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120 Milligan Pl

South Orange Village Twp., NJ 07079-1908

14 beds
4 baths
– sqft
7,405 sqft lot
1854 build
– on site

Rare Legal Boarding House in Prime South Orange - Turnkey Income Property! An exceptional investment opportunity awaits with this rare, legal boarding house, a unique designation that ensures consistent monthly income ($14,000/month with 3% increase in June) and offers flexibility to rent to individuals or groups.The 1st floor Unit 1 features 4 spacious bedrooms, a large living/dining area, and an eat-in kitchen. A private entrance makes this space ideal for groups seeking a secure and comfortable living arrangement. A separate, 1st floor studio apartment with kitchenette, full bath, and private entrance offers another excellent rental opportunity. The 2nd and 3rd floors (considered Unit 3). contain 9 individually rented bedrooms, fully occupied, with several long-term tenants and no vacancies during ownership ensuring a reliable income stream. Additional on-property amenities include shared laundry facilities and off-street parking, a highly sought-after feature in this desirable location.Situated just down the block from South Orange Village's vibrant shops and restaurants, a short distance from Seton Hall University, and adjacent to the direct train to NYC, this property is perfectly positioned for high tenant demand. Whether catering to students, commuters, or professionals, this income-generating property is a rare and valuable find in one of New Jersey's most desirable rental markets. CAN BE SOLD AS A PACKAGE with 122 MILLIGAN (COMING SOON BUT CAN BE SHOWN IMMEDIATELY)

Listing courtesy of GSMLS / KATHERINE ELLIOTT, 973-913-1006 / COLDWELL BANKER REALTY

Last checked: Checking… • Last updated Feb 19, 2025 •

MLS# 3945745 —

This home is listed in more than one place. See it here.

The Building

Construction Date/Year Built:

1854
Style:

Victorian, Multi Floor Unit
Primary Style:

Victorian
Roof Description:

Asphalt Shingle
Exterior Description:

Vinyl Siding
Color of Building:

Tan
Basement:

Yes
Possible Other Uses:

Multi-Family

Interior

# of Rooms:

17
Level 2 Rooms:

4 Or More Bedrooms, Bath Main
Level 3 Rooms:

4 Or More Bedrooms, Bath Main
Kitchen Level:

First
Kitchen Area:

Eat-In Kitchen
Living Room Level:

First
Dining Room Level:

First
Basement Level Rooms:

Laundry Room, Storage Room, Utility Room, Walkout
Basement Description:

Unfinished, Walkout
Ground Level Rooms:

4 Or More Bedrooms, Bath Main, Bath(s) Other, Dining Room, Kitchen, Living Room

Financial & Terms

Possession:

AT CLOSE

Location

Directions:

Prospect to Milligan
Latitude:

40.74381
Longitude:

-74.25738

The Property

Property Subtype:

Single Family
Approx Lot Size:

0 Sqft
Total Acres:

0 Sqft
Lot Identifier:

6
Easements:

Unknown
Assessment Land:

264900
Assess Amount Land Tax:

*

Listing Agent

Contact info:

Taxes

Tax ID:

*
Tax ID For Property:

1619-02011-0000-00006-0000-
Tax Year:

2024
Tax Year:

*
Tax Rate:

*
Tax Rate Year:

2024
Tax Rate Amount:

2.509
Tax Amount:

$21,730
Tax Amount:

$*
Lot ID Tax:

*
Lot Size Tax:

*
Acres Tax:

$*
Block ID Tax:

*
City Tax:

$*
City Code Tax:

*
County Tax:

$*
County Code Tax:

*
Zip Code Tax:

*

Beds

# of Bedrooms:

14

Baths

# of Baths:

4.00
# of Full Baths:

4

Heating & Cooling

Cooling:

Window A/C(s)
Heating:

Baseboard - Hotwater

Utilities

Utilities:

Electric, Gas-Natural
Water:

Public Water
Fuel Type:

Gas-Natural
Sewer:

Public Sewer

Appliances

Appliances:

Carbon Monoxide Detector, Cooktop - Gas, Dishwasher, Dryer, Refrigerator, Wall Oven(s) - Gas, Washer

Schools

High School:

COLUMBIA

The Community

Community Living:

No
Assessment Total:

866100
Assessment Total Tax:

*
Assessment Bldg:

601200
Assess Amount Building Tax:

*

Parking

# of Parking Spaces:

9
Parking/Driveway Description:

Blacktop, Off-Street Parking

Monthly cost estimate

Asking price

$1,450,000

Expense	Monthly cost
Mortgage	$7,764
Taxes	N/A
Insurance	$398
Utilities	N/A
Total	$8,162/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Optimum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price
2/12/25 Feb 12, 2025	Listed / Active	GSMLS	$1,450,000
4/22/24 Apr 22, 2024	Listed / Active	GSMLS
1/9/18 Jan 9, 2018	Listed / Active	GSMLS

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This house located in South Orange, South Orange Village, NJ 07079-1908 is currently for sale for $1,450,000. 120 Milligan Pl is a – square foot house with 14 beds and 4 baths that has been on Estately for 49 days. 120 Milligan Pl is in the South Orange neighborhood of South Orange Village and has a WalkScore® of 93, making it a walker’s paradise. This house is in the attendance area of Columbia High School.

Listing courtesy of GSMLS / KATHERINE ELLIOTT, 973-913-1006 / COLDWELL BANKER REALTY

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.