209 - 237 Rickenbacker Street, Lancaster SC
- 2 Bed
- 0.9 ac
For Sale $850,000
Remarks:
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.
General Information:
| List Price: | $850,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Portfolio |
| Parking: | Driveway, On Street |
| MLS Number: | CAR4436937 |
| Subdivision: | none |
| Year Built: | 1950 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Brooklyn Springs |
| Middle: | A.R. Rucker |
| High: | Lancaster |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 10-30-2026 | Listed | $850,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| No schools found | |||
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 209 - 237 Rickenbacker Street, Lancaster SC | 0 mi | $850,000 | days | |
| 209 Rickenbacker Street, Lancaster SC | 0 mi | $965,000 | days | |
| 117 Barron Boulevard, Lancaster SC | 0.1 mi | $255,000 | days | |
| 302 Cedar Street, Lancaster SC | 0.1 mi | $210,000 | days | |
| 514 Arch Street, Lancaster SC | 0.1 mi | $254,999 | days | |
| 316 Arch Street, Lancaster SC | 0.1 mi | $198,500 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 29720
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Keller Williams Connected
209 - 237 Rickenbacker Street, Lancaster SC is a ft2 on a 0.880 acres Appraisal lot. This is for $850,000. This has 2 bedrooms, baths, and was built in 1950.
Based on information submitted to the MLS GRID as of 2026-10-30 19:00:03 EST. 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.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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