$379,900
SOLD FEB 5, 2026
Last list price

462 S Water St Olathe, KS 66061

-- Bed
924 Baths
1,946 Sq Ft
9,583 Sq Ft Lot

Sale Details

Date Sold: February 5, 2026

$195 Per Sq Ft

8 Days on Market

Highlights

  • Deck
  • No HOA
  • Porch
  • Oregon Trail Middle School Rated A-
  • Stainless Steel Appliances
  • Accessible Approach with Ramp

About This Home

As of February 2026

Newly renovated 2-story Duplex, featuring 2-bedoom and 1-bath units, in the rejuvenated Downtown Olathe area! A short stroll from new restaurants, parks and green spaces, new JoCo library, quaint downtown shops; nearby Olathe Medical Center, KS School for the Deaf, Mid-American Nazarene University, Johnson County Courthouse and government buildings; centrally located with quick access to highways for commuting! Perfect for STR, mid-term rentals, and establishing long-term tenant opportunities alike. Maximize your investment with professional business travelers and 2026 leisure travelers! Many possibilities with these 2 units. First floor unit features a covered porch, deck with fenced yard, tall ceiling, ramp entrance, large windows; Second floor unit features compact, modern open kitchen / living combo, but with large bedrooms. Laundry area in building, with separate exterior entrance. New roof, new flooring, new countertops, new bathrooms, new wall and ceiling drywall, interior and exterior paint, new SS appliances!

Last Agent to Sell the Property

Christian Hidalgo

KW Diamond Partners Brokerage Phone: 913-486-1526 License #SP00227372 Listed on: 12/23/2025

KW Diamond Partners

Last Buyer's Agent

Kristen Turner

Keller Williams KC North License #2017029947

Keller Williams KC North

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,993

Year Built

  • Built in 1910

Lot Details

  • 9,933 Sq Ft Lot
  • Private Entrance
  • Fenced

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 924 Bathrooms
  • 1,946 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Electric Oven
  • Electric Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Accessible Home Design

  • Accessible Bedroom
  • Accessible Kitchen
  • Central Living Area
  • Accessible Approach with Ramp

Outdoor Features

  • Deck
  • Porch

Schools

  • Central Elementary School
  • Olathe North High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number DP59000004 0004A
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Pilcher Place Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,993

Year Built

Built in 1910

Lot Details

9,933 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1910
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Christian Hidalgo
  • Listing Service: Full Service
  • List Office Mls Id: HMSKW05
  • List Office Name: KW Diamond Partners
  • List Office Phone: 913-322-7500
  • Mls Status: Sold
  • Age Description: 101 Years/More
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Warranty Description: Seller Provides
  • Package: No
  • Attribution Contact: 913-486-1526
  • Special Features: None

Interior Features

  • Accessibility Features: Accessible Approach with Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Kitchen
  • Appliances: Dishwasher, Disposal, Exhaust Fan, Electric Range, Free-Standing Electric Oven, Stainless Steel Appliance(s)
  • Basement: No
  • Laundry Features: Central Laundry, Utility Room
  • Stories: 2
  • Window Features: Window Coverings

Exterior Features

  • Exterior Features: Private Entrance
  • Roof: Composition
  • Construction Materials: Frame
  • Fencing: Fenced
  • Patio And Porch Features: Deck, Porch
  • Inside City Limits: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Electric, Zoned
  • Heating: Natural Gas, Zoned
  • Sewer: Public Sewer
  • Utilities: Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector(s)
  • Water Source: Public
  • Telecom: Metro Free

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Type Of Management: Owner Manager

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Superior Title & Escrow of Kansas City, LLC

Schools

  • Middle/Junior School: Oregon Trail
  • Junior High Dist: Olathe

Lot Info

  • Zoning: R-2
  • Building Area Total: 1946
  • Lot Size Sq Ft: 9933
  • Parcel Number: DP59000004 0004A
  • Subdivision Name: Pilcher Place
  • In Flood Plain: No

Building Info

  • Number of Units Total: 2

Rental Info

  • Existing Lease Terms: None

Tax Info

  • Tax Annual Amount: 2993
  • Tax Abatement YN: 0

Multi Family

  • Current Occupancy Rate: Vacant
  • Unit Count: 2

MLS Schools

  • Elementary School: Central
  • High School: Olathe North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2025
Closed on
Feb 5, 2026
Sold by
Refresh Homes Llc
Bought by
Richards Ackeilia
Seller's Agent
Christian Hidalgo
KW Diamond Partners
Buyer's Agent
Kristen Turner
Keller Williams KC North
List Price
$379,900
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.88%
Original Mortgage
$382,000
Outstanding Balance
$382,000
Interest Rate
6.15%
Mortgage Type
VA
Estimated Equity
-$4,942

Purchase Details

Closed on
Feb 25, 2025
Sold by
Rickert Keith A and Rickert Marcia
Bought by
Refresh Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,750
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2003
Sold by
Vanhercke Ronald J and Vanhercke Jami P
Bought by
Rickert Keith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,050
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Superior Title
Warranty Deed -- Freedom Title
Warranty Deed -- Kansas Title Ins Corp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $382,000 VA
Previous Owner $246,750 New Conventional
Previous Owner $82,050 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2026 02/05/26 Sold -- -- --
12/31/2025 12/31/25 Pending -- -- --
12/23/2025 12/23/25 For Sale $379,900 -- $195 / Sq Ft
Source: Heartland MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,783 $27,531 $4,245 $23,286
2024 $2,783 $25,381 $4,245 $21,136
2023 $2,646 $23,437 $4,245 $19,192
2022 $2,569 $22,114 $3,859 $18,255
2021 $2,571 $20,931 $3,508 $17,423
2020 $2,406 $19,435 $3,188 $16,247
2019 $2,290 $18,388 $2,770 $15,618
2018 $2,098 $16,755 $2,517 $14,238
2017 $1,710 $13,581 $2,517 $11,064
2016 $1,847 $15,007 $2,517 $12,490
2015 $1,799 $14,628 $2,517 $12,111
2013 -- $13,190 $2,287 $10,903
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Heartland MLS

MLS Number: 2592618

Heartland MLS

APN: DP59000004-0004A

Your Personal Tour Guide

Ask me questions while you tour the home.