Sb2Se3 exhibits fascinating optical and electrical properties owing to its unique one-dimensional crystal structure. In this study, a Sb2Se3-nanorod/CdS core-shell heterostructure was successfully constructed, and the lateral photovoltaic effect (LPE), as well as the lateral photocurrent and photoresistance effects, were first studied. The measurements indicate that this heterojunction exhibits excellent lateral photoelectric performance in a broad range of 405-1064 nm with the best position sensitivities (PSs) of 525.9 mV/mm, 79.1 µA/mm, and 25.6 kΩ/mm for the lateral photovoltage, photocurrent, and photoresistance, respectively, while the nonlinearity is maintained below 7%, demonstrating its great potential in a novel high-performance multifunctional position sensitive detector (PSD). Moreover, this PSD could work well at different frequencies with good stability and repeatability, and the rise and fall times were deduced to be 48 and 180 µs, respectively. Besides, large linear working distances are achieved in this heterojunction PSD, and the PS can still reach 75.5 mV/mm even at an ultra-large working distance of 9 mm. These outstanding performances can be attributed to the high-quality Sb2Se3 nanorod arrays and the fast charge-carrier separation and transport properties of this core-shell heterojunction. This study provides important ideas for developing high-performance, broadband, large working distances, and ultrafast multifunctional PSDs based on the new core-shell heterostructure.