- For Sale $7,200,000
- Property Type Multi-Family
- Property Size 95,727 SF
- Units 133
- Lot Size 1.72 Acre
- Year Built 1957
- Date Updated May 8, 2026
Description
Discover the vibrant soul of Memphis surrounding The Pulse. This eclectic neighborhood is a playground for culture and entertainment, with iconic Beale Street just moments away. Experience the rich musical heritage with legendary venues like the historic Sun Studio and the Stax Museum of American Soul Music nearby. Indulge in the city's culinary scene at renowned barbecue joints and trendy eateries. For outdoor enthusiasts, the Memphis Zoo and Overton Park provide lush green spaces and recreational activities. With its prime location and diverse attractions, The Pulse offers an enticing investment opportunity for multifamily and high-rise investors seeking to be part of the heartbeat of Memphis.The Pulse Apartments presents a prime multifamily investment opportunity in Memphis’ growing Downtown/Medical District—a hub anchored by the VA Hospital, University of Tennessee Health Science Center, St. Jude Children’s Research Hospital, and the $13B St. Jude expansion. With over 30,000 medical jobs in the immediate area, this location ensures consistent rental demand.
The property has undergone significant recent improvements over the last few years:
100 of 128 units renovated
New elevators, chillers, and boilers
Upgraded common areas and community amenities
Additional income streams enhance NOI:
Parking lot revenue: $34,320/yr
Cell tower lease: $17,100/yr
Residents enjoy a full suite of amenities, including an outdoor pool, fitness center, pet park, resident lounge, secure gated parking, and on-site laundry facilities.
This is a rare opportunity to acquire a well-positioned asset with strong upside in one of Memphis’ most dynamic employment corridors.
SEE DOCUMENT PORTAL FOR LOAN ASSUMPTION DETAILS
Highlights
- 203 units
- 95,727 SF building
- Built in 1957
- Modernization potential
- Prime Memphis location
- Proximity to amenities
- Strong rental demand
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Contacts
Steve Woodyard
Woodyard Realty Corporation
Location
Located at 57 North Somerville Street, Memphis, TN 38104, this property is part of the Downtown Memphis neighborhood and Memphis market.
Contact Listing Broker
Steve Woodyard
Woodyard Realty Corporation