USADEWilmingtonCleland Heights1114 S Rodney Street
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$249,500

For Sale

6 hours ago

1114 S Rodney Street, Wilmington, DE

House

MLS® DENC2107828

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage 
Taxes $529
Days Active 1
Lot Size 0.01 Acres
Approx. Age 1940
MLS® Number DENC2107828

Property Address: 1114 S Rodney Street, WILMINGTON, DE, 19805

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberDENC2107828
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
BasementFull, Outside Entrance, Unfinished, Windows
DrivewayOn Street
Garage Spaces
Heat90% Forced Air, Baseboard - Electric, Natural Gas, Electric
A/CNone

Extras

RANGE & REFRIGERATOR

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 31, 2026List Date
$249,500List Price
  • Commute

Commute

Starting Address
Destination Address
1114 S Rodney Street, Wilmington, DE

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