Eight-Home Rental Portfolio with
209 Rickenbacker Street Lancaster, SC 29720
For Sale
$985,000
MULTI_FAMILY - Lancaster, SC
Lot Size0.88 Acres
Days on Market47
Property Features for 209 Rickenbacker Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CITY
Bedrooms
8
Bathrooms
8
Rooms
Bedroom 6, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 7, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 8, Bedroom 8, Bedroom 3
Parking features
Driveway, On Street
Pets allowed
Yes
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
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
(704) 964-3695
Added: Jun 12
Changed: Jul 23
Last Checked: Jul 28 at 3:06AM
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.
This offering is an eight-home single-family rental portfolio in Lancaster, consisting of adjacent properties on the same street. Each residence is configured as a 2-bedroom, 1-bath home. The portfolio is 100% occupied, and several tenants have been in place for 10 to 20+ years. Current gross monthly rental income is approximately $7,000. Reported annual expenses across all properties include approximately $2,188 in insurance premiums and $8,349 in property taxes.
The package also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, as well as a vacant lot situated between the corner and 237 Rickenbacker Street. The properties are within a five-minute walk of the city pool and Wylie Street Park. The seller will be present for all showings. Please do not disturb tenants or communicate with tenants under any circumstances.
The package also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, as well as a vacant lot situated between the corner and 237 Rickenbacker Street. The properties are within a five-minute walk of the city pool and Wylie Street Park. The seller will be present for all showings. Please do not disturb tenants or communicate with tenants under any circumstances.
Key Highlights
- Eight‑home single‑family rental portfolio in Lancaster, SC, with adjacent properties on the same street
- All homes are 2‑bedroom, 1‑bath residences; portfolio is 100% occupied with tenants in place for 10 to 20+ years
- Portfolio generates approximately $7,000 in gross monthly rental income
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Adjacently located 2-bedroom, 1-bath rentals are 100% occupied, with an included 20-by-20 storage warehouse.
Where is this apartment building located?
The property is located at 209 Rickenbacker Street 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‑home single‑family rental portfolio in Lancaster, SC, with adjacent properties on the same street; All homes are 2‑bedroom, 1‑bath residences; portfolio is 100% occupied with tenants in place for 10 to 20+ years; Portfolio generates approximately $7,000 in gross monthly rental income
