1114 S Rodney St, Wilmington, DE 19805

Wilmington
Local realty services provided by:ERA Byrne Realty
1114 S Rodney St,Wilmington, DE 19805
$249,500
  • 2 Beds
  • - Baths
  • 1,360 sq. ft.
  • Multi-family
  • Active
Listed by: bruno caputo
Office: bhhs fox & roach-greenville
MLS#:DENC2107828
Source:BRIGHTMLS

Price summary

  • Price:$249,500
  • Price per sq. ft.:$183.46

About this home

This turn-key duplex is a low-maintenance, income-producing investment with positive cash flow. Both units have been recently renovated—the second-floor apartment in 2024 and the first-floor apartment in 2026 at a cost of $11,000—making it a strong opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Each unit has a private entrance, and both share access to the backyard. Street parking is available. The second-floor apartment currently rents for $1,175, and the newly renovated first floor is projected to rent for $1,290, for combined projected income of $2,465 per month. Tenants pay gas and electric, while the owner covers water. Owner expenses include the house meter at $20 per month and city water at approximately $90 per month, with total monthly expenses of $1,714 (principle $225,000 loan), interest, taxes, insurance, water, and house meter). This results in positive cash flow of approximately $700 per month. Located in a convenient...

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Home facts

  • Year built:1940
  • Subdivision & Development:CLELAND HEIGHTS
  • Listing ID #:DENC2107828
  • Added:1 day(s) ago
  • Updated:August 01, 2026 at 10:29 AM

Rooms and interior

  • Bedrooms:2
  • Rooms Total:8
  • Flooring:Laminate Plank
  • Kitchen Description:Breakfast Area, Oven/Range - Gas, Refrigerator, Water Heater
  • Basement:Yes
  • Basement Description:Full, Outside Entrance, Unfinished, Windows
  • Living area:1,360 sq. ft.

Heating and cooling

  • Heating:90% Forced Air, Baseboard - Electric, Electric, Natural Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1940
  • Building area:1,360 sq. ft.
  • Lot area:0.05 Acres
  • Lot Features:Front Yard, Level, Rear Yard
  • Construction Materials:Brick, Concrete
  • Exterior Features:Fire Escape, Play Area, Sidewalks, Street Lights
  • Foundation Description:Brick/Mortar, Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$249,500
  • Price per sq. ft.:$183.46
  • Tax amount:$529 (2025)

Features and amenities

  • Amenities:Ceiling Fan(s), Double Hung Windows, Electric Available, Natural Gas Available

Parking

  • Parking description:On Street

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