Northeast New Orleans St New Orleans, LA 70116

A portfolio of four multifamily properties located in New Orleans, Louisiana, is available through a bankruptcy sale. The offering includes 1,512 total units, all leased as affordable housing. Located just 15 minutes from downtown, the assets are situated within a 3-mile radius along I-10, in the East New Orleans Opportunity Zone. By bringing all 412 down units back online, a new owner can increase gross potential income by over 27% without altering the remaining 1,100 rent-ready units. Investors can use this opportunity to acquire a sizeable market share with significant upside, making this an excellent chance to establish or expand an existing portfolio. New Orleans offers a compelling environment for affordable housing investment, driven by strong demand, favorable demographics and ongoing public support. With a growing population of renters, a high percentage of cost-burdened households and limited new affordable supply, the market presents significant long-term stability. The city’s vibrant culture, diverse economy and major institutions—including universities, healthcare systems and a booming hospitality sector—continue to attract residents and workers alike, reinforcing the need for quality HUD and income-restricted housing across the metro. Deferred maintenance & capital expenditures offer upside to astute investors. The properties are well-located along I-10 Corridor with a dynamic mix of lifestyle amenities. Occupancy & rents well below market benchmarks. All properties are located within a three-mile radius.