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    4516 Banks St New Orleans, LA 70119

    For Sale
    $545,000

    Raised Basement, 4 Plex - New Orleans, LA

    Property size:
    2,732 SF
    Days on Market:
    102
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 4516 Banks St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry
    Parking features
    Garage
    Patio and Porch features
    Porch
    EntryLevel
    2
    Exterior features
    Balcony, Porch
    Size
    2,732 SF

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Floors in Building
    2
    Number of units
    4
    Building materials
    Wood Siding
    Roof type
    Slate
    Architectural style
    Other

    Crane Real Estate Brokers (504) 899-8666 [email protected]

    Listing agent Aaron Dare (504) 210-2014

    Listing date Sep 5, 2025

    MLS# 2519156 Listing URL

    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mid-City Fourplex with Modern Updates

    Located in the heart of Mid-City on a quiet block, this fourplex combines historic charm with modern updates, presenting a strong investment opportunity. The property includes two units upstairs and two units downstairs, each featuring a private entrance, allowing for versatile rental strategies. The upper right unit is spacious and filled with natural light, while the upstairs studio offers flexible living space. One of the downstairs units has been fully renovated with updated finishes and a functional, efficient layout. Original architectural details, such as high ceilings, transom windows, and period millwork, enhance the property’s character, blending seamlessly with modern updates. Additional features include off-street parking, garage access, and a shared courtyard space. The property's Mid-City location provides convenient access to City Park, the Canal Street streetcar, and nearby restaurants, shops, and entertainment. The property size is 2732 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kim Carson Performing Arts Group

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1079412
    Latitude
    29.9750338

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    FAQs

    What type of property is this?
    Quadplex - Classic fourplex in Mid-City, New Orleans with investment potential.
    Where is this quadplex located?
    The property is located at 4516 Banks St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - Prime Mid-City location with easy access to City Park, Canal Street streetcar, restaurants, shops, and entertainment.; - Versatile fourplex with strong rental income potential.; - Each unit has a private entrance.
    (504) 210-2014
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4516 Banks St New Orleans, LA 70119
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