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1114 S Rodney St, 
Wilmington, DE 19805

$249,500


2

Beds


Bath


1,360

Sq Ft


Multi-Family

Active

Listed by

Bruno Caputo

Bhhs Fox & Roach-Greenville, (302) 571-8855

Last updated:

August 6, 2026, 03:36 AM

MLS#

DENC2107828

Source:

BRIGHTMLS

About This Home

1114 S Rodney St

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 Wilmington neighborhood close to major routes, shopping, and city amenities, this property offers reliable rental income with minimal upkeep. The adjacent property at 1112 S. Rodney is also available for sale. Licensed fee appraisal was done and appraised value is $250,000. Appraisal report is available upon request. All appointments require 24-hour notice.

Home Facts

Multi-Family

2 Bedrooms

Built in 1940

Subdivision & Development:

CLELAND HEIGHTS

Price Summary

249,500

$183 per Sq. Ft.

MLS #:

DENC2107828

Last Updated:

August 6, 2026, 03:36 AM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2


Structure

Structure

Building Area:

1,360 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

2,178


Finances & Disclosures

Finances

Price:

$249,500

Price per Sq. Ft:

$183 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.