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$689,900
1 Day On Site

25 Kiel Ave
Butler Boro, NJ 07405

For Sale|Triplex|Active
5
Beds
3
Total Baths
3
Full Baths
2,400
SqFt
$287
/SqFt
1912
Built
County:
Morris

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25 Kiel Ave25 Kiel Ave25 Kiel Ave25 Kiel Ave
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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!

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Listing Snapshot
Price 
$689,900
Days On Site 
1 Day
Bedrooms 
5
Inside Area (SqFt) 
2,400 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.07 Acres
Year Built 
1912
MLS® Number 
4020360
Status 
Active
Property Tax 
$10,626
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
22 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.07
Carport 
4
Parking 
Off Street
Parking Spaces 
4
Property Sub Type 
Triplex
Sewer 
Public Sewer
Style 
Triplex
Utilities 
Natural Gas Available
Water Source 
Public
Interior Features
Appliances 
Electric Water HeaterGas Water Heater
Heating 
BaseboardElectricNatural Gas
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Exterior Features
Construction Details 
Aluminum Siding
Roof 
Asphalt
Listing courtesy of KELLER WILLIAMS PROSPERITY REALTY

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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