414 E Cedar St
Olathe, KS 66061
Old Town
Studio
1 Bath
Studio
1 Bath
(on 1.48 acres)
Local Information
© Google
-- mins to
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.
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Cooling only
HOA
None
Price/Sqft
No Info
Listed
3 days ago
Home Details for 414 E Cedar St
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MLS Status: Active |
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Beds & Baths Number of Bathrooms: 1 |
Appliances & Utilities Utilities: Master Meters, Separate Meters |
Heating & Cooling Heating: NoneNo CoolingAir Conditioning: Window Unit(s)No Heating |
Levels, Entrance, & Accessibility Number of Stories: 3 |
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Exterior Home Features Roof: Composition |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: Off Street,On Street |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 3 |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment |
Building Construction Materials: Stucco |
Property Information Parcel Number: DF2313361002 |
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Price List Price: $525,000 |
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Direction & Address City: OlatheCommunity: Other |
School Information High School District: Olathe |
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Listing Agent Listing ID: 2617191 |
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Not Senior Community |
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No HOAHOA Fee: No HOA Fee |
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Lot Area: 1.4777 Acres |
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Listing Terms: Cash, Conventional |
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BasementMls Number: 2617191Attribution Contact: 913-426-5576 |
Last check for updates: about 5 hours ago
Listing Provided by: Michelle Lutz, (913) 426-5576
Lutz Sales + Investments
Source: Heartland MLS as distributed by MLS GRID, MLS#2617191
Also Listed on Heartland MLS as distributed by MLS GRID.
Price History for 414 E Cedar St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/05/2026 | $525,000 | Listed For Sale | Heartland MLS as distributed by MLS GRID #2617191 |
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Comparable Sales for 414 E Cedar St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.23 | Multi-Family Home | - | 09/05/25 | 1 | - | ||
0.29 | Multi-Family Home | - | 11/13/25 | 4 | - | ||
0.30 | Multi-Family Home | - | 02/05/26 | 2 | - | ||
0.31 | Multi-Family Home | - | 08/20/25 | 6 | - | ||
0.68 | Multi-Family Home | - | 09/03/25 | 1 | - | ||
0.66 | Multi-Family Home | - | 09/03/25 | 2 | - | ||
0.87 | Multi-Family Home | - | 02/12/26 | 1 | - | ||
1.05 | Multi-Family Home | - | 05/20/25 | 1 | - | ||
0.82 | Multi-Family Home | - | 01/15/26 | 2 | - | ||
1.06 | Multi-Family Home | - | 09/17/25 | 1 | - |
Assigned Schools
These are the assigned schools for 414 E Cedar St.
- Central Elementary School
- PK-5
- Public
- 220 Students
6/10GreatSchools RatingParent Rating AverageHomophobic, got bullied for being lesbian and school did NOTHING about it! Teachers do NOT like to use my they them pronouns. There is a wasp infestation in the gym, and the exterminator is the gym teacher stomping on them. THE HIVE IS STILL THERE!!!!!!Student Review6mo ago - Oregon Trail Middle School
- 6-8
- Public
- 657 Students
4/10GreatSchools RatingParent Rating AverageGreat teachers who are friendly and helpful to students, high levels of discipline is maintained in this school. I like the cleanliness and learning environment in this school.Parent Review5mo ago - Olathe North Sr High School
- 9-12
- Public
- 2230 Students
8/10GreatSchools RatingParent Rating AverageI went to north and I have had an amazing experience everyone says bad things about north but it has taught me so much. It is a diverse school and I learned about so many different cultures just from the people I was surrounded with. Everybody fits in there and you won't see racism because we are a family "you're in high school once but you're an eagle forever"Other Review12y ago 
Check out schools near 414 E Cedar St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Old Town
At least 14 Trulia users voted on each feature.
82 % Say parking is easy
75 % Say car is needed
72 % Say yards are well-kept
71 % Say it's dog friendly
68 % Say there are sidewalks
64 % Say kids play outside
63 % Say it's walkable to restaurants
60 % Say it's walkable to grocery stores
56 % Say there's holiday spirit
55 % Say people would walk alone at night
49 % Say neighbors are friendly
47 % Say there's wildlife
44 % Say they plan to stay for at least 5 years
38 % Say streets are well-lit
36 % Say there are community events
35 % Say it's quiet
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Michelle Lutz, Lutz Sales + Investments
Agent Phone: (913) 426-5576
Based on information submitted to the MLS GRID as of 2026-05-08 10:12:51 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. Click here for more information
Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR®- Terry York - (913) 213-6604
Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR®- Terry York - (913) 213-6604