USAKSOlatheOlathe209 E Loula St
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$630,000

For Sale

A month ago

209 E Loula St, Olathe, KS

Condo

MLS® 2641300

0 Bed

0 Bath

--

7 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes $5,909
Days Active 28
Approx. Age 1920
MLS® Number 2641300

Property Address: 209 E Loula St, Olathe, KS, 66061-3465

Average square foot calculated using Size range provided by listing agent.

Description

The Ritz is a 6-unit multifamily property built in 1920 and located in the heart of downtown Olathe, KS, offered at $630, 000. The property is currently 5 of 6 units occupied, with in-place rents on the 2 bed/1 bath units ranging from $725 to $950, indicating room to push rents to market level. The owner currently absorbs all water/sewer and trash expenses without tenant billback in place, giving a new owner two clear, low-lift value-add levers: raise in-place rents to market and implement a RUBS utility billback program. The property sits in a walkable, historic pocket of downtown Olathe that is in the midst of a well-funded revitalization, a new Downtown Olathe Library, the Johnson County Courthouse, Johnson County Square Park, and the County Square Commons dining and entertainment district (opening late 2026/early 2027) have all landed within the immediate area since 2021, alongside recurring draws like Fourth Fridays, the Garmin Marathon, and the Johnson County Old Settlers celebration. Central Elementary School sits just a few blocks away on E Cedar St, and the property borders a community garden, both strong pulls for the family and long-term renter demand this unit mix is built for.
MLS® Number2641300
Locker
Ensuite Laundry
Balcony
Furnished
Laundry LevelLower
Exposure
Exterior
Garage
Approx. Age1920
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas
A/CCentral Gas

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 9, 2026List Date
$630,000List Price
  • Commute

Commute

Starting Address
Destination Address
209 E Loula St, Olathe, KS

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