About 122 Milligan Place
Prime Income Property in the Heart of South Orange - Steps from Seton Hall! Discover an exceptional investment opportunity with this stunning Victorian home in the heart of South Orange. Boasting 11 bedrooms and 3 full baths and in house laundry, this expansive property offers a unique blend of historic charm and modern convenience, perfect for generating significant passive income.The home features a wrap-around front porch, ideal for relaxation, and ample yard space, adding to its appeal. Inside, spacious rooms provide comfortable living arrangements, making it a sought-after rental property. Recent capital improvements ensure long-term value and minimal maintenance concerns for the next owner. With its most recent lease at $9,500/month, this property presents strong, consistent rental income. Its prime location just blocks from Seton Hall University ensures steady demand from prospective renters. Additionally, the home is conveniently situated near shops, restaurants, NYC transportation, and all that South Orange has to offer. Whether you're an investor looking for a high-yield asset or someone seeking a turn-key rental property in a thriving community, this Victorian gem is not to be missed. Preference is to sell with 120 Milligan MLS#3979738
Features of 122 Milligan Place
| MLS® # | 3979734 |
|---|---|
| Price | $1,150,000 |
| Bedrooms | 11 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Acres | 0.16 |
| Year Built | 1873 |
| Type | Residential |
| Sub-Type | Single Family |
| Style | Victorian |
| Status | Active |
Community Information
| Address | 122 Milligan Place |
|---|---|
| City | South Orange Village Twp. |
| County | Essex |
| State | NJ |
| Zip Code | 07079-1908 |
Amenities
| Utilities | Electric, Gas-Natural |
|---|---|
| Parking | None |
Interior
| Interior | Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector |
|---|---|
| Appliances | Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Washer |
| Heating | Gas-Natural |
| Cooling | Window A/C(s) |
| Fireplace | Yes |
| # of Fireplaces | 4 |
| Fireplaces | Non-Functional |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior | Wood |
|---|---|
| Exterior Features | Open Porch(es) |
| Roof | Asphalt Shingle |
School Information
| High | COLUMBIA |
|---|
Additional Information
| Date Listed | August 6th, 2025 |
|---|---|
| HOA Fees | 0.00 |
Listing Details
| Office | COLDWELL BANKER REALTY |
|---|---|
| Contact Info | 646-662-6655 |