16 Main St #16, Butler, NJ, 07405
About This Home
Calling All Investors! An exceptional opportunity to own a fully leased mixed-use investment property in the heart of Butler's thriving Main Street business district. This income-producing asset features 2 established retail storefronts and 3 residential apartments, exclusive parking lot, offering a diversified rental portfolio with stable cash flow.The property is anchored by long-term commercial tenants, providing dependable income, while the residential units add consistent rental revenue. Located in a high-visibility, high-traffic location with excellent exposure, surrounded by local businesses, restaurants, and everyday conveniences.Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this turnkey property offers strong income potential, multiple income streams, and long-term appreciation in a desirable North Jersey market. 2 Store fronts +3 apt units, cap7%+
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1893
Materials
- Roof: Asphalt Shingle
- Construction materials: Formed Concrete,Wood,Wood Siding
Type & Style
- Home type: Apartment
- Property subType: Apartment
Interior
Basement
- Basement: None,Crawl Space
Bedrooms & Bathrooms
- Bathrooms: 2
Features
- Door features: Max Door Height: 0
Heating & Cooling
- Heating features: Baseboard - Electric,Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 4,773
- Total interior livable area: 4,773 sqft
Property
Details
- Parcel number: 2303000250000000230000
- Attached to another structure: Yes
- Zoning description: commercial
- Other equipment: Appliances
Features
- Stories: 2
Lot
- Lot size: 4,356 sqft
- Features: Corner Lot,Business District
- Lot size dimensions: 50 x 83 AVG
Parking
- Parking features: Parking Lot-Exclusive,See Remarks
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Winter Weather
- Cold Wave
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,309 | $63,708 |
| Home Insurance * | $309 | $3,708 |
| Property Taxes | $1,610 | $19,320 |
| Electricity | $526 | $6,313 |
| Total | $7,754 | $93,048 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $1,050,000 |
For Sale by Agent
View on Zillow