For sale

$965,000

Est. $5,363/mo —

•

6,720

sq ft

209 Rickenbacker St, Lancaster, SC 29720

About this home

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.

Multi-familyProperty Type

1950Year Built

0.88 acresLot Size

$144Price/Sq.Ft.

Listed by Stacy Johnson • Premier South

Contact: stacyjohnsonbelmont@gmail.com

Listing updated: Aug 11, 2026 at 09:22am

Redfin checked: 2 minutes ago

•Source:CANOPYMLS as Distributed by MLS Grid #4392585

Payment calculator

$5,363 per month

Principal and interest$5,007

Property taxes

$67

HOA dues

Home insurance

$290

Utilities

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Nearby open houses (4)

Around this home

Schools

K - 12
Preschool & daycare

Brooklyn Springs Elementary School

Public PreK-5 • Assigned • 1.2mi

3/10

A. R. Rucker Middle School

Public 6-8 • Assigned • 2.2mi

3/10

Lancaster High School

Public 9-12 • Assigned • 0.8mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
No built-in appliances listed

Bedrooms
Total of 8 bedrooms

Bathrooms
8 full bathrooms

Kitchen
No appliances specified for the kitchen

Laundry & utility
Washer hookup
Electric dryer hookup

Heating & cooling
Baseboard heating
Window unit cooling

Sale and tax history for 209 Rickenbacker St

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$798 (+12.5%)

$3,700 + $45,900

$49,600

2024

$709 (−1.8%)

$3,700 + $45,900

$49,600

2023

$723 (−0.2%)

$3,700 + $23,400

$27,100

2022

$724 (+1.3%)

$3,700 + $23,400

$27,100

2021

$714 (+17.0%)

$3,700 + $23,400

$27,100

2020

$611 (−14.7%)

$3,700 + $19,700

$23,400

2019

$715 (+57.1%)

$3,700 + $19,700

$23,400

2018

$456 (−20.4%)

$3,700 + $19,700

$23,400

2017

$572 (−0.5%)

$3,700 + $19,700

$23,400

2016

$575 (+7.7%)

$3,700 + $19,700

$23,400

2014

$534 (+1.0%)

$3,700 + $19,000

$22,700

2013

$528 (+1.8%)

$3,700 + $19,000

$22,700

2012

$519

$222 + $1,140

$1,362

Public record

Public record
Zoning

Beds

—

Baths

Stories

Lot width

48 ft.

Lot depth

—

Lot size

3,228 Sq. Ft.

Year renovated

1980

Finished Sq. Ft.

840

Unfinished Sq. Ft.

—

Total Sq. Ft.

840

Year built

1950

Style

Single Family Residential

County

Lancaster County

APN

0081A-0A-031.00

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 5, 2026.

Residential District

The R-6 Residential District is established for the most dense residential development within the city. The principal use of land is for single- and two-family dwellings and for related recreational, religious and educational facilities normally required to provide orderly and attractive residential areas. The regulations for this district are intended to discourage any use which, because of its character, would interfere with the development of or be detrimental to the quiet residential nature of the area included in the district.

Permitted uses

Include but are not limited to:

Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Cemetery
Housing-Mobile home park
Park & open space

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 106° expected this year, 16 days in 30 years

6/10 Wind Factor

44% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Lancaster, SC • 29720

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

85/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.1 hrs

7.1 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 209 Rickenbacker St

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Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (4)

Around this home

Schools

Lifestyle

Property details

Sale and tax history for 209 Rickenbacker St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 209 Rickenbacker St

Early Access listings

Nearby similar homes

New listings for sale in 20720

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