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Six-Unit Downtown Apartment Building
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 Market52

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. · License #00252051
Source: Francishomegroup
Added: Sep 11 Changed: Oct 25 Last Checked: Nov 1 at 10:38AM

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

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Investment Insights

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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.

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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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

950
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

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
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