811 S Cherry Street offers an exceptional investment opportunity in the heart of Olathe, Kansas. This 8-unit multi-family property features a desirable mix of four one-bedroom units and four studio units, each equipped with in-unit washer and dryer for tenant convenience. The building spans 5,578 square feet on a 0.21-acre site with off-street parking for 12 vehicles. Current occupancy stands at 100% as of April 2026, reflecting strong demand and steady income potential. The property has recently undergone key capital improvements, including updated plumbing and electrical systems, 10-year-old roof, and operational HVAC window and wall units. With separate electric metering and a single water meter billed back to tenants, utility management is straightforward and efficient. Located just steps away from Johnson County Square Park, City Hall, the county courthouse, and numerous dining and retail options, the asset offers excellent walkability and connectivity to downtown Olathe's revitalized business district. Surrounded by major employers such as Garmin International, Olathe Medical Center, Honeywell Aerospace, and Johnson County Government, this property benefits from a robust employment base that sustains tenant demand. The opportunity for value-add through interior upgrades and rent growth enhances long-term upside, positioning this asset as an attractive addition to any investment portfolio.