Renovated Duplex with Private
New
For Sale
$249,500
1114 S RODNEY STREET, Wilmington, DE 19805
MULTI_FAMILY - WILMINGTON, DE
Property Size1,360 SF
Price / SF$183.46
Days on Market6
Property Features for 1114 S RODNEY STREET
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
CLELAND HEIGHTS
Standard status
Active
Size
1,360 SF
Amenities
private entrance
backyard
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: Jul 31
Last Checked: Aug 4 at 3:06PM
MLS# DENC2107828
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.
Duplex (two units) totaling 1,360 SF, built in 1940. Each unit has its own private entrance, and both units share access to the backyard. Street parking is available.
The second-floor apartment was renovated in 2024, and the first-floor apartment was renovated in 2026. Tenant utilities are gas and electric, while the owner covers water.
The property is positioned for an owner-occupant or investor seeking a low-maintenance rental setup with independent unit access and recent interior updates.
The second-floor apartment was renovated in 2024, and the first-floor apartment was renovated in 2026. Tenant utilities are gas and electric, while the owner covers water.
The property is positioned for an owner-occupant or investor seeking a low-maintenance rental setup with independent unit access and recent interior updates.
Key Highlights
- 1,360 SF duplex built in 1940
- Second‑floor apartment renovated in 2024
- First‑floor apartment renovated in 2026
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
Yes
Utilities to site
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 - Duplex with private entrances, shared backyard access, and recently renovated second- and first-floor apartments.
Where is this duplex located?
The property is located at 1114 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: 1,360 SF duplex built in 1940; Second‑floor apartment renovated in 2024; First‑floor apartment renovated in 2026
