25 Kiel Ave, Butler Boro, NJ 07405
25 Kiel Ave, Butler Boro, NJ 07405
25 Kiel Ave, Butler Boro, NJ 07405
25 Kiel Ave, Butler Boro, NJ 07405
25 Kiel Ave, Butler Boro, NJ 07405
25 Kiel Ave, Butler Boro, NJ 07405
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Kellene Addison

Kellene Addison

+1(862) 251-4915
$ 689,900
Est. payment | /mo

5 Beds

3 Baths

2,400 SqFt

Save
$ 689,900
Est. payment | /mo
Save

5 Beds

3 Baths

2,400 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $287

MLS Listing ID 4020360

Style Triplex

Bedrooms 5

Full Baths 3

Year Built 1912

Annual Tax Amount $10,626

Tax Year 2025

Lot Size 3,049 Sqft

Property Description

Rare, fully occupied triplex in a prime Butler location. 25 Kiel Ave is a unique three-story multifamily property, grandfathered by the borough, offering a compelling opportunity for both investors and owner-occupants alike. This income-producing asset features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with in-unit laundry in all three apartments. Units 1 and 3 have been fully gut renovated and feature open-concept layouts, updated kitchens and bathrooms, and newer appliances. Unit 3 also includes a private rooftop balcony, adding even more appeal. Separate utilities help minimize landlord expenses, while off-street parking for four vehicles offers added convenience for tenants. Currently generating $5,700 per month in gross rental income with an attractive 7%+ cap rate, this property is also offered at $20,000 below appraised value. Ideally situated within walking distance to downtown Butler's shops, restaurants, nightlife, and public transportation, with easy access to Routes 23 and 287, this is a rare chance to own a well-performing multifamily property in a highly convenient location!

Location

State NJ

County Morris

Rooms

Basement Bilco-Style Door

Interior

Heating Electric, Gas-Natural, See Remarks

Cooling None

Heat Source Electric, Gas-Natural, See Remarks

Exterior

Exterior Feature Aluminum Siding

Utilities Available Electric, Gas-Natural, See Remarks

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style Triplex

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS PROSPERITY REALTY

Nearby Locations

Kellene Addison

"Elevating Real Estate Dreams with Heart and Expertise."

+1(862) 251-4915

addisonrealtor@gmail.com

111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States

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25 Kiel Ave