Renovated Multifamily Apartment
57 North Somerville Street Memphis, TN 38104
57 North Somerville Street, Memphis, TN, 38104
$7,200,000
For Sale
$7,200,000
Apartment building with 128 units, including 100 recently renovated and updated common areas plus mechanical upgrades.
Days on Market69
Property Features for 57 North Somerville Street
General Information
- Standard status
- Active
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1957
Listing agency
Woodyard Realty Corporation
(901) 767-1998
Listed by
Steve Woodyard · License ##217464
Source
Commercialcafe
Added: May 15 Updated: Jul 22 at 12:07AM Checked: Jul 22 at 12:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Woodyard Realty Corporation
Investment Insights
Based on property information with market context.
This multifamily apartment building contains 128 units, with 100 units recently renovated. Recent upgrades also include new elevators and updated chillers and boilers, along with improvements to common areas and community amenities.
The property is positioned in Memphis’s Downtown/Medical District, an area anchored by major employers including the VA Hospital, University of Tennessee Health Science Center, and St. Jude Children’s Research Hospital.
On-site amenities include an outdoor pool, fitness center, pet park, resident lounge, secure gated parking, and on-site laundry facilities. Additional income is described as coming from a parking lot revenue stream and a cell tower lease.
The property is positioned in Memphis’s Downtown/Medical District, an area anchored by major employers including the VA Hospital, University of Tennessee Health Science Center, and St. Jude Children’s Research Hospital.
On-site amenities include an outdoor pool, fitness center, pet park, resident lounge, secure gated parking, and on-site laundry facilities. Additional income is described as coming from a parking lot revenue stream and a cell tower lease.
Key Highlights
- 128‑unit apartment building (1957) with 100 units renovated in recent years
- New elevators plus mechanical upgrades including chillers and boilers
- Upgraded common areas and community amenities
Property Analytics
Location Intelligence
Current Use by Public Records
The Pulse Apartments
Apartment Complex
Management That Cares ...
Property Management Company
Adrianna Madison
Ophthalmologist
CV GLAM Concierge ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Apartment building with 128 units, including 100 recently renovated and updated common areas plus mechanical upgrades.
Where is this apartment building located?
The property is located at 57 North Somerville Street Memphis, TN.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: 128‑unit apartment building (1957) with 100 units renovated in recent years; New elevators plus mechanical upgrades including chillers and boilers; Upgraded common areas and community amenities
