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Investment Highlights
- Museum Lofts offer modern construction with 10-foot ceilings, large windows, luxury vinyl plank flooring, porcelain tile, and urban design elements.
- Tenant amenities include secured podium parking, security cameras, exterior lighting, a glass-front fitness center, and a landscaped courtyard.
- Investment appeal is enhanced by a transferable PILOT abatement and assumable 2.94% fixed rate, interest-only debt through October 2031.
- Excellent walkability to dining, entertainment, and cultural venues, including the Orpheum Theater and Tom Lee Park along the Mississippi River.
Executive Summary
Museum Lofts is a newly delivered 68-unit luxury apartment community in the heart of Downtown Memphis' South Main Art District, directly across from the National Civil Rights Museum. 138 Huling Avenue offers loft-style studio, one-, and two-bedroom residences with 10-foot ceilings, oversized windows, luxury vinyl plank flooring, porcelain tile, and modern finishes. Interiors feature dark wood cabinetry, granite countertops, subway tile backsplashes, sleek black appliances, an in-unit washer and dryer, and Wi-Fi access.
Amenities include secured podium parking, exterior lighting and security cameras, a lobby and leasing office, a glass-front fitness center, and a landscaped courtyard. Situated in the heart of Downtown Memphis, it allows for easy access to dining, entertainment, and cultural venues, including the Orpheum Theater and Tom Lee Park along the Mississippi River.
Proximity to Downtown Memphis' Central Business District and Medical District provides access to approximately 90,000 nearby jobs. Museum Lofts benefits from strong renter demand. Memphis' economy is anchored by global logistics, healthcare, manufacturing, and growing tech investment. Home to FedEx's headquarters and World Hub, Memphis remains a critical distribution center supported by extensive rail, highway, and river infrastructure. Both St. Jude Children's Research Hospital and Regional One Health are undergoing multi-billion-dollar expansions to upgrade facilities and expand reach, all while fueling job growth and housing demand.
Museum Lofts sits in one of Memphis's most sought-after urban neighborhoods, offering steady, low-maintenance operations alongside desirable tenant amenities, a transferable PILOT (Payment-In-Lieu-of-Tax) abatement, and assumable, 2.94% fixed-rate, interest-only debt through October 2031. Collectively, these strengths present Museum Lofts as a compelling, well-located, long-term investment opportunity.
Amenities include secured podium parking, exterior lighting and security cameras, a lobby and leasing office, a glass-front fitness center, and a landscaped courtyard. Situated in the heart of Downtown Memphis, it allows for easy access to dining, entertainment, and cultural venues, including the Orpheum Theater and Tom Lee Park along the Mississippi River.
Proximity to Downtown Memphis' Central Business District and Medical District provides access to approximately 90,000 nearby jobs. Museum Lofts benefits from strong renter demand. Memphis' economy is anchored by global logistics, healthcare, manufacturing, and growing tech investment. Home to FedEx's headquarters and World Hub, Memphis remains a critical distribution center supported by extensive rail, highway, and river infrastructure. Both St. Jude Children's Research Hospital and Regional One Health are undergoing multi-billion-dollar expansions to upgrade facilities and expand reach, all while fueling job growth and housing demand.
Museum Lofts sits in one of Memphis's most sought-after urban neighborhoods, offering steady, low-maintenance operations alongside desirable tenant amenities, a transferable PILOT (Payment-In-Lieu-of-Tax) abatement, and assumable, 2.94% fixed-rate, interest-only debt through October 2031. Collectively, these strengths present Museum Lofts as a compelling, well-located, long-term investment opportunity.
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Property Facts
| Sale Type | Investment | Lot Size | 0.60 AC |
| No. Units | 68 | Building Size | 76,445 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2020 |
| Building Class | B | ||
| Zoning | SM - Special Mixed Use | ||
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 76,445 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | SM - Special Mixed Use |
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 65 | - | 482 - 830 |
| 2+2 | 3 | - | 1,263 |
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,892,100 | |
| Land Assessment | $333,600 | Total Assessment | $12,225,700 |
Property Taxes
Parcel Numbers
Land Assessment
$333,600
Improvements Assessment
$11,892,100
Total Assessment
$12,225,700
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
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Museum Lofts | 138 Huling Ave
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