Investment Overview

Marcus & Millichap is pleased to present for sale the Melvin Apartments, a well-positioned multifamily property located at 1111 Melvin Drive in Hanahan, South Carolina. Situated just 12 miles from Downtown Charleston and 4.6 miles from the Charleston Navy Yard redevelopment, this asset offers investors a strategic location within a growing and high-demand rental market. The stabilized asset presents a compelling value-add opportunity through targeted interior and exterior enhancements. Thoughtfully maintained by current ownership, Melvin Apartments underwent renovations in 2023-2025, modernizing the interior to attract long-term tenants. New ownership can capitalize on the ability to increase rental income by implementing strategic upgrades to further align with market demand. Located within the highly regarded Berkeley County School District, the Melvin Apartments benefit from strong tenant demand driven by proximity to quality education, major employment hubs, and Charleston’s thriving economy. With Charleston’s continued population growth and limited housing supply, this asset is well-positioned for long-term appreciation and strong investment returns.