122 Milligan Place South Orange, NJ 07079
Estimated payment $7,848/month
Highlights
- Wood Flooring
- 4-minute walk to South Orange
- 4 Fireplaces
- South Mountain Elementary School Rated A-
- Victorian Architecture
- 4-minute walk to Spiotta Park
About This Home
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
Listing Agent
COLDWELL BANKER REALTY Brokerage Phone: 646-662-6655 Listed on: 08/06/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,562
Year Built
- Built in 1873
Home Design
- Victorian Architecture
- Wood Siding
Interior Spaces
- High Ceiling
- 4 Fireplaces
- Entrance Foyer
- Formal Dining Room
- Storage Room
- Utility Room
- Unfinished Basement
Kitchen
- Eat-In Kitchen
- Butlers Pantry
- Gas Oven or Range
- Dishwasher
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 11 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Schools
- Columbia High School
Utilities
- Window Unit Cooling System
- Standard Electricity
Additional Features
- Accessible Bedroom
- Porch
- 6,970 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 1619-02011-0000-00007-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,487 | $779,700 | $248,300 | $531,400 |
| 2024 | $16,487 | $779,700 | $248,300 | $531,400 |
| 2022 | $15,897 | $453,300 | $187,100 | $266,200 |
| 2021 | $15,344 | $453,300 | $187,100 | $266,200 |
| 2020 | $14,868 | $453,300 | $187,100 | $266,200 |
| 2019 | $14,497 | $453,300 | $187,100 | $266,200 |
| 2018 | $14,279 | $453,300 | $187,100 | $266,200 |
| 2017 | $13,925 | $453,300 | $187,100 | $266,200 |
| 2016 | $13,926 | $363,800 | $134,500 | $229,300 |
| 2015 | $13,602 | $363,800 | $134,500 | $229,300 |
| 2014 | $13,319 | $363,800 | $134,500 | $229,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $1,150,000 | +76.9% | -- |
| 05/04/2022 05/04/22 | Sold | $650,000 | 0.0% | $182 / Sq Ft |
| 01/07/2022 01/07/22 | Pending | -- | -- | -- |
| 01/01/2022 01/01/22 | Off Market | $650,000 | -- | -- |
| 11/18/2020 11/18/20 | For Sale | $799,000 | -- | $224 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $450,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $456,000 | Negative Amortization | |
| Closed | $405,000 | Balloon |
Source: Garden State MLS
MLS Number: 3979734
APN: 19-02011-0000-00007
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