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Museum Lofts 138 Huling Ave 68 Unit Apartment Building For Sale Memphis, TN 38103

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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.

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Property Facts

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 00-2119-0-0003
  • 00-2119-0-0004
Land Assessment
$333,600
Improvements Assessment
$11,892,100
Total Assessment
$12,225,700
  • Listing ID: 37364770

  • Date on Market: 8/21/2025

  • Last Updated:

  • Address: 138 Huling Ave, Memphis, TN 38103

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