Turnkey Renovated
539-41 South Miro Street New Orleans, LA 70119
For Sale
$399,000
Turnkey, fully renovated duplex with active short-term rental permits and furnished units.
Property Size1,750 SF
Price / SF$228
Days on Market157
Property Features for 539-41 South Miro Street
General Information
- Standard status
- Active
- Size
- 1,750 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing Agency:
United Properties
(504) 621-7433
Listed By:
Liz Baer · License #995706307
(504) 621-7433
Source:
Compass
Added: Feb 16
Changed: Jul 23
Last Checked: Jul 23 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Properties
Investment Insights
Based on property information with market context.
This turnkey, fully renovated shotgun double is operating as an active commercial short-term rental and is being sold furnished. Each unit is configured as a 2-bedroom, 1-bath layout with open-concept living, granite countertops, stainless steel appliances, hardwood floors, high ceilings, and exposed brick. The property also features private decks with backyards, designed for outdoor relaxation and entertaining.
The home is described as being just minutes from Downtown and the French Quarter, near the Superdome, and only blocks from the New Orleans VA Medical Center and University Medical Center, as well as the new Trader Joe’s.
As presented, the property comes with active commercial short-term rental permits, making it a straightforward option for buyers seeking an income-producing setup that is already in operation.
The home is described as being just minutes from Downtown and the French Quarter, near the Superdome, and only blocks from the New Orleans VA Medical Center and University Medical Center, as well as the new Trader Joe’s.
As presented, the property comes with active commercial short-term rental permits, making it a straightforward option for buyers seeking an income-producing setup that is already in operation.
Key Highlights
- Turnkey, fully renovated shotgun double (duplex) with active commercial short‑term rental permits
- 4 bedrooms and 2 full bathrooms; includes two 2‑bedroom, 1‑bath units
- Central air conditioning and central heating
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.7k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $31.7k | $18.09 |
| − OpEx | −$9.5k | −$5.43 |
| NOI | $22.2k | $12.66 |
1,750 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.6K
$277.0K – $369.3K
NOI $22,159 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$291.0K
$254.6K – $339.5K
NOI $20,368 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$457.9K
$400.7K – $534.2K
NOI $32,054 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey, fully renovated duplex with active short-term rental permits and furnished units.
Where is this duplex located?
The property is located at 539-41 South Miro Street New Orleans, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Turnkey, fully renovated shotgun double (duplex) with active commercial short‑term rental permits; 4 bedrooms and 2 full bathrooms; includes two 2‑bedroom, 1‑bath units; Central air conditioning and central heating
