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

    25 Kiel Ave, Butler Boro, NJ 07405

    5beds
    2,400sqft
    : 
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    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!
    32 days
    |
    844
    |
    46
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alexander W Houser 973-696-0077,

    Keller Williams Prosperity Realty

    Source: GSMLS,MLS#: 4031536MLS Logo

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      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
        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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 07405

        Getting around

        60 / 100
        Somewhat Walkable
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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