Skip main navigation
Active
  • $985,000

    209 Rickenbacker St, Lancaster, SC 29720

    16beds
    6,720sqft
    : 
    Loading
    Get pre-qualified
    Multi Family
    Built in 1950
    -- sqft lot
    $90,200 Zestimate®
    $147/sqft
    $-- HOA

    What's special

    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.
    21 hours
    |
    34
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Stacy Johnson stacyjohnsonbelmont@gmail.com,

    Premier South

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4392585MLS Logo

    Loading...

      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: $562
      • 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
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $90,200

        $60,000 - $129,000

        $971/mo

        Price history

        DateEventPrice
        6/12/2026Listed for sale$985,000+9281%$147/sqft
        Source: Canopy MLS as distributed by MLS GRID #4392585 Report a problem
        6/14/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/10/2023Listed for rent$800+33.3%
        Source: Zillow Rentals Report a problem
        2/27/2021Listing removed--
        Source: Owner Report a problem
        4/14/2020Listing removed$600
        Source: Owner Report a problem
        3/25/2020Listed for rent$600+9.1%
        Source: Owner Report a problem
        1/21/2019Listing removed$550
        Source: Owner Report a problem
        1/18/2019Listed for rent$550
        Source: Owner Report a problem
        1/20/2011Sold$10,500$2/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        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.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: 29720

          Getting around

          52 / 100
          Somewhat Walkable
          41 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          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.

          A local agent can set up tours, give advice and negotiate with sellers.

          Browse local experts