$459,999
New Orleans, LA 70119
MLS# 2550563
Status: Pending Continue to Show
5 beds | 3 baths | 1746 sqft
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Property Description
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
Details
Listing Information
Price Change Timestamp: 2026-05-19T21:48:41Z
Comp Sale YN: No
Property Sub Type: Single Family Residence
Status Change Information
Projected Closing Date: 2027-01-07
Status Change Timestamp: 2026-10-31
Purchase Contract Date: 2026-10-28
Contingency: Pending Continue to Show
Delayed Marketing: No
Address
Parish or County: Orleans
Street Number: 2614
Street Name: BANKS
Street Suffix: Street
City Limits YN: Yes
State: LA
Postal Code (Zip): 70119
Parcel Number: 105202304
Cross Street: S d'Orgenois, S Galvez, Tulane, S Broad
Contract
Current Price: $459,999
Original List Price: 475000
Status: Pending Continue to Show
Listing Contract Date: 2026-04-08
List Price: $459,999
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 282.73
Interior
Bedrooms Total: 5
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: 1
Living Area: 1627
Living Area Source: Measured
Building Area Total: 1746
Fireplace YN: No
Parking Information
Parking Total: 1
Building
Year Built: 1926
Approximate Age: 76+ Years
Year Built Source: See Remarks
Year Built Effective: 2023
Year Built Details: Exact age unknown
Property Attached YN: No
Home Warranty YN: No
Lot
Lot Size Acres: 0.0526
Lot Size Square Feet: 2291.256
Lot Size Dimensions: 22x100
Remarks
Public Remarks: 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
Utility Providers
Electric Provider: Entergy
Room Types
Bathroom Level: Second
Bedroom Level: Second
Dining Room Level: Second
Kitchen Level: Second
Living Room Level: First
Other Room Level: First
Patio Level: First
Porch Level: First
Primary Bedroom Level: Second
Property Features
Utilities: Natural Gas Not Available; Natural Gas Not Available
Appliances: Dishwasher; Microwave; Oven; Range
Architectural Style: Traditional
Construction Materials: HardiPlank Type
Cooling: Ceiling Fan(s); Central Air
Disclosures: Property As Is
Fencing: Full; Privacy; Wood
Flooring: Laminate; Tile; Wood
Foundation Details: Raised
Heating: Central
Levels: Two
Lot Features: Other
Parking Features: Driveway; Off Street
Patio And Porch Features: Patio; Patio: Oversized; Patio: Wood; Porch
Roof: Shingle
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Structure Type: House
Water Source: Public
Showing Requirements: Appointment Only; See Remarks
Room Types: Bathroom; Bedroom; Dining Room; Kitchen; Living Room; Other Room; Patio; Porch; Primary Bedroom
Room Information
| Room Name | Level | Dimensions | Remarks |
| Living Room | First | 11.8x15.5 | Ceiling Ht: 9, Flooring: Laminate Wood |
| Bedroom | First | 10.5x12.8 | Ceiling Ht: 9, Flooring: Laminate Wood |
| Bedroom | First | 10x11.8 | Ceiling Ht: 9, Flooring: Laminate Wood |
| Bedroom | Second | 10x10.3 | Ceiling Ht: 9, Flooring: Laminate Wood |
| Bedroom | Second | 10x11.8 | Ceiling Ht: 9, Flooring: Laminate Wood |
| Bathroom | First | 5x8 | Ceiling Ht: 9, Flooring: Tile |
| Bathroom | Second | 5x8.6 | Ceiling Ht: 9, Flooring: Tile |
| Other | First | 2.5x6 | Half Bath, Ceiling Ht: 9, Flooring: Tile |
| Dining Room | Second | 7.8x8.3 | Ceiling Ht: 9, Flooring: Laminate Wood |
| Kitchen | Second | 12.2x19.3 | Ceiling Ht: 9, Flooring: Laminate Wood |
| Primary Bedroom | Second | 10.5x15.5 | Ceiling Ht: 9, Flooring: Laminate Wood |
| Porch | First | 4x8.4 | Flooring: Wood |
| Patio | First | 9x9.5 | Flooring: Wood |
Listing Office: Collab Realty, LLC
Office Phone: 504-920-2970
Office Email: collab@collabrealty.com
Last Updated: October - 31 - 2026
Information deemed reliable but not guaranteed.
Broker Attribution:
504-920-2970
GUIDRY & CO. REAL ESTATE, Lafayette, LA. All offices are independently owned and operated. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana; MLS Real Estate listings held by brokerage firms other than GUIDRY & CO. REAL ESTATE are marked with the MLS approved icon for
IDX
. “Information Deemed Reliable But Not Guaranteed”. Copyright 2016 REALTOR® Association of Acadiana, All rights reserved.
Licensed & Regulated in the jurisdiction of the Louisiana Real Estate Commission, Members of the National Association of Realtors®, Louisiana Realtors®, Realtor® Association of Acadiana, Multiple Listing Service (MLS), Louisiana Commercial (www.lacdb.com), The Realtor® Commercial Alliance, Equal Housing Opportunity.