About 4516 Banks Street
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.
Features of 4516 Banks Street
| MLS® # | 2519156 |
|---|---|
| Price | $545,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,732 |
| Acres | 0.00 |
| Year Built | 1920 |
| Type | Multi-Family |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 4516 Banks Street |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70119 |
Amenities
| Parking | Garage, One Space |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Window Unit |
|---|---|
| Cooling | WindowUnits |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Wood Siding |
|---|---|
| Exterior Features | Balcony, Porch |
| Lot Description | City Lot, Rectangular Lot |
| Roof | Slate |
| Construction | Wood Siding |
| Foundation | Raised |
Additional Information
| Days on Market | 59 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| Listing Provided By | Crane Realtors |