Excellent Mid-City investment opportunity on a lovely, oak-lined stretch of Banks Street. Located two blocks from the thriving and expanding BioDistrict New Orleans, one block from the new Trader Joe’s, and minutes to Downtown and the French Quarter. This renovated 5-bedroom, 2.5-bath property is commercially zoned MU-1 and currently operates as a successful Commercial Short-Term Rental (CSTR), generating approximately $85,000 annually. An active, transferable CSTR permit is in place. Renovated three years ago, the home features new Hardie siding, recent foundation and pier work, durable and low maintenance vinyl plank flooring, and an inviting backyard complete with a hot tub and fire pit.
Link to AirBnb listing: https://www.airbnb.com/rooms/1502298458211171176?viralityEntryPoint=1&s=76&source_impression_id=p3_1775841129_P3Wb8CrS5r8EUzwG&scroll_to_review=1632845323869448496
Active
Price cut: $15K (5/19)
$459,999
2614 Banks St, New Orleans, LA 70119
5beds
1,627sqft
Single Family Residence
Built in 1926
2,291 Square Feet Lot
$446,100 Zestimate®
$283/sqft
$-- HOA
What's special
Inviting backyardNew hardie siding
- 103 days |
- 72 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Baxter Stewart 504-251-3498,
Collab Realty, LLC 504-920-2970
Source: GSREIN,MLS#: 2550563
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Description: Flooring: Laminate,Simulated Wood
- Level: Second
- Dimensions: 10.5x15.5
Bedroom
- Description: Flooring: Laminate,Simulated Wood
- Level: First
- Dimensions: 10.5x12.8
Bedroom
- Description: Flooring: Laminate,Simulated Wood
- Level: First
- Dimensions: 10x11.8
Bedroom
- Description: Flooring: Laminate,Simulated Wood
- Level: Second
- Dimensions: 10x10.3
Bedroom
- Description: Flooring: Laminate,Simulated Wood
- Level: Second
- Dimensions: 10x11.8
Bathroom
- Description: Flooring: Tile
- Level: First
- Dimensions: 5x8
Bathroom
- Description: Flooring: Tile
- Level: Second
- Dimensions: 5x8.6
Dining room
- Description: Flooring: Laminate,Simulated Wood
- Level: Second
- Dimensions: 7.8x8.3
Half bath
- Description: Flooring: Tile
- Level: First
- Dimensions: 2.5x6
Kitchen
- Description: Flooring: Laminate,Simulated Wood
- Level: Second
- Dimensions: 12.2x19.3
Living room
- Description: Flooring: Laminate,Simulated Wood
- Level: First
- Dimensions: 11.8x15.5
Patio
- Description: Flooring: Wood
- Level: First
- Dimensions: 9x9.5
Porch
- Description: Flooring: Wood
- Level: First
- Dimensions: 4x8.4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Oven, Range
Features
- Ceiling Fan(s)
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,746
- Total interior livable area: 1,627 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Off Street, One Space
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Oversized, Wood, Patio
- Exterior features: Patio
- Has spa: Yes
Lot
- Size: 2,291 Square Feet
- Dimensions: 22 x 100
- Features: City Lot, Rectangular Lot
Details
- Parcel number: 105202304
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Foundation: Raised
- Roof: Shingle
Condition
- Excellent
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $283/sqft
- Tax assessed value: $322,000
- Annual tax amount: $4,250
- Date on market: 4/8/2026
Estimated market value
$446,100
$424,000 - $468,000
$4,523/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Listing removed | $6,800$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/19/2026 | Price change | $459,999-3.2%$283/sqft |
Source:  GSREIN #2550563 Report a problem | ||
| 4/9/2026 | Listed for sale | $475,000+37.7%$292/sqft |
Source: GSREIN #2550563 Report a problem | ||
| 3/18/2026 | Price change | $6,800-2.9%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2026 | Listed for rent | $7,000$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/1/2023 | Sold | -- |
Source:  ROAM MLS #2023004187 Report a problem | ||
| 3/30/2023 | Pending sale | $345,000$212/sqft |
Source: ROAM MLS #2023004187 Report a problem | ||
| 3/17/2023 | Listed for sale | $345,000$212/sqft |
Source: ROAM MLS #2023004187 Report a problem | ||
| 7/17/2017 | Sold | -- |
Source: Public Record Report a problem | ||
| 6/30/2004 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $4,250 | $32,200 |
| 2025 | $4,250 -1.5% | $32,200 |
| 2024 | $4,314 +119.8% | $32,200 +130.8% |
| 2023 | $1,963 +4.2% | $13,950 +4.2% |
| 2022 | $1,884 -6.2% | $13,390 -4% |
| 2021 | $2,008 -1% | $13,950 |
| 2020 | $2,028 +79% | $13,950 +86% |
| 2019 | $1,133 | $7,500 |
| 2018 | $1,133 | $7,500 |
| 2017 | $1,133 -1.9% | $7,500 |
| 2016 | $1,156 +1.5% | $7,500 |
| 2015 | $1,138 | $7,500 +365.8% |
| 2014 | $1,138 | $1,610 |
| 2011 | -- | $1,610 -74.7% |
| 2007 | -- | $6,370 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Tulane-Gravier
Nearby schools
GreatSchools rating
- 8/10Mary McLeod Bethune Elementary School of Literature & TechnologyGrades: PK-8Distance: 3 mi
- NAWarren Easton Senior High SchoolGrades: 9-12Distance: 0.5 mi
- 7/10Benjamin Franklin Elementary Math And ScienceGrades: PK-8Distance: 3.1 mi
- $254,6003 bd2 ba1.1k sqft2616 Banks St, New Orleans, LA 70119Off Market
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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