Triplex with Garage
New
For Sale
$315,000
1108 N MIRO Street, New Orleans, LA 70119
Multi-Family, Traditional, New Orleans, LA
Property Size1,513 SF
Price / SF$208.20
Days on Market1
Property Features for 1108 N MIRO Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Patio and Porch features
Porch
Exterior features
Courtyard, Porch
Lot features
Regular
Standard status
Active
APN
208107025
Size
1,513 SF
Taxes and HOA fees
Tax Description
SQ 287 N MIRO ST LOT B1 66.7X33.4 1108-10-12 N MIRO ST
Legal Description
SQ 287 N MIRO ST LOT B1 66.7X33.4 1108-10-12 N MIRO ST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared laundry
garage and workshop
half bath
Building Details
Year built
1918
Floors in Building
2
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Logan Macrae · License #995705752
(504) 444-9445
Added: Oct 6
Last Checked: Oct 6 at 7:06PM
MLS# 2580428
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,513-square-foot triplex contains three occupied residential units and shared laundry facilities. A separate garage and workshop adds usable space and includes a half bath. The property was built in 1918 and has central heating and air conditioning, a porch, a courtyard, public water service, and a shingle roof.
Located at 1108 N Miro Street in New Orleans, the property is in ZIP code 70119.
Located at 1108 N Miro Street in New Orleans, the property is in ZIP code 70119.
Key Highlights
- Three‑unit residential property with all units occupied
- 1,513 square feet; built in 1918
- Garage and workshop with a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,158
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,160
$383.2K
Cap Rate 7%
$273,686
$273.7K
Cap Rate 9%
$212,867
$212.9K
Market Conditions
NOI Build-Up for 1,513 SF
Gross rent
$30.0K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.4K $18.09/SF
− OpEx
−$8.2K −$5.43/SF
NOI
$19.2K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,160
Cap Rate 7%
$273,686
Cap Rate 9%
$212,867
Alternative Uses
Best Use
Multifamily LT 5
$273.7K
$239.5K – $319.3K
NOI $19,158 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$251.6K
$220.1K – $293.5K
NOI $17,610 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,712
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences share laundry facilities and include a separate garage and workshop with a half bath.
Where is this triplex located?
The property is located at 1108 N MIRO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit residential property with all units occupied; 1,513 square feet; built in 1918; Garage and workshop with a half bath
