209 - 237 Rickenbacker Street Lancaster, SC $ 850,000
209 - 237 Rickenbacker Street
$ 850,000
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209 - 237 Rickenbacker Street

Lancaster, SC, 29720
$ 850,000
Bedrooms2 Baths1.0 Sq 6,560

Monthly Estimate*

$ 5,871

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Multi-Family Home for sale in Lancaster, SC

for $850,000 with 2 bedrooms and 1 full bath. This 6,560 square foot home was built in 1950 on a lot size of 0.88.

Excellent opportunity to invest in an established eight-home single-family rental portfolio in Lancaster, SC! Conveniently situated along the same street, these neighboring properties each feature 2 bedrooms and 1 bathroom, offering a streamlined approach to property management and maintenance. The portfolio is currently 100% occupied, generating approximately $7,000 in gross monthly rental income, with several long-term tenants who have called these properties home for 10 to 20+ years. Annual expenses are approximately $2,188 for insurance and $8,349 for property taxes across the portfolio. Adding to the appeal is a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, along with a vacant lot between the corner and 237 Rickenbacker Street. The surrounding area features nearby new construction and is conveniently located within walking distance of the city pool and Wylie Street Park. Whether you're looking to expand an existing rental portfolio or invest in multiple income-producing properties in one location, this offering presents a unique opportunity! Seller will be present for all showings. DO NOT DISTURB OR COMMUNICATE WITH TENANTS UNDER ANY CIRCUMSTANCES.

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Multi-Family Active

Price

$ 850,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.88

Year Built

1950

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

4436937

Features
General
Living Area 6560
Sewer Public Sewer
Heating Baseboard
Cooling Window Unit(s)
Appliances None
Garage Spaces 0
Construction Materials Block
Exclusions Ovens are provided by the tenant
Pets Allowed Yes
Year Built 1950
Tenant Pays All Utilities
Stories Count 1
Property Subtype Portfolio
Parcel Number 0081A-0A-031.00
Additional Parcels Description 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
County Lancaster
New Construction N
Property Type Residential Income
HOA N
Subdivision Name none
Garage Y/N N
Full Baths 1
Directions From Hwy 521/Main Street in downtown Lancaster turn onto W Meeting Street and continue toward Wylie Street. Follow the neighborhood streets to Rickenbacker Street. Properties are located at 209 - 237
High School Lancaster
City Lancaster
Senior Community Y/N N
Number Of Units Total 8
Lot Size Units Acres
Carport Y/N N
Elementary School Brooklyn Springs
Middle/Junior High School A.R. Rucker
Additional Parcels Y/N Y
Standard Status Active
Construction Type Site Built
Tax Assessed Value 49600
Listing Terms Cash Conventional
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Exterior
Parking Features Driveway On Street
Water Source City
Lot Size Area 0.88
Foundation Details Crawl Space
Building Area Total 6560
Road Surface Type Concrete Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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Interior
Basement (Y/N) N
Above Grade Finished Area 6560
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 2
Below Grade Finished Area 0
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* Excluded Features
List By
Keller Williams Connected

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$5,871
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$5,871
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
293755 Elementary School
294668 Middle School
Lancaster High School High School
Pricing History
DatePricePrice ChangeDescription
10/30/2026$850,000 Listed Price

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209 - 237 Rickenbacker Street, Lancaster, SC, 29720 is a Multi-Family Home for sale at $850,000 with 6,560 sqft and a lot size of 0.88. 209 - 237 Rickenbacker Street has 2 bedrooms, 1.0 baths, and was built in 1950. The property's zip code is 29720 which is in Lancaster, SC