Multifamily Property with Soaking
1112 S RODNEY ST, Wilmington, DE 19805
For Sale
$249,500
Residential income property with full bathroom, gas appliances, and on-street parking.
Property Size1,360 SF
Price / SF$183.46
Days on Market106
Property Features for 1112 S RODNEY ST
General Information
Standard status
Size
Property subtype
Listing Agency:
BHHS Fox & Roach-Greenville
(302) 571-8855
Listed By:
Bruno Caputo
(302) 477-5500
Source:
Graves
Added: Aug 1
Changed: Nov 1
Last Checked: Nov 12 at 7:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Greenville
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Investment Insights
Based on property information with market context.
This multifamily property, built in 1940, offers 1,360 square feet of residential space. Interior features include a full bathroom with a soaking tub, along with a gas range, gas oven, gas water heater, and range hood. Heating is provided through electric, natural gas, forced air, and baseboard systems.
The property is zoned 26R-2 and includes on-street parking. Located in Wilmington, Delaware, the asset is identified as a residential income property within New Castle County.
The property is zoned 26R-2 and includes on-street parking. Located in Wilmington, Delaware, the asset is identified as a residential income property within New Castle County.
Key Highlights
- 1,360 SF multifamily property built in 1940
- Zoned 26R‑2
- Full bathroom with soaking tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,882
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,640
$257.6K
Cap Rate 7%
$184,029
$184.0K
Cap Rate 9%
$143,133
$143.1K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$25.0K $18.36/SF
− Vacancy
−$1.5K −$1.14/SF
EGI
$23.4K $17.22/SF
− OpEx
−$10.5K −$7.75/SF
NOI
$12.9K $9.47/SF
Area
New Castle County, DE
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,640
Cap Rate 7%
$184,029
Cap Rate 9%
$143,133
Alternative Uses
Best Use
Apartment 5plus
$184.0K
$161.0K – $214.7K
NOI $12,882 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.3K
$284.6K – $379.5K
NOI $22,771 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
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Business Placement
Demographics for 19805, DE
39,985
Population
17,281
Households
2.3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
7,270
Density / Sq Mi
$56,708
Median Household Income
$38,043
Median Earnings
$1,203
Median Rent
$220,200
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Wilmington, DE
Properties on Market for Multifamily properties in Wilmington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property with full bathroom, gas appliances, and on-street parking.
Where is this multifamily property located?
The property is located at 1112 S RODNEY ST Wilmington, DE.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: 1,360 SF multifamily property built in 1940; Zoned 26R‑2; Full bathroom with soaking tub
