Multi-Family $ 545,000

4516 BANKS ST

New Orleans, LA 70119

  • 5 Beds
  • 4 Baths
    Full Baths: 4
  • 2,732 SqFt
  • 1920 Year Built
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.
Listed by Crane Realtors

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 732 sqft

    Price per Sqft $199

    MLS Listing ID 2519156

    Bedrooms 5

    Full Baths 4

    Construction Status Very Good Condition

    HOA Y/N No

    Year Built 1920

    Property Sub-Type Quadruplex

  • Location

    Province LA

    County Orleans

  • Building

    Lot Description City Lot, Rectangular Lot

    Entry Level Two

    Foundation Raised

    Sewer Public Sewer

    Water Public

    Level or Stories Two

    Construction Status Very Good Condition

  • Interior

    Heating Window Unit

    Cooling Window Unit(s)

    Fireplace No

    Laundry Common Area

  • Exterior

    Exterior Feature Balcony, Porch

    Parking Features Garage, One Space

    Pool None

    Water Access Desc Public

    Roof Type Slate

    Porch Balcony, Porch

  • Others

    Tax ID 105308305

    Special Listing Condition None

    Virtual Tour https://www.zillow.com/view-imx/50da9b46-a5c4-4bf2-abda-9a226c3899a3?wl=true&setAttribution=mls&initialViewType=pano

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