Eight-Residence Apartment Building
For Sale
$985,000
209 Rickenbacker St, Lancaster, SC 29720
Adjacent rental residences with full occupancy, supplemental storage, and an additional vacant lot in Lancaster.
Property Size6,720 SF
Price / SF$146.58
Days on Market34
Property Features for 209 Rickenbacker St
General Information
Standard status
Active
Size
6,720 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Gross Income
$84,000
Building Details
Year Built
1950
Listing Agency:
Premier South
(704) 964-3695
Listed By:
Stacy Johnson · License #283779
Source:
Thejaywhiteteam
Added: Jul 27
Changed: Aug 29
Last Checked: Aug 29 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier South
Investment Insights
Based on property information with market context.
This Lancaster rental portfolio includes eight adjacent two-bedroom, one-bath residences positioned along the same street. The properties were built in 1950 and are currently fully occupied, with several tenancies extending from 10 to more than 20 years. The offering also includes a 20' x 20' storage warehouse behind 237 Rickenbacker Street, with most contents transferring at closing, plus the vacant lot located between the corner and 237 Rickenbacker Street.
The portfolio is located within a five-minute walk of the city pool and Wylie Street Park. Shared proximity among the residences creates a consolidated ownership footprint, while the included warehouse and additional lot expand the physical components of the offering. Showings are to be coordinated with the seller, and tenants are not to be disturbed or contacted.
The portfolio is located within a five-minute walk of the city pool and Wylie Street Park. Shared proximity among the residences creates a consolidated ownership footprint, while the included warehouse and additional lot expand the physical components of the offering. Showings are to be coordinated with the seller, and tenants are not to be disturbed or contacted.
Key Highlights
- Eight adjacent rental residences on the same street
- Each residence offers 2 bedrooms and 1 bath
- 100% occupied portfolio with several tenancies of 10 to 20+ years
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 29720, SC
51,198
Population
22,106
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
86%
High-School Grad
284.9 sq mi
ZIP Area
180
Density / Sq Mi
$59,039
Median Household Income
$37,020
Median Earnings
$845
Median Rent
$212,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Adjacent rental residences with full occupancy, supplemental storage, and an additional vacant lot in Lancaster.
Where is this apartment building located?
The property is located at 209 Rickenbacker St Lancaster, SC.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Eight adjacent rental residences on the same street; Each residence offers 2 bedrooms and 1 bath; 100% occupied portfolio with several tenancies of 10 to 20+ years
