25 Kiel Ave

Butler Boro, NJ 07405


 

Price: $689,900

GSMLS:  4020360
Type: Multi-Family
Style: Triplex
Total Units: 3
Beds: 5
Baths: 3 Full
Garage: No
Year Built: 1912
Acres: 0.07
Property Tax: $10,626
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!
General Info
Style:
Triplex
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Bilco-Style Door
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
30X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Off-Street Parking, Parking Lot-Shared
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Kitchen, Laundry Room, Living/Dining Room, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
4
Room Description:
Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, Baseboard - Electric, Baseboard - Hotwater
Heating Fuel:
Electric, Gas-Natural, See Remarks
Cooling:
None
Water Heater:
Electric, Gas, See Remarks
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural, See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Morris
Town:
Butler Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$689,900
Tax Amount:
$10,626
Land Assessment:
$228,500
Build. Assessment:
$252,200
Total Assessment:
$480,700
Tax Rate:
2.51
Tax Year:
2025
Listing Information
MLS ID:
4020360
List Date:
04-13-2026
Days On Market:
0
Listing Broker:
KELLER WILLIAMS PROSPERITY REALTY
Listing Agent:
Alexander W Houser
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008


Shawn and Diane Fox