209 Rickenbacker Street, Lancaster, SC 29720

Lancaster
Local realty services provided by:Better Homes and Gardens Real Estate Heritage
Listed by: stacy johnson
Office: premier south
MLS#:4392585
Source:CH
209 Rickenbacker Street,Lancaster, SC 29720
$965,000
  • 8 Beds
  • 8 Baths
  • 6,720 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$965,000
  • Price per sq. ft.:$143.6

About this home

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...

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Home facts

  • Year built:1950
  • Subdivision & Development:none
  • Listing ID #:4392585
  • Updated:September 25, 2026 at 01:21 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Full bathrooms:8
  • Living area:6,720 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1950
  • Building area:6,720 sq. ft.
  • Lot area:0.88 Acres
  • Foundation Description:Crawl Space

Schools

  • High school:Lancaster
  • Elementary school:Brooklyn Springs

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$965,000
  • Price per sq. ft.:$143.6

Parking

  • Parking description:Driveway, On Street
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