4516 BANKS Street, New Orleans, LA 70119 (MLS# NO2519156)

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
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.