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4516 Banks Street New Orleans, LA $ 545,000
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$ 545,000 Get more info
4516 Banks Street
$ 545,000
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4516 Banks Street

New Orleans, LA, 70119
$ 545,000
Bedrooms5 Baths4.0 Sq 2,732

Monthly Estimate*

$ 3,400

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Multi-Family Home for sale in New Orleans, LA

for $545,000 with 5 bedrooms and 4 full baths. This 2,732 square foot home was built in 1920.

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.

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Multi-Family Active

Price

$ 545,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Year Built

1920

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2519156
Features
General
Sewer Public Sewer
Heating Window Unit
Cooling Window Unit(s)
Roof Slate
Patio/Porch Features Balcony Porch
Pool Features None
Construction Materials Wood Siding
Year Built 1920
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Quadruplex
County Orleans
Property Type Residential Income
Garage Y/N 1
Total Rooms 14
Full Baths 4
Status Active
City New Orleans
Number Of Units Total 4
Home Warranty Y/N 0
Property Condition Very Good Condition
Virtual Tour https://www.zillow.com/view-imx/50da9b46-a5c4-4bf2-abda-9a226c3899a3?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Active
Property Sub Type Additional Quadruplex
Legal Description SQ 815 LOT 6 BANKS 31 5X116
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Exterior
Exterior Amenities Balcony Porch
Parking Features Garage One Space
Lot Features City Lot Rectangular Lot
Water Source Public
Foundation Details Raised
Lot Dimensions 31'5 x 116'
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Half Baths 0
Laundry Features Common Area
Total Bedrooms 5
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* Excluded Features
List By
Crane Realtors

Broker

aaron@cranenola.com

Email

Affordability Calculator

$3,400
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,400
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
476401 Elementary School
475975 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/5/2025$545,000 Listed Price

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4516 Banks Street, New Orleans, LA, 70119 is a Multi-Family Home for sale at $545,000 with 2,732 sqft. 4516 Banks Street has 5 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 70119 which is in New Orleans, LA

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