$395,000
Original price: $495,000
Studio
1 Bath
414 E Cedar St, Olathe, KS 66061
Est. Mortgage $2,573/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1900
1.48 acre lot
Open Parking
Local Information
- Map ViewExplore the area around 414 E Cedar St.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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. This is a historical property and was the old Mill building with 2 foot thick limestone construction. Information deemed reliable but not guaranteed. No seller finance, please do not ask.
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.
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: 139 |
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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: $395,000 |
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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 |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Old Town
At least 15 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
67 % 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
47 % Say they plan to stay for at least 5 years
38 % Say streets are well-lit
38 % Say there are community events
35 % Say it's quiet
Sourced by Trulia users. Learn more about our methodology.
Market trends in Olathe
Last updated August 2026
Avg. sale price
$450K
$500MoM
Sale-to-List Price
100.4%
0.4%MoM
Price per sq ft
$202
$2MoM
Available listings
335
10MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.29 | Multi-Family Home | - | 11/13/25 | 4 | - | ||
0.30 | Multi-Family Home | - | 02/05/26 | 2 | - | ||
0.87 | Multi-Family Home | - | 02/12/26 | 1 | - | ||
0.35 | Multi-Family Home | - | 08/07/26 | - | - | ||
0.82 | Multi-Family Home | - | 01/15/26 | 2 | - | ||
1.01 | Multi-Family Home | - | 11/04/25 | 2 | - | ||
0.77 | Multi-Family Home | - | 05/01/26 | - | - | ||
0.94 | Multi-Family Home | - | 11/17/25 | - | - | ||
1.07 | Multi-Family Home | - | 03/27/26 | - | - | ||
1.34 | Multi-Family Home | - | 12/05/25 | 2 | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.07 | - | 4 | 3 | 2,412 | Recently Sold | |
0.05 | - | 4 | 2.5 | 2,587 | Recently Sold | |
0.09 | - | 4 | 3.5 | 1,791 | Recently Sold | |
0.04 | $242,100 | 2 | 1 | 952 | Off Market | |
0.08 | $359,000 | 4 | 2.5 | 2,049 | Off Market | |
0.06 | - | 2 | 1 | 969 | Off Market | |
0.13 | $398,400 | 4 | 2.5 | 2,468 | Off Market | |
0.14 | $286,400 | 3 | 2.5 | 1,600 | Off Market | |
0.15 | - | 4 | 2.5 | 2,250 | Recently Sold | |
0.16 | $429,600 | 3 | 2.5 | 2,041 | Off Market | |
0.12 | - | 2 | 1 | 1,160 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 21, 2026 Source: Heartland MLS as distributed by MLS GRID #2617191 | PriceChange | $395,000 Price decreased by 20% |
Aug 3, 2026 Source: Heartland MLS as distributed by MLS GRID #2617191 | PriceChange | $495,000 Price decreased by 6% |
May 5, 2026 Source: Heartland MLS as distributed by MLS GRID #2617191 | Listed For Sale | $525,000 |
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 2026-09-21 12:03:18 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
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Frequently asked questions about 414 E Cedar St
- What is the estimated monthly payment for 414 E Cedar St?Based on a $395,000 list price with 20% down at today's rates, the estimated monthly payment for 414 E Cedar St in Olathe, KS is approximately $2,581 (about $2,147 principal & interest, $359 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 414 E Cedar St compare to homes in Olathe?414 E Cedar St in Olathe, KS is listed at $395,000, about 12% below the $450K median sale price in Olathe.
- What do residents say about the Old Town neighborhood?Residents describe the Old Town neighborhood in Olathe, KS as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Old Town, Olathe.
- What are the closest schools to 414 E Cedar St?The closest schools to 414 E Cedar St in Olathe, KS are Central Elementary School (Pre-K, rated 5/10), Olathe North Senior High School (rated 8/10), Oregon Trail Middle School (rated 5/10).
- Does 414 E Cedar St have parking?Yes, 414 E Cedar St in Olathe, KS has on-site parking.
- Is there a virtual tour of 414 E Cedar St?Yes, a virtual tour of 414 E Cedar St in Olathe, KS is available.