🕵️♂️10 Units for $95K? Here's the Catch
Bank foreclosure needs zoning variance but infrastructure already in place
This week's opportunities include a 10-unit zoning violation building at $43/sqft pricing.
Plus a 2011 duplex with multiple offers competing at $34/sqft.
Also a Craftsman shotgun double with oversized lot expansion potential.
And a brick duplex priced $105K below 2023 peak value.
Free readers get the massive markdown foreclosure breakdown.
Paid subscribers get all 4 distressed property deals
Passive Cash-Flowing Properties
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Distressed Deals of The Week
💥 Massive Markdown
$94,900 ask on 2,184 sqft = $43/sqft pricing Massive 10-unit conversion with serious zoning violations.
80% below 2021 peak = instant equity opportunity for variance-savvy investors.
⚔️ Bidding Battle
Upper Ninth Ward duplex meets multiple-offer competition.
2011 construction + modern amenities + $34/sqft = turnkey rental goldmine for cash buyers.
🏛️ Craftsman Classic
Historic shotgun double with authentic 1930s architectural details.
Deep lot expansion potential + $30/sqft pricing = ADU development opportunity for preservation specialists.
🎯 Developer's Dream
1948 brick duplex on massive 7,316 sqft lot drops $105K since 2023.
Camelback configuration + subdivision potential = triple your door count for construction loan buyers.
1825 Duels St, New Orleans, LA 70119
$94,900 | 10 beds | Multi-family | 2,184 sqft
🏚️ Bank-owned foreclosure in New Orleans 7th Ward.
Converted 10-unit building (originally duplex) with major zoning violations.
Ground floor below grade and unusable, upper 5 units unpermitted. At $94.9K ask with no Zestimate available, this is priced at $43/sqft.
💡 Pro Tip:
Historic low: Listed at $470K in 2021, now 80% below peak pricing
Zoning variance potential for affordable housing units in this area
Prime location near Historic St Augustine School and Treme gateway
10 full bathrooms already installed = significant plumbing infrastructure
💰 Financial Snapshot
Est. Market Value: No Zestimate available
Current Ask: $94,900
Peak Listing: $470,000 (2021)
Layout: 10 bed/10 bath (currently configured)
Building Size: 2,184 sqft (upper level only)
Lot Size: 4,769 sqft
Year Built: 1940
Price per Sq Ft: $43
Rent Zestimate: Not available
Gross Yield: TBD
Annual Taxes: $5,928
⚠️ Heads Up
Major zoning violation - converted without permits
Ground floor completely unusable (below grade)
Only zoned for 2 units, currently has 10
Poor condition noted
🏆 Best For:
Experienced developers with zoning/permitting expertise
Investors comfortable with city variance processes
Cash buyers who can navigate regulatory complexity
Why it works:
Massive discount from peak - potential 5x upside if zoning resolved.
Infrastructure already in place (10 baths, separate meters).
Affordable housing variance potential could unlock significant value.