Date
Details
Price
Change
Source
4/13/2026
Listed
$689,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$689,900 Just Listed
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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!
Full Property Details
Full Property Details for 25 Kiel Ave
General
- Price: $689,900
- Taxes: $10,626 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4020360
- Updated: 4/13/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 15
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Location
- County: Morris
- Driving Directions: Route 23 N, right on Kiel Ave, building on right
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 3 Units, Electric Baseboard, Baseboard - Hotwater
- Heating Fuel: Electric, Natural Gas, See Remarks
- Water Heater: Electric, Gas, See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas, See Remarks
Structural Information
- Architectural Style: Triplex
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Bilco-Style Door
- Roof: Asphalt Shingles
- Year Built: 1912
- Remodeled/Updated: 2025
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Storage
- Square Feet: 900
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Kitchen, Laundry Room, Living/Dining Room, Storage
- Square Feet: 900
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Kitchen, Living/Dining Room
- Square Feet: 600
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.07
- Lot Dimensions: 30 x 100
- Driveway/Sidewalk: Off-Street Parking, Parking Lot-Shared
Financial Considerations
- Expenses: Cold Water, Insurance, Maintenance, Taxes
- Operating Expenses: $14,300
- Assessment Amount: $252,200
- Land Assmt: $228,500
- Tax Amount: $10,626
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 40
- Lot Number: 24
Listed by Keller Williams Prosperity Realty
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 25 Kiel Ave —
Keller Williams Prosperity Realty
973-696-0077
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 25 Kiel Ave
School District:Butler Borough School District
| Name | Grades | Distance |
|---|---|---|
Richard Butler Elementary School 30 Pearl Place, Butler, NJ 07405 | 5-8 | 0.5 mi |
Aaron Decker Elementary School 98 Decker Road, Butler, NJ 07405 | PK-4 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 25 Kiel Ave
Tax History
Tax History for 25 Kiel Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,906
44%
$423,200
54%
2022
$6,857
-11%
$274,600
11%
2021
$7,699
—
$247,800
23%
2021
$7,699
6%
$200,800
—
2018
$7,243
3%
$200,800
—
2017
$7,058
3%
$200,800
—
2016
$6,875
2%
$200,800
—
2015
$6,765
-8%
$200,800
—
2019
$7,337
12%
$200,800
—
2014
$6,556
2%
$200,800
—
2013
$6,408
—
$200,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 25 Kiel Ave
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Sold by Howard Hanna Rand Realty
Sold by Howard Hanna Rand Realty
25 Kiel Ave, Butler, NJ 07405 (MLS# 4020360) is a Multi-Family property with 3 units containing 5 bedrooms and 3 full bathrooms. 25 Kiel Ave is currently listed for $689,900 and was received on April 13, 2026. Want to learn more about 25 Kiel Ave? Do you have questions about finding other Multi-Family real estate for sale in Butler? You can browse all Butler real estate or contact a Coldwell Banker agent to request more information.