$1,295,000

120 Milligan Pl, South Orange Village Twp., NJ 07079

  • 14 beds |
  • 4 baths
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1854
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

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 (Approx $14,000/month) 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. Catering to a wide variety of tenants, 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 (MLS #3998001)

Listing Status:
Active
Data Last Updated:
June 17, 2026 at 10:40PM
Listing Office:
COLDWELL BANKER REALTY : 973-378-8300
MLS ID:
3998003
  • Kitchen: Eat-In Kitchen
  • Appliances: Carbon Monoxide DetectorCooktop - GasDishwasherDryerRefrigeratorWall Oven(s) - GasWasher
  • Basement: UnfinishedWalkout
  • A/C: Window A/C(s)
  • Heating: Baseboard - HotwaterGas-Natural
  • Fireplace: Fireplaces: 0
  • General: Vinyl Siding
  • Style: VictorianMulti Floor Unit
  • Parking: Parking spaces: 9
  • Roofing: Asphalt Shingle
  • County: Essex
  • Driveway: BlacktopOff-Street Parking
  • Zoning: 1619-02011-0000-00006-0000-
  • Utilities: ElectricGas-Natural
  • Water: Public Water
  • Sewer: Public Sewer

This listing courtesy of COLDWELL BANKER REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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