Fully Occupied
25 Kiel Ave, Butler, NJ 07405
New
- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 3 at 10:06 am
Property Features for 25 Kiel Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry
- Parking
- 4
- Parking features
- Parking Lot
- Basement Y/N
- 1
- Appliances
- Dishwasher, Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10626
Utilities
- Heating system
- Baseboard, Electric (Heating), Hot Water (Heating)
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1912
- Number of units
- 3
- Building materials
- Aluminum Siding
- Roof type
- Flat
- Architectural style
- Other
Listing agent ALEXANDER W HOUSER (973) 696-0077
Listing office KELLER WILLIAMS PROSPERITY REALTY 1700 RT. 23 NORTH, Wayne, NJ (973) 696-0077
Listing date Jun 2, 2026
MLS# 4031536
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.
HighLights
- Fully occupied triplex in Butler with 2 two‑bedroom, 1‑bath units and 1 one‑bedroom, 1‑bath unit
- Gross rental income of $5,700 per month; generating a 7%+ cap rate per listing remarks
- Units 1 and 3 were fully gut renovated with open‑concept layouts and updated kitchens and bathrooms
- In‑unit laundry included in all three apartments, with listed appliances including washer, dryer, range, refrigerator, and dishwasher
- Separate utilities and off‑street parking for four vehicles
- Private rooftop balcony in Unit 3; flat roof and basement included
Overview
25 Kiel Ave is a rare, fully occupied three-story multifamily triplex in Butler, featuring two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. All three apartments include in-unit laundry. Units 1 and 3 have been fully gut renovated with open-concept layouts, updated kitchens and bathrooms, and newer appliances. Unit 3 also offers a private rooftop balcony, giving the top-floor tenant an additional outdoor living space.
The property is grandfathered by the borough and includes separate utilities to help minimize landlord expenses. Off-street parking is available for four vehicles, adding daily convenience for tenants. The location is within walking distance to downtown Butler shops, restaurants, nightlife, and public transportation, with easy access to Routes 23 and 287.
With current gross rental income of $5,700 per month and a stated 7%+ cap rate, this is an income-producing asset suited to investors seeking steady occupancy, as well as owner-occupants looking for a well-configured live-in option. The combination of renovation, in-unit laundry, and strong parking support practical tenant appeal while preserving the triplex format’s diversified rental income.
The property is grandfathered by the borough and includes separate utilities to help minimize landlord expenses. Off-street parking is available for four vehicles, adding daily convenience for tenants. The location is within walking distance to downtown Butler shops, restaurants, nightlife, and public transportation, with easy access to Routes 23 and 287.
With current gross rental income of $5,700 per month and a stated 7%+ cap rate, this is an income-producing asset suited to investors seeking steady occupancy, as well as owner-occupants looking for a well-configured live-in option. The combination of renovation, in-unit laundry, and strong parking support practical tenant appeal while preserving the triplex format’s diversified rental income.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Butler
- County
- Morris
- State
- New Jersey
- Longitude
- -74.34275
- Latitude
- 41.00176
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-story triplex with in-unit laundry, updated interiors, separate utilities, and off-street parking.
Where is this triplex located?
The property is located at 25 Kiel Ave Butler, NJ.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Fully occupied triplex in Butler with 2 two‑bedroom, 1‑bath units and 1 one‑bedroom, 1‑bath unit; Gross rental income of $5,700 per month; generating a 7%+ cap rate per listing remarks; Units 1 and 3 were fully gut renovated with open‑concept layouts and updated kitchens and bathrooms
