2614 Banks St, New Orleans, LA, 70119
About This Home
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
Getting Around
Very Walkable
Excellent Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Excellent
- Year built: 1926
Materials
- Foundation: Raised
- Roof: Shingle
- Construction materials: HardiPlank Type
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Oven,Range
Bathroom
- Level: First
- Dimensions: 5x8
Bathroom
- Level: Second
- Dimensions: 5x8.6
Bedroom
- Level: First
- Dimensions: 10.5x12.8
Bedroom
- Level: First
- Dimensions: 10x11.8
Bedroom
- Level: Second
- Dimensions: 10x10.3
Bedroom
- Level: Second
- Dimensions: 10x11.8
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Dining Room
- Level: Second
- Dimensions: 7.8x8.3
Features
- Ceiling Fan(s)
- Fireplace features: None
Half Bath
- Level: First
- Dimensions: 2.5x6
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,746
- Total interior livable area: 1,627 sqft
Kitchen
- Level: Second
- Dimensions: 12.2x19.3
Living Room
- Level: First
- Dimensions: 11.8x15.5
Master Bedroom
- Level: Second
- Dimensions: 10.5x15.5
Patio
- Level: First
- Dimensions: 9x9.5
Porch
- Level: First
- Dimensions: 4x8.4
Property
Details
- Parcel number: 105202304
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Oversized,Wood,Patio
- Exterior features: Patio
- Has spa: Yes
Lot
- Lot size: 2,291 sqft
- Features: City Lot,Rectangular Lot
- Lot size dimensions: 22 x 100
Parking
- Total spaces: 1
- Parking features: Driveway,Off Street,One Space
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Cold Wave
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Louisiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,326 | $27,912 |
| Home Insurance * | $508 | $6,096 |
| Property Taxes | $325 | $3,900 |
| Electricity | $147 | $1,773 |
| Total | $3,306 | $39,672 |
Income You'd Need if You Spent...
Louisiana FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-09 | Listed for sale | $475,000 |
| 2026-03-18 | Price change | $6,800 |
| 2026-03-09 | Listed for rent | $7,000 |
| 2023-05-01 | Sold | -- |
| 2023-03-30 | Pending sale | $345,000 |
| 2023-03-17 | Listed for sale | $345,000 |
| 2017-07-17 | Sold | -- |
| 2004-06-30 | Sold | -- |
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