Address
209 Rickenbacker Street, Lancaster, SC
Price
$ 965,000
Property Attributes
- ID#4392585
- TypeMulti-Family
- Listing Status Active
- CountyLANCASTER
- CityLancaster
- AreaLancaster County
- Zip29720
- Style
- Year Built1950
- Price$ 965,000
- Bedrooms8
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage6720
- Lot Size0.88 Acres
Data Source:
Canopy MLS
Property 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Brooklyn Springs Elementary School | A.R. Rucker Middle School | Lancaster High School |
| Price History | |
|---|---|
| 6/12/2026 | Listed $985,000 |
| 8/11/2026 | 3$965,000 |
General Features
| Living Area | 6720 |
|---|---|
| Sewer | Public Sewer |
| Heating | Baseboard |
| Cooling | Window Unit(s) |
| Appliances | None |
| Zoning | CITY |
| Construction Materials | Block |
| Exclusions | Ovens are provided by the tenant |
| Pets Allowed | Yes |
| Year Built | 1950 |
| Tenant Pays | All Utilities |
| Property Subtype | Portfolio |
| Parcel Number | 0081A-0A-031.00 |
| OwnerPays | None |
| Additional Parcels Description | 0081A-0A-013.00,0081A-0A-014.00,0081A-0A-015.00,0081A-0A-016.00,0081A-0A-017.00,0081A-0A-018.00,0081A-0A-019.00,0081A-0A-021.00 |
| County | Lancaster |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | none |
| Garage Y/N | No |
| Full Baths | 8 |
| High School | Lancaster |
| City | Lancaster |
| Senior Community Y/N | No |
| Number Of Units Total | 8 |
| Lot Size Units | Acres |
| Carport Y/N | No |
| Elementary School | Brooklyn Springs |
| Middle/Junior High School | A.R. Rucker |
| Additional Parcels Y/N | Yes |
| Standard Status | Active |
| CAR_HOASubjectTo | None |
| Construction Type | Site Built |
| Tax Assessed Value | 395800 |
| Listing Terms | Cash,Conventional |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Above Grade Finished Area | 6720 |
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Total Bedrooms | 8 |
Exterior Features
| Parking Features | Driveway,On Street |
|---|---|
| Water Source | City |
| Lot Size Area | 0.88 |
| Foundation Details | Crawl Space |
| Building Area Total | 6720 |
| Lot Dimensions | See attachments |
| Road Surface Type | Concrete,Paved |
| Road Responsibility | Publicly Maintained Road |
| Main Level Garage YN | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 29720
Price
Year Built
Visits
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