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Mixed-Use Duplex with Commercial Unit
For Sale
$575,000

4440 Banks Street, New Orleans, LA 70119

Corner-lot property in a historic district with commercial space below and residential quarters above.

Property Size4,916 SF
Price / SF$116.97
Days on Market158

Property Features for 4440 Banks Street

General Information

Standard status Active
Size 4,916 SF
Property subtype MULTI FAMILY FOR SALE / Townhouse
Zoning HU-RD2

Property Condition

Severity Repairs Needed
Evidence The roof of 4440 Banks St is bad.

Additional Details

Corner Location Yes

Amenities

Window Unit(s)
Natural Gas
2
1
3
Asphalt
Other
Slab: Traditional
Vinyl Siding

Building Details

Year Built 1955
Listing Agency: People's Realty, Inc.
Listed By: John Hoa Nguyen · License #000019749
Source: Compass
Added: Mar 27 Changed: Aug 31 Last Checked: Aug 31 at 1:56AM

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 People's Realty, Inc.

Investment Insights

Based on property information with market context.

This mixed-use duplex places a commercial unit on the ground floor beneath a two-bedroom residential unit with one full bathroom. The lower level includes six large rooms, a separate office-sized room, two toilets, a shower, and a kitchen. The property previously operated as a convenience store, while the upstairs provides a distinct residential component.

Located at 4440 Banks Street in New Orleans, the property occupies a corner lot within a historic district and carries HU-RD2 zoning. The zoning ordinance identifies potential uses including places of worship, historic neighborhood commercial establishments, and recreational facilities compatible with nearby residential areas. The roof requires repair, and the 1955-built property may warrant review of historic-preservation or Revival Grant programs.

Key Highlights

  • Mixed‑use duplex with commercial unit downstairs and 2‑bedroom, 1 full bath residence upstairs
  • HU‑RD2 zoning in a New Orleans historic district
  • Ground floor includes 6 large rooms plus a separate small office room

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Carpet & Flooring Store Locksmith Barber Shop Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,701
Businesses Nearby

Demographics for 70119, LA

38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner-lot property in a historic district with commercial space below and residential quarters above.
Where is this mixed-use property located?
The property is located at 4440 Banks Street New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Mixed‑use duplex with commercial unit downstairs and 2‑bedroom, 1 full bath residence upstairs; HU‑RD2 zoning in a New Orleans historic district; Ground floor includes 6 large rooms plus a separate small office room
More about this property
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