4516 BANKS Street, New Orleans, LA 70119
$545,000
Property Type:
MultiFamily
Square Footage:
2,732
Status:
Active
Current Price:
$545,000
List Date:
9/05/2025
Last Modified:
12/13/2025
Description
Located on a quiet block in the heart of Mid-City, this classic raised fourplex combines historic charm, modern updates, and strong investment potential. The property features two units upstairs and two units downstairs, each with its own private entrance, creating a versatile setup for a variety of rental strategies. The upper right unit is spacious and filled with natural light, while the upstairs studio offers flexible living space. Of the two downstairs units, one has been fully renovated with updated finishes and a functional, efficient layout. Original architectural details, including high ceilings, transom windows, and period millwork, add to the property's character while blending seamlessly with modern updates. Additional highlights include off-street parking, garage access, and a shared courtyard space. Its prime Mid-City location provides easy access to City Park, the Canal Street streetcar, and nearby restaurants, shops, and entertainment. This property presents an opportunity to own a versatile multi-unit investment with excellent rental income potential.
Supplements: ********
More Information MLS# NO2519156
Listing Info
Delayed Marketing: No
List Price/SqFt: 199.49
Document Modified: 2025-09-05 12:02:15.880039
Status: Active
Listing Date: 2025-09-05
Listing Price: 545000
Current Price: $545,000
Modification Timestamp: 2025-12-13T19:01:25Z
Photo Modified: 2025-09-05T16:57:18Z
Location, Tax & Legal Info
Legal Desc: SQ 815 LOT 6 BANKS 31 5X116
General Property Description
Lot Dimensions: 31'5" x 116'
Stories: 2
SqFt - Total: 2732
SqFt - Source: Measured
Individual Metered?: No
Number of Units: 4
Remarks & Misc
Remarks: Located on a quiet block in the heart of Mid-City, this classic raised fourplex combines historic charm, modern updates, and strong investment potential. The property features two units upstairs and two units downstairs, each with its own private entrance, creating a versatile setup for a variety of rental strategies. The upper right unit is spacious and filled with natural light, while the upstairs studio offers flexible living space. Of the two downstairs units, one has been fully renovated with updated finishes and a functional, efficient layout. Original architectural details, including high ceilings, transom windows, and period millwork, add to the property's character while blending seamlessly with modern updates. Additional highlights include off-street parking, garage access, and a shared courtyard space. Its prime Mid-City location provides easy access to City Park, the Canal Street streetcar, and nearby restaurants, shops, and entertainment. This property presents an opportunity to own a versatile multi-unit investment with excellent rental income potential.
Office/Member/Contract Info
List AOR: NOMAR
Siding
Wood: 1
Parking
Garage: 1
Foundation
Piers: 1
Exterior
Balcony: 1
Patio
Porch: 1
Roof
Slate: 1
Heating
Other: 1
Cooling
Window Units: 1
Financing
Lease Purchase: 1
Owner Finance: 1
Owner Pays
Water: 1
Tenant Pays
Electric: 1
Gas: 1
Originating Details
Originating System ID: ROAMM
Originating System Key: 52282536
Originating System Listing ID: 2519156
Originating System Name: ROAM Matrix
Location Tax Legal Info
Street Number: 4516
Street Name: BANKS Street
Parish: Orleans
State: LA
Zip Code: 70119
Tax Assessment Number: 105308305
Directions: Bounding Streets: Baudin St, Palmyra St, S. Murat St, S. Olympia St
Property Features
Siding: Wood
Parking: Garage
Foundation: Piers
Roof: Slate
Heating: Other
Cooling: Window Units
Exterior: Balcony
Owner Pays: Water
Tenant Pays: Electric; Gas
Financing: Lease Purchase; Owner Finance
Documents
Listing Office:
Crane Realtors
IDX
Last Updated: December - 13 - 2025
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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