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.
Under contract
$249,500
1114 S Rodney St, Wilmington, DE 19805
2beds
--baths
1,360sqft
Duplex
Built in 1940
-- sqft lot
$-- Zestimate®
$183/sqft
$-- HOA
What's special
- 30 days
- 219
- 18
Zillow last checked:
Listing updated:
Listed by:
Bruno Caputo 302-477-5500,
BHHS Fox & Roach-Greenville (302) 571-8855
Source: Bright MLS,MLS#: DENC2107828
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
Basement
- Area: 680
Heating
- Forced Air, Baseboard, Natural Gas, Electric
Cooling
- None
Appliances
- Included: Oven/Range - Gas, Refrigerator, Water Heater, Gas Water Heater
Features
- Bathroom - Tub Shower, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Floor Plan - Traditional, Dry Wall
- Flooring: Laminate
- Doors: Storm Door(s)
- Windows: Double Hung, Energy Efficient, Screens
- Basement: Full,Exterior Entry,Unfinished,Windows
- Has fireplace: No
Interior area
- Total structure area: 2,040
- Total interior livable area: 1,360 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Doors - Swing In
Features
- Exterior features: Play Area, Sidewalks, Street Lights
- Pool features: None
Lot
- Size: 2,178 Square Feet
- Dimensions: 28 x 82
- Features: Front Yard, Level, Rear Yard
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 26041.40097
- Zoning: 26R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex
Materials
- Brick, Concrete
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Rubber
Condition
- Excellent
- New construction: No
- Year built: 1940
- Major remodel year: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Security: Fire Escape
- Subdivision: Cleland Heights
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $183/sqft
- Tax assessed value: $42,000
- Annual tax amount: $2,494
- Date on market: 7/30/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Range & Refrigerator
- Exclusions: None
- Ownership: Fee Simple
- Total actual rent: 29580
- Income includes: Apartment Rentals
Estimated market value
Not available
Estimated sales range
Not available
$1,502/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Contingent | $249,500$183/sqft |
Source:  Bright MLS #DENC2107828 Report a problem | ||
| 7/31/2026 | Listed for sale | $249,500$183/sqft |
Source: Bright MLS #DENC2107828 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $42,000 +41900% |
| 2024 | $4 +2.5% | $100 |
| 2023 | $4 +1.1% | $100 |
| 2022 | $4 +2.6% | $100 |
| 2021 | $3 +2.7% | $100 |
| 2020 | $3 +15% | $100 |
| 2019 | $3 -2.3% | $100 |
| 2017 | $3 -35.3% | $100 |
| 2016 | $5 | $100 |
| 2015 | $5 +149.5% | $100 |
| 2014 | $2 | $100 |
| 2013 | -- | $100 |
| 2012 | -- | $100 |
| 2011 | -- | $100 |
| 2010 | -- | $100 |
| 2009 | -- | $100 |
| 2008 | -- | $100 |
| 2007 | -- | $100 |
| 2006 | -- | $100 |
| 2005 | -- | $100 |
| 2004 | -- | $100 |
| 2003 | -- | $100 |
| 2002 | -- | $100 |
| 2001 | -- | $100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Saint Elizabeth Area
Nearby schools
Schools provided by the listing agent
- District: Christina
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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