- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Street View
$965,000
Monthly Est:$4,803
16 Beds
8 Baths8 full baths
6,720sqft
209 Rickenbacker St, Lancaster, SC 29720
$965,000
$4,803/moEst:
Get Pre-Approved
Multi Family
Built in 1950
$-- HOA
0.88 acre lot
$144/sq.ft
Description
Exceptional investment opportunity featuring an eight-home single-family rental portfolio in Lancaster, SC. All properties are adjacent to one another on the same street and consist of 2-bedroom, 1-bath residences, offering efficient management and maintenance advantages.
The surrounding neighborhood is experiencing continued growth, with several new construction homes nearby and increasing rental rates supporting long-term appreciation potential. The portfolio currently generates approximately $7,000 in gross monthly rental income and is 100% occupied, with several tenants having resided in the properties for 10 to 20+ years, providing stable occupancy history.
Annual expenses include approximately $2,188 in insurance premiums and $8,349 in property taxes across all properties.
The offering also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, as well as the vacant lot situated between the corner and 237 Rickenbacker Street, providing additional value and future potential.
Conveniently located within a five-minute walk of the city pool and Wylie Street Park, the properties benefit from nearby recreational amenities.
Seller will be present for all showings. Please DO NOT DISTURB TENANTS. Please DO NOT COMMUNICATE WITH THE TENANTS UNDER ANY CIRCUMSTANCES. Seller is a licensed real estate agent.
- Houzeo last checked: 12 hours ago
- Listing updated: August 11, 2026 at 1:22 pm
- Listing Provided by: Stacy Johnson (704) 964-3695 | Premier South (704) 829-3518
- Source: Canopy MLS | MLS#: 4392585
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
6,720 sqft
Lot Size
0.88 acre lot
Basement Area
- sqft
MLS Name
Canopy MLS
MLS Number
4392585
MLS Status
Active
Days on Market
119
Cumulative Days on Market
60
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 8
Interior
Sewer
Public Sewer
Appliances
None
Cooling
Window Unit(s)
Heating
Baseboard
Construction
Year Built
Year Built: 1950
Home type
Multi Family
Foundation Details
Crawl Space
Construction Materials
Block
Utilities & Energy
Water Source
City
Laundry Features
Electric Dryer Hookup, Washer Hookup
Parking Features
Driveway, On Street
Other Features
Tenant Pays
All Utilities
Subdivision Name
None
Price History
| Date | Event | Price |
|---|---|---|
06/12/2026 Source: | Price Decreased | $965,000 -2.03% $144/sqft |
06/12/2026 Source: | Listed for Sale | $985,000 $147/sqft |
Getting Around 209 Rickenbacker St
Bike Score®
Somewhat Bikeable
45/100
Walk Score®
Somewhat Walkable
51/100
Data provided by Redfin
Find Homes by Property Features in Lancaster, SC
Based on information submitted to the MLS GRID from Canopy MLS through Oct 09, 2026, 02:30PM. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties which the consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. ©2026 Canopy MLS. All Rights Reserved.
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