3918 BANKS Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
- Added:
- Jan 2, 2026
- Days on Market:
- 161
- Last Refresh:
- Jun 12 at 4:06 am
Property Features for 3918 BANKS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 105303925
- Size
- 2,531 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- SQ 752 LOT 33 BANKS 23 11X159 10 JES/FRZ OK
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Sean Gerowin License #000074860 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Jan 2, 2026
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.
HighLights
- Duplex built in 1930 with two units and multiple private entrances
- 3‑bedroom upstairs owner’s unit with hardwood floors, transoms, window trim, doors, and built‑ins
- 2‑bedroom lower rental unit with open kitchen/dining and covered outdoor front patio
- Fortified roof installed in 2025 plus new heating and cooling units for the top floor
- Central natural gas heating; cooling includes central air and window units
- Public water; fenced property with porch, covered backyard patio, and off‑street parking
Overview
Local 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 | $50.1k | $19.80 |
| − Vacancy | −$4.3k | −$1.71 |
| EGI | $45.8k | $18.09 |
| − OpEx | −$13.7k | −$5.43 |
| NOI | $32.0k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.101684
- Latitude
- 29.970595
