1932 Dicarlo Dr 1 Acre of Commercial Land Offered at $369,000 in Chalmette, LA 70043

Positioned in the heart of Chalmette, Louisiana, this St. Bernard Parish offering presents a rare combination of multifamily income, special-purpose utility, and surplus land — a multi-layered investment opportunity in one of the New Orleans metro's most actively transforming corridors. Located at 1932 DiCarlo Drive, the property sits within a submarket experiencing renewed institutional attention driven by the Louisiana International Terminal (LIT), a $1.8 billion container port under development with its first berth anticipated in 2028, poised to reshape the regional logistics and workforce housing landscape for decades to come.
St. Bernard Parish's industrial backbone — anchored by Domino Sugar, ExxonMobil Chalmette, and the emerging LIT footprint — sustains a stable base of blue-collar and trade workforce residents, creating durable demand for well-located rental housing. The parish's relatively affordable acquisition basis, combined with rising rental demand and limited new multifamily supply, positions income-producing assets here for compelling yield metrics in a market that larger institutional capital is only beginning to rediscover.
The multifamily component offers in-place rental income with potential for operational upside through repositioning, lease-up, or unit-level renovation — details subject to verification through the due diligence process. The special-purpose component introduces additional flexibility, whether retained for current use, repurposed to meet evolving workforce or service-sector needs, or evaluated for conversion feasibility. The land component adds a strategic dimension, offering future-phase development optionality, pad-site monetization, or assemblage potential in a corridor where land with infrastructure access is increasingly scarce relative to growing demand.
From a macro standpoint, the broader New Orleans East Bank remains within comfortable reach, and the property's St. Bernard address provides favorable cost-of-entry relative to Orleans Parish comparables while maintaining meaningful access to regional employment, retail services, and transportation infrastructure along the Judge Perez Drive corridor.