Triplex with Garage
For Sale
$315,000
1108 N MIRO Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,513 SF
Price / SF$208.20
Days on Market18
Property Features for 1108 N MIRO Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Standard status
Active
APN
208107025
Size
1,513 SF
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared laundry facilities
garage and workshop space
Building Details
Year built
1918
Number of units
3
Building materials
Wood Siding
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Logan D Macrae · License #995705752
(504) 444-9445
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2580428
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,513-square-foot triplex was built in 1918 and is fully occupied. The property includes a garage and workshop with a half bath, shared laundry, and a porch. Central heating and central air serve the building; public water and sewer are available, with natural gas also available.
Located at 1108 N Miro Street in New Orleans, the property has wood siding. Tenants are responsible for utilities.
Located at 1108 N Miro Street in New Orleans, the property has wood siding. Tenants are responsible for utilities.
Key Highlights
- Fully occupied three‑unit property
- 1,513 square feet; built in 1918
- Garage and workshop space 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Shared laundry and a separate garage/workshop with a half bath add functional space.
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: Fully occupied three‑unit property; 1,513 square feet; built in 1918; Garage and workshop space with a half bath
