Lower Ninth Ward Build Opportunity!
📍 Near Downtown & the French Quarter | HU-RD2 Zoned Lot
Looking for your next development play or a chance to build cash flow from the ground up? This HU-RD2-zoned multifamily lot in the heart of the Lower Ninth Ward offers the rare chance to build a legal duplex just minutes from Downtown and the French Quarter.
📐 Lot Details
-
Size: 31 ft x 134 ft
-
Room for a two-story duplex or two side-by-side units with canal views
-
Zoning: HU-RD2 – legal for 2 units
💵 Rental Potential
-
Section 8 pays up to $1,750/month per 3 bed / 2 bath unit
-
Live in one unit and rent the other — or rent both for up to $3,500/month gross
-
New construction = lower maintenance + higher tenant appeal
🛠️ Easy-to-Start Development
-
Contractor/developer referrals available
-
Build approx. 2,000 ft²
-
Estimated build cost: ~$130 per ft²
🏡 Owner-Occupant Perk
Live in your brand-new unit with canal views while your tenant helps cover your mortgage.
Net cost: ~$550/month with one rented unit.
🔁 Build & Sell Option
Looking for resale profits instead?
New construction homes in the area with standard finishes are selling for $145+ per ft².
📞 Multifamily income potential this close to the French Quarter doesn’t hit the market every day. Reach out now to explore the possibilities with this Lower Ninth Ward opportunity.