Mid-City Duplex in New
2912 BANKS Street New Orleans, LA 70119
For Sale
$345,000
MULTI_FAMILY - New Orleans, LA
Property Size1,836 SF
Price / SF$187.91
Days on Market129
Property Features for 2912 BANKS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 105203816
- Size
- 1,836 SF
Taxes and HOA fees
- Tax Description
- SQ 628 LOT 17 BANKS
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1923
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Adrienne LaBauve
(337) 522-7554
Added: Mar 19
Changed: May 14
Last Checked: Jul 25 at 5:06AM
MLS# 2535240
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This traditional duplex is located in the heart of Mid-City in New Orleans. Each of the two units features an open living room and kitchen. The units each contain two bedrooms situated at the rear of the home. Hardwood floors and high ceilings are present throughout both units. The property includes a front porch and a spacious backyard. The location offers the convenience of a vibrant neighborhood close to shops, restaurants, Bayou St. John, and the Canal Street streetcar. This 1,836 square foot property presents an opportunity for investors or owner-occupants, including first-time homebuyers.
Key Highlights
- Prime Mid‑City location near shops, restaurants, Bayou St. John, and the Canal Street streetcar.
- Double configuration ideal for investors or owner‑occupants.
- Each unit features an open living room and kitchen with two bedrooms.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $33.2k | $18.09 |
| − OpEx | −$10.0k | −$5.43 |
| NOI | $23.2k | $12.66 |
1,836 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.1K
$290.6K – $387.5K
NOI $23,248 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$305.3K
$267.1K – $356.2K
NOI $21,369 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$480.4K
$420.4K – $560.5K
NOI $33,630 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Charming duplex in vibrant Mid-City, ideal for investors.
Where is this duplex located?
The property is located at 2912 BANKS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Prime Mid‑City location near shops, restaurants, Bayou St. John, and the Canal Street streetcar.; Double configuration ideal for investors or owner‑occupants.; Each unit features an open living room and kitchen with two bedrooms.
