25 Kiel Ave, Butler, NJ 07405-1393
- Beds
- 5
- Baths
- 3
View property features, location on map, relevant school information and overview from seller's agent.
- 0
- 0
Overview
Back on Market after Buyer couldn't perform! Now you have a second chance to snag this 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!
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 5
- Number of bathrooms
- 3
- Lot size (acres)
- 0.07
- Year built
- 1912
Interior features
- Basement
- Yes
- Laundry
- In Unit
Utilities
- Cooling
- None
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $10,626
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Garden State MLS MLS®#: 4031536 Last checked: …

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