Back to Search

Mid City Income Producing Duplex

4312 BANKS Street, New Orleans, LA 70119

View on Map

For Sale

$507,500

MULTI_FAMILY - New Orleans, LA

Type:Manufactured Home

Property size:

2,480 SF

Price / SF:

$204/SF

HighLights

Income‑producing property with one unit currently rented.
Well‑maintained double with updates completed in 2023.
Two units, each with 3 bedrooms and 2 bathrooms.
Stainless steel appliances included: refrigerator, range/oven, microwave, and dishwasher.
Enjoy open floor plans with laminate wood flooring throughout (no carpet).
Convenient location close to popular eateries and public transportation.

We can help!

Listing Contact

Kimberly Boudreaux

For Sale

$507,500

MULTI_FAMILY - New Orleans, LA

Type:Manufactured Home

Property size:

2,480 SF

Price / SF:

$204/SF

Added:: Jan 30, 2026
Days on Market:: 133
Last Refresh:: Jun 12 at 9:06 am

Property Features for 4312 BANKS Street

General Information

Property type: Residential Multi Family
Property subtype: Manufactured Home
Exterior features: Balcony
Standard status: Active
APN: 4312-BANKSST
Size: 2,480 SF

Taxes and HOA fees

Tax Description: Lot 7, Sq 798

Utilities

Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 2009
Floors in Building: 2
Number of units: 2
Architectural style: Other

We can help!

Listing Contact

Kimberly Boudreaux

Listing agent Kimberly Boudreaux

Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA

Listing date Jan 30, 2026

MLS# 2539840 Listing URL

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

Income‑producing property with one unit currently rented.
Well‑maintained double with updates completed in 2023.
Two units, each with 3 bedrooms and 2 bathrooms.
Stainless steel appliances included: refrigerator, range/oven, microwave, and dishwasher.
Enjoy open floor plans with laminate wood flooring throughout (no carpet).
Convenient location close to popular eateries and public transportation.

Overview

This charming duplex is located in Mid City. The property is income producing, with one unit currently rented. Updates were completed in 2023. Each unit features an open floor plan with laminate wood flooring. The property has central air and heat. The units are all electric and have stainless steel appliances including a refrigerator, range/oven, microwave, and dishwasher. The property contains two separate electric meters and one water meter. The building offers a total of 6 bedrooms and 4 bathrooms, with each unit containing 3 bedrooms and 2 bathrooms. The property size is 2480 square feet. It is located in close proximity to popular eateries and public transportation.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$49.1k	$19.80
− Vacancy	−$4.2k	−$1.71
EGI	$44.9k	$18.09
− OpEx	−$13.5k	−$5.43
NOI	$31.4k	$12.66

2,480 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$448.6K

$392.5K – $523.4K (±1% cap)

NOI $31,403 @ 7.0% cap · market cap 6.19%

Second Best

Apartment 5plus

$412.3K

$360.8K – $481.1K (±1% cap)

NOI $28,864 @ 7.0% cap · market cap 5.69%

Theoretical Best

Office A

$648.9K

$567.8K – $757.1K (±1% cap)

NOI $45,426 @ 7.0% cap · market cap 8.95%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.106108
Latitude: 29.973648

Nearby Similar for Sale

$1,595,000

4,906 SF

Canal Street Automotive Investment Opportunity

Income-producing commercial property on Canal Street with long-term upside.

4243 CANAL Street, New Orleans, LA 70119

View Details
$2,199,000

3,987 SF

Mixed-Use Live/Work Building

Brand-new mixed-use building with a customizable first-floor white box and two residential units above, each with covered garage parking.

1825 SOPHIE WRIGHT Place, New Orleans, LA 70130

View Details
$215,000

3,847 SF

Gutted Warehouse with Office

Warehouse space gutted to studs with dedicated office and three full bathrooms for custom buildout.

1637 SERE Street, New Orleans, LA 70122

View Details
$575,000

1,428 SF

Historic Ground-Floor Office Space

Ground-floor office unit with 11-foot ceilings, exposed brick, storage, and a rear shared courtyard.

862 CAMP Street, New Orleans, LA 70130

View Details
$525,000

3,169 SF

Updated Duplex with Off-Street Parking

Freshly updated duplex on its own levels, with central HVAC, laundry hookups, and off-street parking.

2319 LOWERLINE Street, New Orleans, LA 70118

View Details
$565,000

2,522 SF

Turnkey New Construction Duplex

Newly built duplex with open-concept layouts, three en-suite baths per unit, and turnkey appliance package.

3107 TOULOUSE Street, New Orleans, LA 70119

View Details
$650,000

3,900 SF

Uptown New Orleans Multi-Family Property

Well-maintained 6-bedroom, 4-bath property near Tulane and Audubon Park.

2721 CALHOUN Street, New Orleans, LA 70118

View Details
$2,750,000

13,622 SF

Historic Mixed-Use Building, New Orleans

Historic 1844 building in the Warehouse District with mixed-use potential.

717 CAMP Street, New Orleans, LA 70130

View Details
$800,000

3,850 SF

Mixed-Use Commercial & Residential Property

Versatile property with restaurant, bar, retail, and residential spaces.

8009 DOWNMAN Road, New Orleans, LA 70126

View Details
$600,000

3,304 SF

Renovated Duplex in New Orleans

Luxurious, renovated duplex with income potential in New Orleans.

3905 ELYSIAN FIELDS Avenue, New Orleans, LA 70122

View Details
$2,700,000

7,626 SF

Restored Victorian Bed & Breakfast

Licensed 9-room B&B near St. Charles and Napoleon Avenues.

4117 PERRIER Street, New Orleans, LA 70115

View Details
$510,000

2,623 SF

Owner-Occupy Duplex with Sunroom

Two-bedroom, one-bath duplex with private laundry, updated kitchens, and off-street parking on a non-shotgun layout.

6727 LOUIS XIV Street, New Orleans, LA 70124

View Details

For sale
Duplexes
LA
New Orleans
70119
4312 BANKS Street

What type of property is this?

Duplex - Charming New Orleans duplex, income producing, updated in 2023.

Where is this duplex located?

The property is located at 4312 BANKS Street New Orleans, LA.

What is the asking price?

The asking price for this property is $507,500.

What are key features of this property?

This property features: Income‑producing property with one unit currently rented.; Well‑maintained double with updates completed in 2023.; Two units, each with 3 bedrooms and 2 bathrooms.

4312 BANKS Street, New Orleans, LA 70119

MULTI_FAMILY - New Orleans, LA

Property Features for 4312 BANKS Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

Owner-Occupy Duplex with Sunroom

FAQs

Create New Password