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Helix at The District 141 Manassas St 200 Unit Apartment Building $20,485,127 CAD ($102,426 CAD/Unit) Memphis, TN 38105



EXECUTIVE SUMMARY
The Helix at the District Apartments comprises two modern high-rise buildings (one 11-story and one 10-story) with 200 residential units—a mix of studios, one-, two-, and three-bedroom apartments—plus three ground-floor retail suites. The property occupies a high-visibility location in the heart of the Memphis Medical District, strategically positioned between Midtown and Downtown.
Surrounded by some of Memphis’s largest employment anchors, The Helix sits within walking distance of St. Jude Children’s Research Hospital, Le Bonheur Children’s Hospital, Regional One Health, and the University of Tennessee Health Science Center (UTHSC). Collectively, these institutions—along with nearby educational and research facilities—employ more than 112,000 professionals across healthcare, research, and technology sectors.
This central location also provides immediate access to major retailers such as Kroger, Home Depot, CVS, and Walgreens, offering both residents and visitors daily-needs convenience. Its surrounding mix of healthcare, academic, and retail demand makes the Helix ideally suited for multifamily, office, or live-work re-use opportunities within one of Memphis’s most dynamic growth corridors.
Surrounded by some of Memphis’s largest employment anchors, The Helix sits within walking distance of St. Jude Children’s Research Hospital, Le Bonheur Children’s Hospital, Regional One Health, and the University of Tennessee Health Science Center (UTHSC). Collectively, these institutions—along with nearby educational and research facilities—employ more than 112,000 professionals across healthcare, research, and technology sectors.
This central location also provides immediate access to major retailers such as Kroger, Home Depot, CVS, and Walgreens, offering both residents and visitors daily-needs convenience. Its surrounding mix of healthcare, academic, and retail demand makes the Helix ideally suited for multifamily, office, or live-work re-use opportunities within one of Memphis’s most dynamic growth corridors.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $20,485,127 CAD | Lot Size | 2.52 AC |
| Price Per Unit | $102,426 CAD | Building Size | 148,840 SF |
| Sale Type | Investment | Average Occupancy | 71% |
| No. Units | 200 | No. Stories | 10 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2002 |
| Property Subtype | Apartment | Parking Ratio | 1.02/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RU-4 | ||
| Price | $20,485,127 CAD |
| Price Per Unit | $102,426 CAD |
| Sale Type | Investment |
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.52 AC |
| Building Size | 148,840 SF |
| Average Occupancy | 71% |
| No. Stories | 10 |
| Year Built/Renovated | 1962/2002 |
| Parking Ratio | 1.02/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RU-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Views
- Carpet
- Wi-Fi
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 129 | - | 550 - 680 |
| 2+1 | 61 | - | 700 |
| 3+1 | 1 | - | 1,400 |
| Studios | 9 | - | 525 |
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 02-3024-0-0003C | Improvements Assessment | $3,139,814 CAD |
| Land Assessment | $494,979 CAD | Total Assessment | $3,634,792 CAD |
PROPERTY TAXES
Parcel Number
02-3024-0-0003C
Land Assessment
$494,979 CAD
Improvements Assessment
$3,139,814 CAD
Total Assessment
$3,634,792 CAD
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Helix at The District | 141 Manassas St
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