We uncover a new nonergodic phase, distinct from the many-body localized (MBL) phase, in a disordered two-leg ladder of interacting hardcore bosons. The dynamics of this emergent phase, which has no single-particle analog and exists only for strong disorder and finite interaction, is determined by the many-body configuration of the initial state. Remarkably, this phase features the coexistence of localized and extended many-body states at fixed energy density and thus does not exhibit a many-body mobility edge, nor does it reduce to a model with a single-particle mobility edge in the noninteracting limit. We show that eigenstates in this phase can be described in terms of interacting emergent Ising spin degrees of freedom ("singlons") suspended in a mixture with inert charge degrees of freedom ("doublons" and "holons") and thus dub it a mobility emulsion (ME). We argue that grouping eigenstates by their doublon/holon density reveals a transition between localized and extended states that is invisible as a function of energy density. We further demonstrate that the dynamics of the system following a quench may exhibit either delocalizing or localized behavior depending on the doublon/holon density of the initial product state. Intriguingly, the ergodicity of the ME is thus tuned by the initial state of the many-body system. These results establish a new paradigm for using many-body configurations as a tool to study and control the MBL transition. The ME phase may be observable in suitably prepared cold atom optical lattices.