Duplex with Private
New
For Sale
$249,500
1112 S RODNEY STREET, Wilmington, DE 19805
MULTI_FAMILY - WILMINGTON, DE
Property Size1,360 SF
Price / SF$183.46
Days on Market6
Property Features for 1112 S RODNEY STREET
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
CLELAND HEIGHTS
Standard status
Active
Size
1,360 SF
Building Details
Year built
1940
Listing Agency:
BHHS Fox & Roach Greenville Home Marketing Center · Berkshire Hathaway HomeServices
(302) 571-8855
Listed By:
Bruno Caputo
(302) 463-8670
Added: Jul 30
Changed: Aug 1
Last Checked: Aug 4 at 4:06PM
MLS# DENC2107700
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key duplex offers two independently accessed units, each with a private entrance. Both units share access to the backyard, and street parking is available. The property was built in 1940 and the units were recently renovated in 2024, supporting a low-maintenance setup for either ownership or rental use. The duplex configuration and separate entrances can also be appealing for owner-occupants who want rental income alongside their own unit.
Tenants are responsible for gas and electric, while the owner covers water. Appointments require 24-hour notice. An adjacent property at 1114 S. Rodney is also available for sale.
The subject property is located at 1112 S Rodney Street in Wilmington, Delaware 19805 (New Castle County).
Tenants are responsible for gas and electric, while the owner covers water. Appointments require 24-hour notice. An adjacent property at 1114 S. Rodney is also available for sale.
The subject property is located at 1112 S Rodney Street in Wilmington, Delaware 19805 (New Castle County).
Key Highlights
- Two units each with a private entrance
- Recently renovated in 2024
- 1,360 square feet total building size
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.0k | $16.20 |
| − Vacancy | −$1.4k | −$1.05 |
| EGI | $20.6k | $15.15 |
| − OpEx | −$6.2k | −$4.54 |
| NOI | $14.4k | $10.60 |
1,360 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$206.0K
$180.3K – $240.3K
NOI $14,420 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$184.0K
$161.0K – $214.7K
NOI $12,882 @ 7.0% cap · market cap 5.16%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turn-key duplex with private unit entrances and recent 2024 renovations, plus shared backyard access and street parking.
Where is this duplex located?
The property is located at 1112 S RODNEY STREET 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: Two units each with a private entrance; Recently renovated in 2024; 1,360 square feet total building size
