414 E Cedar Street, Olathe, KS 66061
Other · Johnson County
Key Facts
Description
Amazing project property with massive upside in the heart of Olathe. This 10-unit multifamily building is 100% vacant and ready for a full down-to-the-studs renovation. The location is unbeatable—just a 5-minute walk from the $250M downtown revitalization, including the new City Hall, Johnson County Courthouse, and the emerging lifestyle district filled with new retail and dining.The property sits on a rare 1.48-acre lot confirmed as R5 High Density zoning. This offers a unique dual opportunity: rehab the existing structure into a high-cash-flow showplace while exploring the potential to add more buildings on the oversized parcel. The units are already sub-metered for electric and water (gas is master), providing a huge head start on stabilization. While it needs a heavy lift to become occupied once again, the land value and prime location make this an irreplaceable asset. Buyer to verify all future development possibilities. Information deemed reliable but not guaranteed. No seller finance, please do not ask.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1900
Stories
3
Living Area
5,029 sq ft
Lot Size
1.48 acres
Zoning
MF
Days on Market
17
MLS® Listing#
2617191
Property Features
Cooling
Heating
Parking
Construction
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$5,526
Parcel Number
DF231336-1002
Directions
Take the ramp onto I-35 S Entering Kansas , go 11.4 mi Keep left to stay on I-35 S, go 8.0 mi Take exit 218 toward Santa Fe, go 0.2 mi Take the ramp to Kansas State Sch for the Deaf, go 259 ft Merge onto W 135th St/E Santa Fe St, go 0.7 mi Turn left onto N Keeler St, go 0.3 mi Turn right onto E Cedar St Destination will be on the right, go 0.4 mi
Affordability Calculator
$105,000
Estimated monthly payment
$2,794/mo
Principal $420,000 · Est. interest $585,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Olathe, KS
- $651,205
- Median Listing Price
- 97
- Median Days on Market
- 2,753
- Median Sq Ft
- $240
- Median Price / Sq Ft
- 401
- Active Listings
- This home’s price is 19% below the area median.
- Its price per sq ft is 57% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Olathe, KS.
Location
Points of Interest in Olathe, KS
Showing the Olathe area map.
Nearby Schools
Central Elementary School
Elementary · 0.1 mi away
Olathe Step Up
School · 0.2 mi away
Kansas State School for the Deaf
School · 0.2 mi away
A2Z Academic Foundation
School · 0.6 mi away
Olathe North High School
Secondary · 0.7 mi away
Agape Montessori School
Elementary · 0.7 mi away
Olathe Advanced Technical Center
School · 0.8 mi away
Ridgeview Elementary School
Elementary · 0.9 mi away
Westview Elementary School
Elementary · 0.9 mi away
Northview Elementary School
Elementary · 1.1 mi away
Fairview Elementary School
Elementary · 1.2 mi away
Olathe Christian Church
School · 1.3 mi away
Rolling Ridge Elementary School
Elementary · 1.5 mi away
Havencroft Elementary School
Elementary · 1.6 mi away
All 4 Kids Christian Day Care & Preschool
School · 1.6 mi away
Mahaffie Elementary School
Elementary · 1.7 mi away
Heartland Early Childhood Center
School · 1.8 mi away
Santa Fe Trail Middle School
Secondary · 1.8 mi away
Washington Elementary School
Elementary · 1.8 mi away
Oregon Trail Middle School
Secondary · 1.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 13851 S Acuff Street, Olathe, KS | $369,000 | 3 | 3 | 1,873 |
| 15216 W 132nd Place, Olathe, KS | $370,000 | 4 | 4 | 2,533 |
| 1810 W Fredrickson Circle, Olathe, KS | $374,900 | 3 | 3 | 1,864 |
| 2118 S Central Street, Olathe, KS | $375,000 | 4 | 3 | 1,863 |
| 20840 W 180th Street, Olathe, KS | $375,000 | 3 | 2 | 1,820 |
| 960 E 120th Street, Olathe, KS | $380,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Olathe
Listing Courtesy: Lutz Sales + Investments - 913-426-5576
Last Updated: 2026-05-05
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