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10-Unit Apartment Building
For Sale
$525,000

414 E Cedar St, Olathe, KS 66061

Vacant multifamily property with R5 High Density zoning and individually sub-metered electric and water service.

Property SizeContact for details
Lot Size1.48 Acres
Days on Market35

Property Features for 414 E Cedar St

General Information

Standard status Active
Lot size 1.48 Acres
Property subtype Multi-Family
Zoning R5 High Density

Property Condition

Severity Major Repairs Needed
Evidence full down-to-the-studs renovation

Additional Details

Utilities to Site Yes
Multifamily Units 10

Building Details

Year Built 1900
Buildings 1
Listing Agency: Lutz Sales + Investments
Listed By: Michelle Lutz · License #SP00239672
Source: Fussellgroup
Added: Jul 26 Changed: Aug 28 Last Checked: Aug 25 at 4:41AM

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 Lutz Sales + Investments

Investment Insights

Based on property information with market context.

Built in 1900, this 10-unit apartment property is currently vacant and requires a complete down-to-the-studs renovation. Electric and water are individually sub-metered, while gas service is master-metered. The improvements occupy a 1.48-acre parcel designated R5 High Density zoning.

The property is located at 414 E Cedar St in Olathe, Kansas, within a five-minute walk of the downtown revitalization area. Nearby civic and commercial projects include the new City Hall, Johnson County Courthouse, and a lifestyle district with retail and dining. The existing building and land are offered together for a substantial renovation project.

Key Highlights

  • 10‑unit multifamily building constructed in 1900
  • Property is 100% vacant and requires a down‑to‑the‑studs renovation
  • 1.48‑acre parcel with R5 High Density zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Spa & Massage Center Dental Office Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,009
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant multifamily property with R5 High Density zoning and individually sub-metered electric and water service.
Where is this apartment building located?
The property is located at 414 E Cedar St Olathe, KS.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 10‑unit multifamily building constructed in 1900; Property is 100% vacant and requires a down‑to‑the‑studs renovation; 1.48‑acre parcel with R5 High Density zoning
More about this property
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