3101 Banks Street New Orleans, LA $ 435,000
3101 Banks Street
$ 435,000
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3101 Banks Street

New Orleans, LA, 70119
$ 435,000
Bedrooms5 Baths4.0 Sq 3,221

Monthly Estimate*

$ 2,678

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Multi-Family Home for sale in New Orleans, LA

for $435,000 with 5 bedrooms and 4 full baths. This 3,221 square foot home was built in 1940 on a lot size of 0.0701.

Large tri-plex on a corner lot in vibrant Mid City, on tree lined Banks St. Roof was replaced post Ida (2022), and most windows were replaced with energy efficient systems in 2023. Three separate Entergy meters, and shared laundry for upper two 1/1 units, which have been updated with newer WUs and wall gas heaters, and offer oodles of NOLA character; they can be combined to form one large unit with an entry foyer off Banks St. Downstairs unit was completely renovated in 2018, a 3/2 with in-unit laundry. One car driveway at rear of property, plus shared backyard. Close to City Park, restaurants and cafes, and the medical center corridor. Upper units have long term tenants; lower unit is vacant but ready for it’s next tenants. First showing will be for the vacant lower unit, on lockbox; the upper units require minimum 24 hours notice for the tenants, and will be only shown on a second showing to very interested buyers.

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Multi-Family Active

Price

$ 435,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.0701

Year Built

1940

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2559698

Features
General
Sewer Public Sewer
Heating Central Gas
Cooling Central Air Window Unit(s)
Roof Shingle
Architectural Style Traditional
Pool Features None
Construction Materials Vinyl Siding
Year Built 1940
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Triplex
County Orleans
Property Type Residential Income
Energy Efficient Windows
Full Baths 4
Status Active
Directions From Canal St heading towards the River turn right on Norman Francis and left on Banks; go 3 blocks property will be on your left at the corner.
City New Orleans
Number Of Units Total 3
Elementary School Morris Jeff
Year Built Details The tri-plex was originally built in 1940; the downstairs was completely renovated in '18. Upstairs has had several upgrades (appliances) and hardwood flooring but could use some TLC.
Home Warranty Y/N 0
Middle/Junior High School Morris Jeff
Property Condition Very Good Condition
Standard Status Active
Property Sub Type Additional Triplex
Legal Description SQ 655 BANKS ST AND S SALCEDO ST LOT F 28 8X100 6
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Exterior
Parking Features Driveway One Space
Lot Features Corner Lot City Lot
Water Source Public
Lot Size Area 0.0701
Foundation Details Slab
Lot Dimensions 29' x 101'
Lot Size Acres 0.0701
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Half Baths 0
Total Bedrooms 5
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* Excluded Features
List By
Compass Uptown-Maple St

Broker

charlotte.link@compass.com

Email

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$2,678
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Monthly Principal & Interest
$2,678
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Default based on a 30-year fixed rate of 6.25% 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
5492038 Elementary School
5492037 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/8/2026$435,000 Listed Price

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3101 Banks Street, New Orleans, LA, 70119 is a Multi-Family Home for sale at $435,000 with 3,221 sqft and a lot size of 0.0701. 3101 Banks Street has 5 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 70119 which is in New Orleans, LA