Six-Unit Downtown Apartment
New
For Sale
$630,000
209 E Loula St, Olathe, KS 66061
Historic multifamily property with six two-bedroom units near downtown civic, dining, and entertainment destinations.
Property SizeContact for details
Days on Market4
Property Features for 209 E Loula St
General Information
Standard status
Active
Property subtype
Multi-Family
Additional Details
Asking Price
$630,000
Multifamily Units
6
Building Details
Year Built
1920
Listing Agency:
Peak Real Estate Partners, LLC
Listed By:
Jay Ruf Jr.
Source:
Francishomegroup
Added: Sep 11
Last Checked: Sep 14 at 7:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peak Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
Built in 1920, this six-unit apartment property includes two-bedroom, one-bath units and is currently occupied across five units. The owner presently covers water, sewer, and trash service, with no tenant utility billback program in place.
The property is located at 209 E Loula St in downtown Olathe, near the Johnson County Courthouse, Johnson County Square Park, the new Downtown Olathe Library, and County Square Commons. Central Elementary School is a few blocks away on E Cedar St, and the building borders a community garden. The surrounding area also hosts recurring events including Fourth Fridays, the Garmin Marathon, and the Johnson County Old Settlers celebration.
The property is located at 209 E Loula St in downtown Olathe, near the Johnson County Courthouse, Johnson County Square Park, the new Downtown Olathe Library, and County Square Commons. Central Elementary School is a few blocks away on E Cedar St, and the building borders a community garden. The surrounding area also hosts recurring events including Fourth Fridays, the Garmin Marathon, and the Johnson County Old Settlers celebration.
Key Highlights
- Six‑unit apartment property built in 1920
- Five of six units currently occupied
- Two‑bedroom, one‑bath unit configuration
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
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Business Placement
Demographics for 66061, KS
66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property with six two-bedroom units near downtown civic, dining, and entertainment destinations.
Where is this apartment building located?
The property is located at 209 E Loula St Olathe, KS.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Six‑unit apartment property built in 1920; Five of six units currently occupied; Two‑bedroom, one‑bath unit configuration
