About This Home

This 2-bedroom, 8-bathroom residential multi family at 209 - 237 Rickenbacker Street in Lancaster, SC is listed for $850,000. Built in 1950, on a 0.88 acres lot.

Key Features

  • Built in 1950
  • 0.88 acre lot

Property Details

1 story
8 full
1950

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

209 - 237 Rickenbacker Street

Lancaster, SC 29720

Property Details

Construction

Block

Parking

DrivewayOn Street

Heating

Baseboard

Cooling

Window Unit(s)

Questions & Answers

This 2-bedroom, 8-bathroom residential multi family at 209 - 237 Rickenbacker Street is listed at $850,000. The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.88 acre lot.

This property is listed by Mike Morrell.

MM

Mike Morrell

Agent at Keller Williams Connected

Listed by Keller Williams Connected · Broker phone: (803) 517-0017 · View on Broker Site

MLS# 4436937· Source: Canopy MLS· 1 day on PropertySimple

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.

209 - 237 Rickenbacker Street, Lancaster, SC 29720

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