The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire Canalside Apartments, a 46 unit multifamily community located in New Orleans, Louisiana. Built in 1985, Canalside is currently operating as an affordable asset and arrives to market with effective occupancy at 100%, offering future ownership strong in-place yields and a going in 10%+ cap rate. The next investor will have the opportunity to capitalize on further operational value-add by bringing online two down units, a measure which will add $25,000+ in annual revenue to the top line. New Orleans has proved a resilient market poised for continued growth and revitalization. With Louisiana surpassing the two million non-farm jobs milestone in the second quarter and the New Orleans metropolitan area ranking second nationally for economic development projects, the city offers immediate stability alongside substantial upside potential through ongoing infrastructure enhancements and sector diversification. Employment is projected to rise by approximately 1.44% through year-end, fueled by expansions in technology, healthcare, tourism, and advanced manufacturing, even as broader challenges like inflation and tariffs temper national trends. This momentum is further bolstered by a sharp decline in crime rates, enhancing investor confidence and positioning New Orleans as a compelling destination for capital deployment in a market with historically tight supply constraints and limited new development pipelines. Situated at the heart of the Gulf Coast's economic corridor, New Orleans benefits from proximity to major demand drivers including the Port of New Orleans, the University of New Orleans, and a thriving tourism sector amplified by events like the 2025 Super Bowl LIX, which delivered an estimated $500 million-plus economic impact through visitor spending and global visibility. The market is being offered at attractive yields based on current trends, affording investors the chance to achieve critical mass in a region where bold initiatives like the Downtown Development District's 2025 State of Downtown Report highlight increased visitation, urban improvements, and business retention. Recent capital expenditures across the city have included billions in infrastructure projects, such as the groundbreaking River District mixed-use development—featuring Class-A office space for anchors like Shell's Gulf of America headquarters—and the repurposing of the historic Charity Hospital site, yielding enhanced property values and rental premiums through modern upgrades. Canalside Apartments will be offered free and clear of existing debt. Please contact the Gulf States office of Marcus & Millichap to discuss this opportunity and other offerings across our pipeline. We look forward to speaking soon!