25 Kiel Ave

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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!
  1. Listed by ALEXANDER W HOUSER • KELLER WILLIAMS PROSPERITY REALTY

Property Details for 25 Kiel Avenue

Directions
Route 23 N, right on Kiel Ave, building on right
Days On Market
0
LISTING UPDATED: 04/13/2026 06:35 PM

Property Details for 25 Kiel Avenue

StatusActive
MLS #4020360
Days on Market1
Taxes$10,626 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1912
Lot Size0.07 AC / 3,049 SF
CountyMorris County

Location

Listing Courtesy of KELLER WILLIAMS PROSPERITY REALTY, ALEXANDER W HOUSER
Add your commute

Building Information for 25 Kiel Avenue

Stories-Residences3Year Built1912Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$4,360 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,474

Property Taxes

$886

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 25 Kiel Avenue

Summary
Location and General Information
  • Address Included: Y
  • Renovated Year: 2025
  • County #: Morris
  • Town Name: Butler Boro
  • Block Identifier: 40
  • Listing Type: Exclusive Right to Sell
  • Town #: 2303.0
  • Street # Display: 25.0
  • # Parking Spaces: 4
  • County Or Parish: Morris
  • Street Name: Kiel Ave
  • Zip Code: 07405-1393
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $10,626
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 480700.0
  • Tax ID For Property: 2303-00040-0000-00024-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2025
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Off-Street Parking, Parking Lot-Shared
Property
Lot Information
  • Lot Identifier: 24
  • Approximate Lot Size: 30X100
  • Total Acres: 0.07
  • Construction Date/Year Built: 1912
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 252200.0
  • Assessment Land: 228500.0
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural, See Remarks
  • Water: Public Water
  • Water Heater: Electric, Gas, See Remarks
  • Heating: 3 Units, Baseboard - Electric, Baseboard - Hotwater
  • Fuel Type: Electric, Gas-Natural, See Remarks
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door
  • Easement Desc: Driveway
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Dishwasher, Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 01-31-2027
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 2100.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Storage
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 3150.0
  • Unit 1 Sq Ft: 900.0
Unit 2 Information
  • Unit 2 Appl/Equip: Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 2000.0
  • Unit 2 Room Description: Kitchen, Laundry Room, Living/Dining Room, Storage
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 900.0
Unit 3 Information
  • Unit 3 Appl/Equip: Dishwasher, Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Lease Expiration: 01-31-2027
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1700.0
  • Unit 3 Room Description: Kitchen, Living/Dining Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 2750.0
  • Unit 3 Sq Ft: 600.0
Multi-Family Information
  • Unit Style: Triplex
Income & Expenses Information
  • Total Operating Expense: $14,300.00
  • Expenses Include: Cold Water, Insurance, Maintenance, Taxes
  • Net Operating Income: $54,100.00
  • Gross Operating Income: $68,400.00

Property History for 25 Kiel Avenue

DateEvent & SourcePriceAppreciation
Apr 13, 2026

Listed (Active)

GSMLS #4020360

$689,900
Oct 11, 2024

Temporarily Off Market

GSMLS #3911089

Oct 11, 2024

Under Contract

GSMLS #3911089

Aug 30, 2024

Temporarily Off Market

GSMLS #3898755

Aug 30, 2024

Under Contract

GSMLS #3898755

Aug 26, 2024

Temporarily Off Market

NJMLS #24021165

Aug 26, 2024

Under Contract

NJMLS #24021165

Jul 2, 2024

Listed (Active)

NJMLS #24021165

$499,999
Jul 2, 2024

Listed (Active)

GSMLS #3911089

$499,999
Jun 18, 2024

Temporarily Off Market

NJMLS #24012809

Jun 18, 2024

Under Contract

NJMLS #24012809

Apr 29, 2024

Listed (Active)

GSMLS #3898755

$599,900
Apr 29, 2024

Listed (Active)

NJMLS #24012809

$599,900
Jan 17, 2024

Temporarily Off Market

GSMLS #3877147

Jan 17, 2024

Temporarily Off Market

GSMLS #3871636

Dec 5, 2023

Temporarily Off Market

NJMLS #23036719

Dec 5, 2023

Listed (Active)

NJMLS #23036719

$599,000
Dec 5, 2023

Listed (Active)

GSMLS #3877147

$599,000
Nov 8, 2023

Temporarily Off Market

NJMLS #23033008

Oct 26, 2023

Listed (Active)

GSMLS #3871636

$599,000
Oct 26, 2023

Listed (Active)

NJMLS #23033008

$599,000
Feb 26, 2021

Sold

GSMLS #3678256

$253,000
Feb 17, 2021

Sold (Public Record)

Public Record #692921990

$253,000
Feb 17, 2021

Sold (Public Record)

Public Record #1454524487

$253,000

+0.3% / yr

Nov 29, 2020

Off Market

GSMLS #3678256

Nov 12, 2020

Listed (Active)

GSMLS #3678256

$299,000
Dec 4, 2014

Sold

GSMLS #3168051

$248,000
Nov 20, 2014

Sold (Public Record)

Public Record #486254129

$248,300
Sep 2, 2014

Listed (Active)

GSMLS #3168051

$284,500
DateEvent & SourcePrice
04/13/2026

Listed (Active)

GSMLS #4020360

$689,900
10/11/2024

Temporarily Off Market

GSMLS #3911089

10/11/2024

Under Contract

GSMLS #3911089

08/30/2024

Temporarily Off Market

GSMLS #3898755

08/30/2024

Under Contract

GSMLS #3898755

08/26/2024

Temporarily Off Market

NJMLS #24021165

08/26/2024

Under Contract

NJMLS #24021165

07/02/2024

Listed (Active)

NJMLS #24021165

$499,999
07/02/2024

Listed (Active)

GSMLS #3911089

$499,999
06/18/2024

Temporarily Off Market

NJMLS #24012809

06/18/2024

Under Contract

NJMLS #24012809

04/29/2024

Listed (Active)

GSMLS #3898755

$599,900
04/29/2024

Listed (Active)

NJMLS #24012809

$599,900
01/17/2024

Temporarily Off Market

GSMLS #3877147

01/17/2024

Temporarily Off Market

GSMLS #3871636

12/05/2023

Temporarily Off Market

NJMLS #23036719

12/05/2023

Listed (Active)

NJMLS #23036719

$599,000
12/05/2023

Listed (Active)

GSMLS #3877147

$599,000
11/08/2023

Temporarily Off Market

NJMLS #23033008

10/26/2023

Listed (Active)

GSMLS #3871636

$599,000
10/26/2023

Listed (Active)

NJMLS #23033008

$599,000
02/26/2021

Sold

GSMLS #3678256

$253,000
02/17/2021

Sold (Public Record)

Public Record #692921990

$253,000
02/17/2021

Sold (Public Record)

Public Record #1454524487

$253,000

+0.3% / yr

11/29/2020

Off Market

GSMLS #3678256

11/12/2020

Listed (Active)

GSMLS #3678256

$299,000
12/04/2014

Sold

GSMLS #3168051

$248,000
11/20/2014

Sold (Public Record)

Public Record #486254129

$248,300
09/02/2014

Listed (Active)

GSMLS #3168051

$284,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 25 Kiel Avenue

Taxable ValueLand$196,900Additions$217,300Total$414,200
Home Facts
Total Finished SqFt1,516 SqFtAbove Grade Finished SqFt1,516 SqFtStories2Lot Size62,726 SqFtStyleGovernmental / Public UseYear Built1873ZoningRCountyMORRISAPN15 45205-0000-00137

Schools near 25 Kiel Avenue

This home is within Butler Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Aaron Decker Elementary School
PublicPK to 4

Richard Butler Elementary School
Public5 to 8

Butler High School
Public9 to 12

St Anthony Of Padua
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

25 Kiel Avenue is a multi-family home for sale in Butler, NJ 07405. This listing's school district is Butler Public School District. Nearby schools include Aaron Decker Elementary School, Richard Butler Elementary School and Butler High School. 25 Kiel Avenue is a 5-bed, 3-bath, multi-family home built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS PROSPERITY REALTY, ALEXANDER W HOUSER

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 04/14/2026 07:43 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 04/14/2026 07:43 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.