816-591-0825
341 E Loula St, Olathe, KS for Sale
Apartments - FOR SALE
1/46
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341 E Loula St
Olathe, KS 66061
Central Core


HIGHLIGHTS

  • Prime downtown Olathe location near shops, dining, and employment centers.
  • Renovated units feature granite or quartz counters and modern finishes.
  • Every unit includes a private patio or deck for added tenant appeal.
  • Strong Johnson County submarket with top-rated schools and rising rents.
  • Multiple exit strategies and operational upside for long-term growth.

OVERVIEW

OFFERS DUE 2/16/2025 This 41-unit multifamily property in the heart of downtown Olathe, Kansas, offers an exceptional investment opportunity in Johnson County’s most desirable submarket. The complex features a balanced mix of 21 two-bedroom units and 20 one-bedroom units, each designed for comfort and functionality. Many units have undergone extensive renovations, including granite or quartz countertops, luxury vinyl plank flooring, updated lighting, and modern finishes that meet today’s tenant expectations. Every unit includes a private patio or deck, central heating and cooling, and dishwashers, enhancing tenant satisfaction and retention. The property benefits from its prime location within walking distance to shops, restaurants, bars, and employment centers, as well as proximity to newly constructed Class A multifamily developments and a revitalized City Hall. Olathe is one of the fastest-growing suburbs in the Kansas City metro, supported by top-rated schools and strong demographics. Operational upside remains with opportunities to further upgrade select units and optimize efficiencies, while multiple exit strategies—such as selling parcels individually—provide flexibility for investors. With in-place rents and room for growth, this asset combines stability with value-add potential in a thriving market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

41

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olathe 41

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

R2

APN/PARCEL ID

DP31200002-0001C,DP31200002-0001D,DP36000000-0003

ASK ABOUT THIS PROPERTY

Alex OlsonLegendary Apartment BrokersMore Info
816-591-0825

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Alex OlsonLegendary Apartment BrokersMore Info
816-591-0825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.