4740 Banks Street, New Orleans, LA

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. Schedule a Private Showing