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.
Property Details
- Cooling
- Window Unit(s)
- Heating
- Baseboard
- Cooling Features
- Window Unit(s)
- Bedrooms
- 8
- Bathrooms
- 8.0
- Full Baths
- 8
- Acres
- 0.0
- Square Feet
- 6720.0
- Lot Size (sqft)
- 0.88
- Parking Features
- Driveway, On Street
- Parking Type
- Driveway
- Parking Garage Spaces
- 0.0
- Parking Carport Spaces
- 0.0
- Property Type
- Multi-Family
- Year Built
- 1950
- Foundation
- Crawl Space
- Sewer Information
- Public Sewer
- Utility Source
- City
- Subdivision
- none
- Elementary School
- Brooklyn Springs
- Middle School
- A.R. Rucker
- High School
- Lancaster
- County
- Lancaster
- Region
- Lancaster
- Zoning
- CITY
- Original List Price
- $985,000
- Days on Market (Cumulative)
- 80
- Pets
- 1
- MLS #
- 4392585
- Property Subtype
- Portfolio
- Parcel Number
- 0081A-0A-031.00
- MLS #
- 4392585
- Date Listed
- June 12, 2026
- Address
- 209 Rickenbacker Street
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-06-12T16:19:07Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Provided By
Listed by Stacy Johnson (#CAR39811)
Listing Office: Premier South (#CAR11323)
