120 Milligan Pl, South Orange, NJ 07079
Local realty services provided by:ERA Central Realty Group
120 Milligan Pl,South Orange Village Twp., NJ 07079
$1,450,000
- 14 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:katherine elliott
Office:coldwell banker realty
MLS#:3979742
Source:NJ_GSMLS
Price summary
- Price:$1,450,000
About this home
Rare Investment Opportunity - Legal Boarding House + Victorian Gem in Prime South Orange! Own two adjacent, income-generating properties. 120 & 122 Milligan Place offered together as a turnkey rental portfolio just steps from Seton Hall University and NYC Trains. Combined income is approx: $23,500/month. 120 Milligan (MLS #3979738) is a rare, legal boarding house, fully occupied, offering exceptional rental flexibility to individuals or groups. The first floor includes a 4-bedroom, 1 bath unit with a spacious kitchen, dining are, and private entrance. There is also a separate studio apartment with kitchenette, full bath, and its own entrance. The second and third floors contain 9 individually rental rooms with shared baths and common areas. Shared laundry and off-street parking add to the appeal.122 Milligan Place (GSMLS #3979734) is a beautifully maintained 11-bedroom, 3-bath Victorian with a wraparound porch, large yard, in-house laundry, and recent capital improvements. Current lease is $9,500/month. Both properties are ideally located near Seton Hall, and NYC Transport ensuring consistent demand from a wide variety of tenants. A rare, high-yield opportunity in one of NJ's strongest rental markets!
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Home facts
- Year built:1854
- Listing ID #:3979742
- Added:264 day(s) ago
- Updated:October 31, 2025 at 02:12 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Cooling:Wall A/C Unit(s)
- Heating:Baseboard - Hotwater
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1854
- Lot area:0.17 Acres
Schools
- High school:COLUMBIA
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,450,000
- Tax amount:$21,730 (2024)
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