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.
Active
$985,000
209 Rickenbacker St, Lancaster, SC 29720
16beds
6,720sqft
:
Get pre-qualified$5,992/mo
Multi Family
Built in 1950
-- sqft lot
$903,300 Zestimate®
$147/sqft
$-- HOA
What's special
- 44 days |
- 170 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Stacy Johnson stacyjohnsonbelmont@gmail.com,
Premier South
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4392585
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: None
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Has basement: No
Interior area
- Total structure area: 6,720
- Total interior livable area: 6,720 sqft
- Finished area above ground: 6,720
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Lot
- Size: 0.88 Acres
Details
- Additional parcels included: 0081A-0A-013.00, 0081A-0A-014.00, 0081A-0A-015.00, 0081A-0A-016.00, 0081A-0A-017.00, 0081A-0A-018.00, 0081A-0A-019.00, 0081A-0A-021.00
- Parcel number: 0081A0A031.00
- Zoning: CITY
- Special conditions: Undisclosed
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: none
Location
- Region: Lancaster
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $395,800
- Annual tax amount: $798
- Date on market: 6/12/2026
- Listing terms: Cash,Conventional
- Exclusions: Ovens are provided by the tenant
- Tenant pays: All Utilities
- Road surface type: Concrete, Paved
Estimated market value
$903,300
$849,000 - $948,000
$1,081/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Listed for sale | $985,000+9281%$147/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4392585 Report a problem | ||
| 6/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/10/2023 | Listed for rent | $800+33.3% |
Source: Zillow Rentals Report a problem | ||
| 2/27/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/14/2020 | Listing removed | $600 |
Source: Owner Report a problem | ||
| 3/25/2020 | Listed for rent | $600+9.1% |
Source: Owner Report a problem | ||
| 1/21/2019 | Listing removed | $550 |
Source: Owner Report a problem | ||
| 1/18/2019 | Listed for rent | $550 |
Source: Owner Report a problem | ||
| 1/20/2011 | Sold | $10,500$2/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $798 +42.1% | $1,860 +14.4% |
| 2024 | $562 -36.7% | $1,626 +0.7% |
| 2023 | $887 +62.3% | $1,614 |
| 2022 | $546 | $1,614 |
| 2021 | $546 +15% | $1,614 +15% |
| 2020 | $475 +0.1% | $1,404 |
| 2019 | $475 -19.9% | $1,404 |
| 2018 | $593 +12.2% | $1,404 |
| 2017 | $528 | -- |
| 2016 | $528 | -- |
| 2015 | $528 | -- |
| 2014 | -- | -- |
| 2011 | -- | $22,700 +38.4% |
| 2010 | -- | $16,400 |
| 2009 | -- | $16,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 29720
Nearby schools
GreatSchools rating
- 3/10Brooklyn Springs Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10A. R. Rucker Middle SchoolGrades: 6-8Distance: 2.2 mi
- 2/10Lancaster High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Brooklyn Springs
- Middle: A.R. Rucker
- High: Lancaster
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
