The Pulse

For Sale

57 North Somerville Street, Memphis, TN 38104

This Memphis property for sale is located at 57 North Somerville Street. The current listed sale price for The Pulse is $7,200,000. The Pulse is situated on a lot that is 1.72 acre in size.

Contacts

Steve Woodyard

Woodyard Realty Corporation

Property Details

  • Property Type Multi-Family
  • Property Size 95,727 SF
  • Units 133
  • Lot Size 1.72 Acre
  • Year Built 1957
  • Date Updated May 8, 2026
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
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Highlights

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

Getting around

  • 62/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 62/100

    Bike Score ®

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Location

  • City Memphis, TN
  • Neighborhood Downtown Memphis
  • Zip Code 38104
  • Market Memphis

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

  • Econo Lodge

    0.20 miles

  • Best Western Plus Gen X Inn

    0.25 miles

  • Holiday Inn Express - Medical Center Midtown

    0.33 miles

  • Motel 6 Memphis Downtown

    0.35 miles

  • Rodeway Inn - Linden Ave

    0.54 miles

  • Lamplighter Inn

    0.94 miles

  • The Inn at Hunt Phelan

    1.07 miles

  • Rainbow Hotel

    1.09 miles

  • La Quinta Inns & Suites Memphis Downtown

    1.16 miles

  • Belvedere Suites

    1.21 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

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