209 E Loula Street, Olathe, KS 66061

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For Sale
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$630,000

4,798 sqft

209 E Loula Street, Olathe, KS 66061

About this home

Apartment
Built in 1920
0.18 acres lot
$131 / sqft
No HOA

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.

HouseLoop Vision — AI-detected features from listing photos

HouseLoop's photo analysis of 209 E Loula Street, Olathe, KS 66061 identified ranch-style home, finished basement, open floor plan, mature trees, hardwood floors and white kitchen, plus 25 more features. The home is an active 4,798-square-foot apartment listed for $630,000, MLS #2641300.

Kitchen · HouseLoop Vision: open floor plan · photo not confirmed

Key HouseLoop Vision features

  • Open floor plan
  • White kitchen
  • Wall of windows
  • Stainless steel appliances
  • Electric range
  • Raised-panel cabinets
  • Staircase
  • Beige or brown countertops
  • Laminate countertops
  • Finished basement
  • Recessed lighting
  • White trim
  • Carpet
  • Tiled shower
  • White vanity
  • Renovated bathrooms
  • Mature trees
  • Gray roof
  • Asphalt shingle roof
  • Red brick exterior
  • Concrete driveway
  • Concrete patio
  • Flat lot
  • Ranch-style home
  • Hardwood floors
  • Luxury vinyl floors
  • Black hardware
  • Accent wall
  • White walls
  • Community garden access
  • Urban lot

Every picture is analyzed by HouseLoop's proprietary AI Vision classification system. The features above are in addition to the features provided by the MLS.

How HouseLoop Vision works