# 209 Rickenbacker Street, Lancaster, SC 29720

> **TL;DR:** 8bd/8ba residential multi family, $985,000, built 1950.
> A/C. Est. $4,268/mo. Listed 13 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $985,000 |
| Bedrooms | 8 |
| Bathrooms | 8 full |
| Year Built | 1950 |
| Lot Size | 38,333 sqft (0.88 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 13 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,268 |
| **Total** | **$4,268** |

## Nearby Schools

- **Elementary:** Brooklyn Springs
- **Middle:** A.R. Rucker
- **High:** Lancaster

## Key Amenities

- A/C

## Property Highlights

- Built in 1950
- 0.88 acre lot

## Description

### Agent 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.

## Location

- **Address:** 209 Rickenbacker Street, Lancaster, SC 29720
- **County:** Lancaster
- **Coordinates:** 34.71635739, -80.77619057
- **Google Maps:** https://www.google.com/maps?q=34.71635739,-80.77619057

## Listing Agent

- **Name:** Stacy Johnson
- **Brokerage:** Premier South
- **Phone:** 7049643695
- **Email:** stacyjohnsonbelmont@gmail.com

## Primary Photo

![209 Rickenbacker Street - Primary Photo](http://lh.rdcpix.com/cc81c5fdbf09427280842bbb62724248l-f1316774674r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/209-rickenbacker-street-lancaster-sc-29720-4392585)*

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**MLS#:** 4392585 | **Updated:** 2026-06-25
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/209-rickenbacker-street-lancaster-sc-29720-4392585)

---

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