$965,000
 $5,034 est/mo Sourced by Back At You

209 Rickenbacker Street,Lancaster, SC 29720

Lancaster, SC 29720

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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. 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 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.

Details

MLS #4392585
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site77
Listing Provided ByPremier South | Stacy Johnson

Features

Bed(s)8
Bath(s) 8 Total
SQ Feet6,720
Units8
ZoningCITY
Acreage0.88

Interior

CoolingWindow Unit(s)
HeatingBaseboard
AppliancesNone

Exterior

Construction MaterialsBlock
Foundation DetailsCrawl Space

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, On Street

Other

List AorGaston Association of Realtors

Taxes

Property395800

Area Information

StateSC
CountyLancaster
CityLancaster
Zip Code29720
AreaLancaster
School DistrictLancaster
Elementary SchoolBrooklyn Springs
High SchoolLancaster
Listing VS Median (in 29720)
Price:
$965,000
low | high
Med:
$355,000
100% of Average
sqft:
6,720
low | high
Med:
1,615
100% of Average
$ / sqft:
$144
low | high
Med:
$220
3.074182540278% of Average
On site:
77
low | high
Med:
140.5
54.804270462633% of Average
Sourced by Back At You

Market Activity 29720

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Additional Information


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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 28, 2026 at 7:40:38 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateSC
CountyLancaster
CityLancaster
Zip Code29720
AreaLancaster
School DistrictLancaster
Elementary SchoolBrooklyn Springs
High SchoolLancaster
Listing VS Median (in 29720)
Price:
$965,000
low | high
Med:
$355,000
100% of Average
sqft:
6,720
low | high
Med:
1,615
100% of Average
$ / sqft:
$144
low | high
Med:
$220
3.074182540278% of Average
On site:
77
low | high
Med:
140.5
54.804270462633% of Average
Sourced by Back At You
Listing Updated: August 11, 2026 at 8:29:41 AM PDT