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$1,295,000

  • For Sale
  • Active
  • Multi-Family
  • 14 Total Beds
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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 #3998001) 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!

Full Property Details for 120 Milligan Pl

General

  • Price: $1,295,000
  • Taxes: $21,730 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3998004
  • Updated: 11/15/2025
  • Added to Site: 64 day(s) ago

Interior

  • Number of Rooms: 17
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 14

Exterior

  • Color: TAN

Location

  • County: Essex
  • Driving Directions: Prospect to Milligan

School Information

  • High School: COLUMBIA

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: Baseboard - Hotwater
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Walk-Out
  • Roof: Asphalt Shingles
  • Year Built: 1854

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 2

  • Unit Description: Bedrooms, Kitchen
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Unit Description: Bedrooms
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 9

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Dimensions: .172 AC
  • Driveway/Sidewalk: Additional Parking, Blacktop, Driveway-Shared

Financial Considerations

  • Operating Expenses: $4,194
  • Assessment Amount: $601,200
  • Land Assmt: $264,900
  • Tax Amount: $21,730
  • Tax Year: 2024

Disclosures and Reports

  • Disclosures: Yes
  • Block: 2011
  • Lot Number: 6
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 120 Milligan Pl —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 120 Milligan Pl

School District:South Orange-Maplewood School District
NameGradesDistance
South Mountain Annex
444 West South Orange Avenue, South Orange, NJ 07079
K-50.8 mi
South Orange Middle School
70 North Ridgewood Road, South Orange, NJ 07079
6-80.4 mi
Columbia Senior High School
17 Parker Avenue, Maplewood, NJ 07040
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 120 Milligan Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/14/2025
Listed
$1,295,000
32.82%
MLS
5/11/2022
Sold
$975,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 120 Milligan Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,730
10%
$866,100
—
2023
$19,687
4%
$866,100
60%
2022
$18,983
4%
$541,300
—
2021
$18,323
7%
$541,300
—
2018
$17,051
-2%
$541,300
—
2019
$17,311
4%
$541,300
—
2017
$16,629
3%
$541,300
28%
2016
$16,158
2%
$422,100
—
2015
$15,782
2%
$422,100
—
2014
$15,453
—
$422,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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120 Milligan Pl, South Orange, NJ 07079 (MLS# 3998004) is a Multi-Family property with 3 units containing 14 bedrooms and 4 full bathrooms. 120 Milligan Pl is currently listed for $1,295,000 and was received on November 14, 2025. This property is listed by Katherine "Kate" Elliott from our Maplewood Office.Want to learn more about 120 Milligan Pl? Do you have questions about finding other Multi-Family real estate for sale in South Orange? You can browse all South Orange real estate or contact a Coldwell Banker agent to request more information.

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