USANJButler25 Kiel Ave
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New
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25 Kiel Ave | Image 7

$689,900

For Sale

3 days ago

25 Kiel Ave, Butler

House

MLS® 4020360

5 Bed

3 Bath

--

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes $10,626
Days Active 2
Lot Size 
Approx. Age 1912
MLS® Number 4020360

Property Address: 25 Kiel Ave, Butler, NJ, 07405-1393

Average square foot calculated using Size range provided by listing agent.

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!
MLS® Number4020360
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1912
BasementBilco-Style Door
DrivewayOff-Street Parking, Parking Lot-Shared
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 13, 2026List Date
$689,900List Price
  • Commute

Commute

Starting Address
Destination Address
25 Kiel Ave, Butler,

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