4740 Banks Street
New Orleans, LA 70119
- 2 beds
- 3 baths
- 1,740 sqft
- $106 per sqft
- 1993 build
Mid-City Investment Opportunity | Full Renovation Needed Located on a picturesque, tree-lined stretch of Banks Street in the heart of Mid-City, this well-designed fee simple townhouse offers investors fantastic long-term investment potential. Just one block from St. Patrick Park and three blocks to the Canal Street streetcar line, this property is perfectly positioned for both convenience and lifestyle—walkable, family-friendly, and in an established neighborhood with strong demand. Inside, the layout maximizes livability with a spacious living and dining area on the main floor, plus a separate den that opens to a shady backyard and covered patio for entertaining or relaxing outdoors. Upstairs, two private ensuite bedrooms are smartly situated on opposite ends of the home for maximum privacy. All spaces will need to be renovated. For savvy investors or homeowners with vision, there's significant upside potential: The neighboring property at 4738 Banks Street is also available and offers a more move in ready opportunity or rental income. Additionally, the vacant lot at 412 S Bernadotte Street (31x60) is listed for $150,000—combine all three parcels to expand your footprint, add green space, or explore future development options. Whether you're looking to live in one and lease the other, renovate and resell, or assemble a larger Mid-City holding, this is a rare chance to plant roots in a thriving neighborhood just minutes from downtown.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated May 24, 2025
•
MLS# 2503496 —
The Building
-
Year Built:1993
-
Year Built Details:Built in 1993, and renovated in 2010
-
Building Area Total:1956
-
Building Area Source:Assessor
-
Roof:Shingle
-
Foundation:Slab
-
Patio Features:Covered
-
Levels:Two
-
Stories:2
-
Structure Type:Townhouse
Interior
-
Rooms Total:4
-
Living Area:1740
-
Living Area Source:Assessor
-
Fireplace:No
-
Fireplace Features:None
Financial & Terms
-
Home Warranty:No
Location
-
Cross Street:S BERNADOTTE STREET, S PATRICK STREET, BAUDIN STRE
The Property
-
Parcel Number:4740-BANKSST
-
Property Type:Residential
-
Property Subtype:Attached
-
Property Subtype Additional:Attached, Townhouse
-
Property Condition:Poor Condition
-
Lot Features:Corner Lot, City Lot
-
Lot Size Dimensions:26 x 75
Listing Agent
- Contact info:
- Agent phone:
- (504) 300-0700
- Office phone:
- (504) 300-0700
Taxes
-
Tax Legal Description:1. SQ 830 LOT H-1 BANKS & BERNA 2. DOTTE 26 X 75
Beds
-
Bedrooms Total:2
Baths
-
Total Baths:3
-
Full Baths:2
-
Half Baths:1
The Listing
-
Current Price:$185,000
-
Special Listing Conditions:None
Heating & Cooling
-
Heating:Central
-
Heating:Yes
-
Cooling:Central Air
-
Cooling:Yes
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
Appliances
-
Appliances:Cooktop, Dryer, Microwave, Oven, Range, Washer
The Community
-
Spa:No
-
Association:No
Parking
-
Parking Features:Driveway, Two Spaces
Monthly cost estimate

Asking price
$185,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$990
|
Taxes | N/A |
Insurance | $50 |
Utilities | $150 See report |
Total | $1,190/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/24/25
May 24, 2025
|
Listed / Active | GSREIN | $185,000 |