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  1. Commercial Properties
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  3. Memphis

The Pulse

For Sale

57 North Somerville Street, Memphis, TN 38104

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

Key features

  • 203 units
  • 95,727 SF building
  • Built in 1957
  • Modernization potential
  • Prime Memphis location
  • Proximity to amenities
  • Strong rental demand

Building Details

  • For Sale $7,200,000
  • Property Type Multi-Family
  • Property Size 95,727 SF
  • Units 133
  • Lot Size 1.72 Acre
  • Additional Rent Price on request
  • Year Built 1957
  • Date Updated Aug 21, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
Steve Woodyard

Woodyard Realty Corporation

Location

  • City Memphis, TN
  • Neighborhood Downtown Memphis
  • Zip Code 38104
  • Market Memphis
  • Map
  • Street
  • Walk score 62/100 Somewhat Walkable
  • Transit score 42/100 Some Transit
  • Bike score 62/100 Bikeable
Powered by Walk Score ®

Points of Interest

Pauline

0.21 miles

Dunlap

0.39 miles

Cleveland Street

0.50 miles

Orleans

0.67 miles

Danny Thomas

1.00 miles

Third Street

1.33 miles

Civic Center Plaza

1.54 miles

Jefferson

1.55 miles

North Court

1.55 miles

South Court

1.56 miles

Valero

0.57 miles

BP

0.57 miles

Exxon

0.63 miles

Kroger

0.71 miles

Citgo

0.76 miles

Shell

1.20 miles

K Circle

1.47 miles

ChargePoint

7.68 miles

Tesla Supercharger

9.90 miles

Pauline Garage

0.08 miles

Associate Parking Garage

0.50 miles

MUH Parking Garage

0.58 miles

POB Parking Garage

0.66 miles

Crosstown Concourse Parking Garage

0.90 miles

St. Jude Parking Garage 1

1.14 miles

Metropolis

1.22 miles

St. Jude Parking Garage 3

1.26 miles

One Memphis Place Garage

1.34 miles

St. Jude Parking Garage 2

1.39 miles

Enterprise

1.00 miles

BP

2.02 miles

Sunshine Carwash

2.78 miles

Skrubbs Car Wash

5.43 miles

Exxon Hop In

5.59 miles

Avis

5.61 miles

USA Express

5.95 miles

Take 5 Car Wash

6.24 miles

Blue Beacon

6.32 miles

Memphis Airport Car Rental Facility

6.93 miles

Church's Chicken

0.32 miles

Arby's

0.34 miles

McDonald's

0.41 miles

Tops Bar-B-Q

0.49 miles

The Copper Spoon

0.50 miles

University Café

0.55 miles

Burger King

0.55 miles

Soul Haven

0.57 miles

Popeyes

0.64 miles

Jack Pirtle's Chicken

0.64 miles

Viet Hoa Food Market

0.56 miles

Kroger

0.66 miles

Cash Saver

1.07 miles

Peabody Place

1.50 miles

Cordelia's Market

2.09 miles

The Fresh Market

2.11 miles

Superlo Foods

3.27 miles

ALDI

4.81 miles

High Point Terrace Shopping Center

4.98 miles

High Point Grocery

4.98 miles

Memphis Fire Department

0.09 miles

Memphis VA Medical Center

0.18 miles

Hamilton Eye Institute

0.25 miles

Regional Medical Center

0.28 miles

Outpatient Center

0.36 miles

Le Bonheur Children's Hospital

0.37 miles

Van Vleet Memorial Cancer Center

0.46 miles

Methodist Central Hospital

0.50 miles

Outpatient Pharmacy

0.51 miles

Satellite Healthcare Poplar Avenue

0.56 miles

Listing Summary

  • What is the asking price at The Pulse?

    The Pulse is currently listed for sale at Price on request.

  • What is the total size of The Pulse?

    The Pulse has a total of 95,727 square feet.

  • What is the year built for The Pulse?

    The year built for The Pulse is 1957.

Contact Steve Woodyard
broker
Steve Woodyard

Woodyard Realty Corporation

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