Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    116 Kiel Ave Butler, NJ 07405

    View on Map
    Sponsored
    For Sale
    $890,000

    Multi-Family, 2-Two Story - Butler Boro, NJ

    Property size:
    2,400 SF
    Lot size:
    0.35 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 30 at 3:06 am

    Property Features for 116 Kiel Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room
    Bedrooms
    5
    Bathrooms
    2
    Parking
    2
    Parking features
    Driveway
    Patio and Porch features
    Deck
    Interior features
    Carbon Monoxide Detector, Carpeting, Smoke Detector, Wood Floors
    Exterior features
    Deck, Storage Shed
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Oven - Gas, Range, Refrigerator, Washer
    Size
    2,400 SF
    Lot size
    0.35 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)
    Cooling system
    Multi Units

    Building Details

    Year built
    1908
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    WILLIAM KIVLON

    Realty Executives Exceptional Realtors

    Listing agent WILLIAM KIVLON

    Listing date Mar 28, 2026

    MLS# 4016152 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Two-Family Home

    This renovated two-family home is located in a desirable neighborhood. The first floor unit features 2 bedrooms, 1 full bath, a washer, a dryer, and 5 spacious rooms. The second unit offers 3 bedrooms, one full bath, washer and dryer hookups, and a total of 6 rooms, providing ample living space. Each unit includes a one-car garage. The property is ideally situated with easy access to major highways, trains, buses, and local shopping. The lot size is 0.35 acres, and the property size is 2400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Morris
    State
    New Jersey
    Longitude
    -74.35002
    Latitude
    41.00134

    Nearby Similar for Sale

    • $529,000
      8,000 SF

      Butler Boro Commercial Building

      Large commercial building with development potential in Butler's Main Street.
      154 Main St, Butler, NJ 07405
      View Details
    • $895,000
      Pending

      Unique Two-Family Residence with Pool

      Rare, meticulously maintained two-family home with pool and flexible layout.
      60 Belleview Ave, Butler, NJ 07405
      View Details
    • $139,000
      0.02 Acres

      Kinnelon Office Condo For Sale

      Prime office condo in Kinnelon Professional Complex. Great investment opportunity.
      170 Kinnelon Rd, Butler, NJ 07405
      View Details
    • $49,000
      0.01 Acres

      Kinnelon Office Condo For Sale

      Office condo in Kinnelon Professional Complex, ideal for investors/owner-occupants.
      170 Kinnelon Rd-Unit, Butler, NJ 07405
      View Details
    • $999,000
      7,368 SF

      Kinnelon Commercial Asset For Sale

      Signature commercial building in Kinnelon's business district with diverse income.
      17 Kiel Ave, Butler, NJ 07405
      View Details
    • $49,000
      0.01 Acres

      Kinnelon Office Condo For Sale

      Office condo in Kinnelon Professional Complex, ideal for investors/owner-occupants.
      170 Kinnelon Rd -, Butler, NJ 07405
      View Details
    • $1,250,000
      7,914 SF

      Commercial Property in Butler Boro

      Commercial property for sale in Butler Boro, New Jersey.
      1375 State Rt 23, Butler, NJ 07405
      View Details
    • $109,000
      0.02 Acres

      Kinnelon Boro Office Condo

      First-floor office condo with full bath and ample parking.
      170 Kinnelon Rd -, Butler, NJ 07405
      View Details
    • $110,000
      Pending

      Kinnelon Office Condo For Sale

      Third-floor office condo in a professional building with elevator.
      15 Kiel Ave, Butler, NJ 07405
      View Details
    • $529,000
      8,000 SF

      Commercial Building in Main Street District

      Large commercial building with development potential in Butler's Main Street.
      154 Main St, Butler, NJ 07405
      View Details
    • $99,777

      Professional Office Condo For Sale

      900 sq ft office condo with flexible layout.
      170 Kinnelon Rd, Butler, NJ 07405
      View Details
    • Contact for pricing
      7,000 SF

      7,000 SF Mixed-Use Building

      7,000 SF building with office and retail space.
      1575 State Rt 23, Butler, NJ 07405
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property with garages, convenient to transportation and shopping.
    Where is this duplex located?
    The property is located at 116 Kiel Ave Butler, NJ.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: - Two separate units, ideal for rental income or multi-generational living.; - Each unit includes its own washer and dryer.; - Each unit has a dedicated one-car garage.
    (973) 305-5880
    Request Owner's contact information
    116 Kiel Ave Butler, NJ 07405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    116 Kiel Ave
    Butler, NJ 07405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Kiel Ave Butler, NJ 07405
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    WILLIAM KIVLON
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!