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3101 Banks Street, New Orleans, LA, 70119
Corner Tri-Plex with Updated Units

3101 Banks Street New Orleans, LA 70119

For Sale
$435,000

Tri-plex on a corner lot with three separate Entergy meters, shared laundry for two upper units, and a renovated vacant lower unit.

Days on Market47

Property Features for 3101 Banks Street

General Information

Standard status
Active
Property subtype
Multi Family Home

Building Details

Year Built
1940
Listing Agency: Compass Uptown-Maple St
Listed By: Charlotte Link · License #995684807
Source: Nolalivingrealty
Added: Jun 8 Changed: Jul 22 Last Checked: Jul 23 at 6:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Uptown-Maple St


Investment Insights

Based on property information with market context.

This corner tri-plex offers separate utility metering with three Entergy meters. The upper two 1/1 units share laundry and have been updated, including newer window units and wall gas heaters. The units can be combined to form a larger layout with an entry foyer off Banks St. The downstairs unit was completely renovated in 2018 and is currently vacant, with in-unit laundry and a 3/2 configuration, ready for the next tenants.

A one-car driveway at the rear of the property provides off-street parking, along with a shared backyard. The roof was replaced after Ida in 2022. Most windows were replaced with energy-efficient systems in 2023.

The upper units have long-term tenants. The first showing will be for the vacant lower unit via lockbox, while access to the upper units requires at least 24 hours’ notice and will be scheduled as a second showing for very interested buyers.

Key Highlights

  • Large tri‑plex on a corner lot on Banks St in Mid City
  • Roof replaced post Ida (2022) and most windows replaced with energy efficient systems (2023)
  • Three separate Entergy meters; shared laundry serves the two upper 1/1 units

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

(Bike/Boat/Book/etc) Store Home Appliance Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Triplex - Tri-plex on a corner lot with three separate Entergy meters, shared laundry for two upper units, and a renovated vacant lower unit.
Where is this triplex located?
The property is located at 3101 Banks Street New Orleans, LA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Large tri‑plex on a corner lot on Banks St in Mid City; Roof replaced post Ida (2022) and most windows replaced with energy efficient systems (2023); Three separate Entergy meters; shared laundry serves the two upper 1/1 units
More about this property
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