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Olathe 41 341 E Loula St 41 Unit Apartment Building For Sale Olathe, KS 66061
INVESTMENT HIGHLIGHTS
- Prime downtown Olathe location near shops, dining, and employment centers.
- Every unit includes a private patio or deck for added tenant appeal.
- Multiple exit strategies and operational upside for long-term growth.
- Renovated units feature granite or quartz counters and modern finishes.
- Strong Johnson County submarket with top-rated schools and rising rents.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.83 AC |
| No. Units | 41 | Building Size | 38,424 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2025 |
| Apartment Style | Low-Rise | Parking Ratio | 2.27/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R2 - Residential Zoning | ||
| Sale Type | Investment |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.83 AC |
| Building Size | 38,424 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2025 |
| Parking Ratio | 2.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - Residential Zoning |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Eat-in Kitchen
- Kitchen
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 750 |
| 2+1 | 21 | - | 950 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $256,597 | |
| Land Assessment | $23,198 | Total Assessment | $279,795 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,198
Improvements Assessment
$256,597
Total Assessment
$279,795
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Olathe 41 | 341 E Loula St
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