$5,047 Closing Credit¹
#2469064, Deidra Williams, Listing Office: Homesmart Realty South
$185,000 List price
4740 Banks St New Orleans, LA 70119
$2,197
Closing credit¹
2 beds
2 full, 1 partial
1,740 sqft
$106 / sqft
Townhouse
Property details
About 4740 Banks St
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.
Highlights
Home typeTownhouse
HeatingCentral
StatusActive
CoolingCentral Air
Size1,740 sqft
Year built1993
ParkingDriveway, Two Spaces
MLS #2503496
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Cooktop, Dryer, Microwave, Oven, Range, Washer
- Fireplace: None
- Total Bedroom Count: 2
- Parking: Driveway, Two Spaces
- Heating: Central
- Cooling: Central Air
- List Price: $185,000
- Price/SqFt: $106
- Annual Tax Amount: $2,018
- Tax Year: 2020
- Lot: Corner Lot, City Lot
- Year Built: 1993
- Stories: 2
- Living Area: 1,740 SqFt
- MLS Number: 2503496
- MLS Name: NOMAR
- Office Name: REVE, REALTORS
- Office Phone: (504) 300-0700
- Office Email: david.favret@reverealtors.com
- Listing Agent: Caitlin Brewster
- Agent Phone: (504) 919-5759
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Last updated on: 5/29/2025, 12:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$185,000
4740 Banks St
$2,197
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $20,030 | $- |
| 2022 | $19,120 | $- |
| 2021 | $20,030 | $- |
| 2020 | $20,030 | $2,018 |
| 2019 | $20,030 | $2,190 |
| 2018 | $20,030 | $2,247 |
| 2017 | $15,660 | $1,498 |
History based on county public records data.
Nearby schools
10
Metairie Academy for Advanced Studies
Public Magnet PK-5
1.0 mi
•201 Metairie Rd
1
Noble Minds
Public Charter KG-5
2.2 mi
•1333 S Carrollton Ave
8
Dr. John Ochsner Discovery Health Sciences Academy
Public District KG-4
2.6 mi
•2012 Jefferson Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,384. Residents of New Orleans, LA typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
27%
<35k
55%
35k-100k
16%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
64%
Single, No Kids
18%
Single, with Kids
10%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
5%
12-17 yrs old
36%
18-34 yrs old
39%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Tennis
Where do the neighbors shop?
Banana Republic
H&M
Crate & Barrel
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
BMW
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4740 Banks St
The listing price of 4740 Banks St property is $185,000.
The property 4740 Banks St is a townhouse located in New Orleans, Louisiana, 70119.
Active Listing: 4740 Banks St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4740 Banks St are: Metairie Academy for Advanced Studies (GreatSchools Rating 10/10), Noble Minds (GreatSchools Rating 1/10), Dr. John Ochsner Discovery Health Sciences Academy (GreatSchools Rating 8/10), Success Preparatory Academy (GreatSchools Rating 3/10), Morris Jeff Community School (GreatSchools Rating 4/10), Langston Hughes Charter Academy (GreatSchools Rating 4/10), Warren Easton Charter High School (GreatSchools Rating 4/10), New Harmony High Institute (GreatSchools Rating 4/10), Haynes Academy School for Advanced Studies (GreatSchools Rating 10/10).
According to the records, the last property tax for 2020 is $2,018 (source: MLS/based on county public records data).
The property at 4740 Banks St has 2 bedrooms and 2 full and 1 half bathrooms.
The property 4740 Banks St is 1,740 SqFt (source: MLS/tax record).
The year of construction for 4740 Banks St is 1993.
This home is located at 4740 Banks St in New Orleans, LA and zip code 70119 in the Mid City neighborhood. This 1,740 square foot home was built in 1993. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 24, 2025 and is currently priced at $185,000.
In April 2025 more than 40 listings in New Orleans, LA were sold above the asking price. During the same period more than 45 listings were sold at asking price, while more than 193 were sold below. In April 2025 in New Orleans, LA there were 13.8% more homes for sale than in March. Listings spent 85 days on the market in April 2025, and had a median list price of $329,697 during the same period.
From Rocket Homes Real Estate and based on county public records data.