For sale

Price cut: $2K (5/17)

$349,000

505 Tennessee St APT 118, Memphis, TN 38103

2beds

1,914sqft

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Condominium

Built in 1909

-- sqft lot

$339,000 Zestimate^®

$182/sqft

$-- HOA

What's special

New carpetTri-level unitRooftop amenitiesPicture lightsWarehouse-style windowsUpdated lightingSmart lighting

2 bd 1 bath condo offering 1900 sf. Tri-level unit blends warehouse charm with modern renovations, with 17-foot ceilings, warehouse-style windows, new carpet & original concrete floors. Updated lighting, including picture lights, smart lighting, and vintage wall lamps that add warmth to the space. Unlike many downtown lofts, this condo includes its own covered outdoor space. Convenient for pet owners with easy access outdoors to gated neighborhood, while the rooftop amenities provide the best of downtown living with stunning city and river views. Rooftop amenities include a pool, sauna, refrigerator, gas grills, and fitness center. Early 1800s Louis XV enfilade, valued at $3,500, remains with the condo. Located in the South Main Arts District, you’ll enjoy walkability to restaurants, galleries, theaters, and more. Two deeded garage parking spaces and private storage room included. Quiet and energy efficient unit with utility bill averaging less than $100/mo.

84 days

137

13

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Level: First
Area: 225
Dimensions: 15 x 15

Dining room

Dimensions: 0 x 0

Kitchen

Features: Breakfast Bar, Washer/Dryer Connections

Living room

Features: LR/DR Combination
Area: 320
Dimensions: 16 x 20

Den

Area: 520
Dimensions: 26 x 20

Heating

Central, Electric

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Laundry: Laundry Room, Laundry Closet

Features

All Bedrooms Up, Full Bath Down, High Ceilings, Cable Wired, 2 or More Elevators, Trash Chute, 1 Bath, Den/Great Room, Kitchen, Laundry Room, Living Room, Primary Bedroom, 2nd Bedroom, Square Feet Source: Floor Plans (Builder/Architecture)
Flooring: Concrete, Part Carpet
Windows: Window Treatments
Basement: Full
Has fireplace: No

Interior area

Total interior livable area: 1,914 sqft

Property

Parking

Total spaces: 2
Parking features: Common, Storage
Has garage: Yes
Covered spaces: 2

Features

Stories: 2
Exterior features: Gas Grill, Sauna, On-Site Storage
Has private pool: Yes
Pool features: Community, In Ground
Fencing: Wrought Iron
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water

Lot

Size: 1,742 Square Feet
Features: Level, Historic District

Details

Parcel number: 002083 D00009

Construction

Type & style

Home type: Condo
Architectural style: Soft Contemporary
Property subtype: Condominium
Attached to another structure: Yes

Materials

Brick Veneer
Roof: Built-Up/Flat

Condition

New construction: No
Year built: 1909

Utilities & green energy

Water: Common Hot Water
Utilities for property: Cable Available

Community & HOA

Community

Features: Gated, Fitness Center, On-Site Storage, Other (See REMARKS), Sauna
Security: Fire Sprinkler System, Smoke Detector(s)
Subdivision: Lofts @ South Bluffs Condos Third Amend

HOA

Services included: Exterior Insurance, Maintenance Structure, Management Fees, Reserve Fund, Trash, Water/Sewer

Location

Region: Memphis

Financial & listing details

Price per square foot: $182/sqft
Tax assessed value: $388,100
Annual tax amount: $5,114
Price range: $349K - $349K
Date on market: 4/20/2026
Cumulative days on market: 85 days

Estimated market value

$339,000

$322,000 - $356,000

$1,927/mo

Price history

Date	Event	Price
5/17/2026	Price change	$349,000-0.6%$182/sqft
Source: MAAR #10219691 Report a problem
5/9/2026	Price change	$351,000-2%$183/sqft
Source: MAAR #10219691 Report a problem
4/20/2026	Listed for sale	$358,000+4.7%$187/sqft
Source: MAAR #10219691 Report a problem
6/4/2021	Sold	$342,000+36.9%$179/sqft
Source: MAAR #10098479 Report a problem
1/25/2017	Sold	$249,900$131/sqft
Source: MAAR #9990359 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,114 +23.7%	$97,025 +54.6%
2024	$4,134 +8.1%	$62,775
2023	$3,824	$62,775
2022	--	$62,775
2021	--	$62,775 -37.2%
2020	$3,838	$100,000
2019	$3,838 -9.1%	$100,000 -4.1%
2018	$4,223 +545.9%	$104,280
2017	$654	--
2016	$654 -1.8%	--
2014	$666	--

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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