4516 BANKS ST new Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70119
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
Year Built 1920
Property Sub-Type Quadruplex
Property 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.
Location
State LA
County Orleans
Interior
Heating Window Unit
Cooling Window Unit(s)
Laundry Common Area
Exterior
Exterior Feature Balcony,Porch
Parking Features Garage,One Space
Pool None
Roof Type Slate
Building
Lot Description City Lot,Rectangular Lot
Foundation Raised
Sewer Public Sewer
Water Public
Others
Special Listing Condition None