Active

209 Rickenbacker Street

Lancaster, SC 29720

$985,000 $4,152/Mo

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Overview

Bed

Bath

6,720

Sqft

0.88

Acre(Lot)

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. T he 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.

Property Details

Property Type : Residential Income

Price : $985,000

AD Id : 84736986

MLS Id : CAR4392585

Beds : 8

Lot Size : 0.88 Acre

Living Area Size : 6,720

Year Built : 1950

County : Lancaster

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedroom: 8

Bathroom Information

Full Baths: 8

Interior Features

Appliances: None Laundry Features: Electric Dryer Hookup, Washer Hookup
Flooring Information

Construction Materials: Block
Heating & Cooling

Heating: Baseboard Cooling: Window Unit(s) WaterSource: City

Building Information

Year Built: 1950

Lot Information

Lot Dimensions: See attachments Lot Size Area: 0.88 acre

Property Information

Property Type: Residential Income Sub Type: Portfolio

Listing Price Information

Original List Price:$985000

Tax Information

Tax Assessed Value: 395800 Parcel Number: 0081A-0A-031.00

Parking Information

Driveway, On Street

School Information

Elementary School: Brooklyn Springs Junior High School: A.R. Rucker Senior High School: Lancaster
Utility Information

Sewer: Public Sewer Water Source: City
Location Information

Subdivision: none City: Lancaster

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1724 Old Camden Monroe .., Lancaster, SC, 29720	$190,000	3	1	1,160	1,160 SqFt
5496 Pageland Highway, Lancaster, SC, 29720	$393,500	3	2	1,633	1,633 SqFt
861 Union Church Road, Lancaster, SC, 29720	$515,000	3	2	1,675	1,675 SqFt
861 Union Church Road, Lancaster, SC, 29720	$515,000	3	2	1,675	1,675 SqFt
4699 Cherrystone Road, Lancaster, SC, 29720	$289,900	3	2	1,372	1,372 SqFt
2248 Willie Usher Road, Lancaster, SC, 29720	$549,000	3	4	3,096	3,096 SqFt
4335 Palmer Lloyd Road, Lancaster, SC, 29720	$800,000	4	4	2,400	2,400 SqFt
2178 Ixoria Road #6, Lancaster, SC, 29720	$429,000	4	2	2,007	2,007 SqFt
4445 Rowell Road, Lancaster, SC, 29720	$864,998	3	2	2,758	2,758 SqFt
710 Dixie School Road, Lancaster, SC, 29720	$360,000	3	2	1,821	1,821 SqFt

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ByOwner last updated this listing 06/14/2026 @ 06:20

MLS: CAROLINA #4392585 LISTED BY: Stacy Johnson, Premier South 704-829-3518 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)