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Under contract
    • Price increase: $30K (6/2)
    $719,900

    25 Kiel Ave, Butler Boro, NJ 07405

    5beds
    2,400sqft
    Multi Family
    Built in 1912
    -- sqft lot
    $-- Zestimate®
    $300/sqft
    $-- HOA

    What's special

    Updated kitchens and bathroomsNewer appliancesOpen-concept layouts
    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!
    80 days
    |
    67
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alexander W Houser 973-696-0077,

    Keller Williams Prosperity Realty

    Source: GSMLS,MLS#: 4031536MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • 3 Units, Baseboard - Electric, Baseboard - Hotwater, Electric, Natural Gas
      Appliances
      • Included: Dishwasher, Dryer, Range/Oven - Electric, Refrigerator, Washer, Electric Water Heater, Gas Water Heater, Water Heater (See Remarks)
      • Laundry: Laundry Room
      Features
      • Bedrooms, Kitchen, Living/Dining Room, Storage
      • Basement: Yes,Bilco-Style Door
      • Has fireplace: No
      Interior area
      • Total structure area: 2,400
      • Total interior livable area: 2,400 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Off Street, Parking Lot-Shared
      • Uncovered spaces: 4
      Lot
      • Size: 3,049 Square Feet
      • Dimensions: 30 x 100
      Details
      • Parcel number: 2303000400000000240000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding
      • Roof: Flat
      Condition
      • Year built: 1912
      • Major remodel year: 2025

      Utilities & green energy

      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, See Remarks

      Community & HOA

      Community
      • Security: Smoke Detector(s), Smoke Detector
      Location
      • Region: Butler

      Financial & listing details

      • Price per square foot: $300/sqft
      • Tax assessed value: $480,700
      • Annual tax amount: $10,626
      • Date on market: 6/2/2026
      • Total actual rent: 5800
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/8/2026Pending sale$719,900$300/sqft
        Source: GSMLS #4031536 Report a problem
        6/2/2026Price change$719,900+4.3%$300/sqft
        Source: GSMLS #4031536 Report a problem
        5/4/2026Pending sale$689,900$287/sqft
        Source: GSMLS #4020360 Report a problem
        4/13/2026Price change$689,900+38%$287/sqft
        Source: GSMLS #4020360 Report a problem
        1/9/2025Listing removed$1,700$1/sqft
        Source: GSMLS #3939564 Report a problem
        1/2/2025Listed for rent$1,700$1/sqft
        Source: GSMLS #3939564 Report a problem
        8/26/2024Pending sale$499,999$208/sqft
        Source: NJMLS #24021165 Report a problem
        7/2/2024Price change$499,999-16.7%$208/sqft
        Source: NJMLS #24021165 Report a problem
        6/18/2024Pending sale$599,900$250/sqft
        Source: NJMLS #24012809 Report a problem
        4/29/2024Price change$599,900+0.2%$250/sqft
        Source: NJMLS #24012809 Report a problem
        10/26/2023Listed for sale$599,000+136.8%$250/sqft
        Source: NJMLS #23033008 Report a problem
        2/26/2021Sold$253,000-15.4%$105/sqft
        Source: GSMLS #3678256 Report a problem
        11/25/2020Pending sale$299,000$125/sqft
        Source: REALTY EXECUTIVES EXCEPTIONAL #3678256 Report a problem
        11/13/2020Listed for sale$299,000+20.6%$125/sqft
        Source: REALTY EXECUTIVES EXCEPTIONAL #3678256 Report a problem
        12/4/2014Sold$248,000$103/sqft
        Source: GSMLS #3168051 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,567 +6.7%$423,200 +6.7%
        2024$9,906 +35.9%$396,700 +44.5%
        2023$7,288 +6.3%$274,600 +10.8%
        2022$6,857 -10.9%$247,800 +23.4%
        2021$7,699 +4.9%$200,800
        2020$7,337 +1.3%$200,800
        2019$7,243 +2.6%$200,800
        2018$7,058 +2.7%$200,800
        2017$6,875 +1.6%$200,800
        2016$6,765 +3.2%$200,800
        2015$6,556 +2.3%$200,800
        2014$6,408 +5.4%$200,800
        2012$6,080 +5.1%$200,800
        2011$5,785 +4.7%$200,800
        2010$5,526 +2%$200,800
        2009$5,416 $200,800
        2008-- $200,800
        2007-- $200,800
        2006-- $200,800
        2005-- $200,800
        2004-- $200,800
        2003-- $200,800 +139%
        2002-- $84,000
        2001-- $84,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 07405

        Getting around

        59 / 100
        Somewhat Walkable
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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