Eight-Home Rental Portfolio Apartment
For Sale
$965,000
209 Rickenbacker Street, Lancaster, SC 29720
Residential Income, Lancaster, SC
Property SizeContact for details
Lot Size0.88 Acres
Days on Market92
Property Features for 209 Rickenbacker Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CITY
Zoning description
R-6
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 6, Bathroom 3, Bedroom 8, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 7, Bathroom 6, Bedroom 5, Bathroom 8, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 7
Parking features
On Street, Driveway
Pets allowed
Yes
Elementary school
Brooklyn Springs
Middle school
A.R. Rucker
High school
Lancaster
Standard status
Active
APN
0081A-0A-031.00
Lot size
0.88 Acres
Taxes and HOA fees
Tax Description
46X72.5X46X75 SPLIT SEE PCL 14-19 & 31
Legal Description
46X72.5X46X75 SPLIT SEE PCL 14-19 & 31
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1950
Number of units
8
Building materials
Block
Listing Agency:
Premier South
(704) 829-3518
Listed By:
Stacy Johnson · License #283779
(704) 964-3695
Added: Jun 12
Changed: Sep 9
Last Checked: Sep 11 at 5:06AM
MLS# 4392585
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Apartment buildings opportunity presented as an eight-home single-family rental portfolio in Lancaster, SC. The homes are adjacent to one another on the same street and each offers two bedrooms and one bathroom. The portfolio is currently 100% occupied, with multiple tenants having resided in the properties for 10 to 20+ years.
The offering also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, plus a vacant lot between the corner and 237 Rickenbacker Street. The properties sit on a 0.88-acre lot and were built in 1950. Construction is block, with baseboard heating and window unit(s) cooling. Parking is provided via on-street and driveway spaces, and the homes are served by public sewer.
Conveniently located within a five-minute walk of the city pool and Wylie Street Park, the portfolio benefits from nearby recreational amenities.
The offering also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, plus a vacant lot between the corner and 237 Rickenbacker Street. The properties sit on a 0.88-acre lot and were built in 1950. Construction is block, with baseboard heating and window unit(s) cooling. Parking is provided via on-street and driveway spaces, and the homes are served by public sewer.
Conveniently located within a five-minute walk of the city pool and Wylie Street Park, the portfolio benefits from nearby recreational amenities.
Key Highlights
- Eight adjacent 2‑bedroom, 1‑bath rental homes in a single portfolio
- 0.88‑acre lot with adjacent homes on the same street
- 20' x 20' storage warehouse behind 237 Rickenbacker Street
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Eight 2-bedroom, 1-bath rentals with baseboard heat and window AC, 100% occupied and served by public sewer.
Where is this multifamily property located?
The property is located at 209 Rickenbacker Street Lancaster, SC.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Eight adjacent 2‑bedroom, 1‑bath rental homes in a single portfolio; 0.88‑acre lot with adjacent homes on the same street; 20' x 20' storage warehouse behind 237 Rickenbacker Street
