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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#3998004

Source: Garden State MLS, MLS#: 3998001

Listing provided courtesy of COLDWELL BANKER REALTY- MLS# 3998001MLS ProviderContact Information: 646-662-6655
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  • Property Type
    Residential

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 122 Milligan Pl


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/19/2026Source: Garden State MLS Status Change
Under Contract
11/15/2025Source: Garden State MLS Added to Database
November 15, 2025