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$250,000
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Property 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.
Full Property Details
Full Property Details for 1114 S Rodney St
General
- Sold For: $250,000
- Taxes: $2,494 (2025)
- Status: Closed
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: DENC2107828
- Added to Site: 76 day(s) ago
Rental Information
- Lease Info: Month to Month
Interior
- Number of Rooms: 8
- Interior Features: Bathroom - Tub Shower, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Floor Plan - Traditional
- Appliances: Oven/Range - Gas, Refrigerator, Water Heater
- Flooring: Laminate Plank
Exterior
- Exterior Features: Fire Escape, Play Area, Sidewalks, Street Lights
Parking
- Parking Type: On Street
Location
- Area: Wilmington (30906)
- County: NEW CASTLE
- Subdivision: CLELAND HEIGHTS
- Cross Streets: Maryland Ave
- Driving Directions: SOUTH ON BROOM STREET RIGHT ONTO ST. ELIZABETH STREET AND LEFT ONTO S. RODNEY TO 1114
School Information
- School District: Christina
Heating & Cooling
- Cooling Type: None
- Heating Type: 90% Forced Air, Baseboard - Electric
- Heating Fuel: Natural Gas, Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Other
- Structure Type: Twin/Semi-Detached
- Construction: Brick, Concrete
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Full, Outside Entrance, Unfinished, Windows
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Rubber
- Walls/Ceilings: Dry Wall
- Windows: Double Hung, Energy Efficient, Screens
- Doors: Storm
- Stories/Levels: 2
- Square Feet: 2,040
- Sq. Ft. Source: Estimated
- Living Area: 1,360 Sq. Ft.
- Finished Above Grnd: 1,360 Sq. Ft.
- Year Built: 1940
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- Other Units: Unit 1, Unit 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Size Source: Estimated
- Lot Dimensions: 28 x 82
- Zoning: 26R-2
- Lot Description: Front Yard, Level, Rear Yard
Financial Considerations
- Price Per Sq. Ft.: $183.46
- Assessment Year: 2025
- School Tax: $354
- City/TownTax: $157
- City/TownTax Freq: Annually
- County Tax: $18
- County Tax Freq: Annually
- Tax w/Assessment: $42,000
- Tax Amount: $2,494
- Tax Year: 2025
- Terms: Standard Sale
- Owner Pays: Water, Taxes - Real Estate, Snow Removal, Sewer, Trash Collection, Insurance, Pest Control
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: NONE
- Inclusions: RANGE & REFRIGERATOR
- Lot Number: 97
Listed by BHHS Fox & Roach-Greenville, Bruno Caputo
Sold by Empower Real Estate, LLC, Nicolette Buoncristiano
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Schools
Schools serving 1114 S Rodney St
School District:Red Clay Consolidated School District
| Name | Grades | Distance |
|---|---|---|
Richardson Park Elementary School 16 Idella Avenue, Wilmington, DE 19804 | K-5 | 1.3 mi |
duPont (Alexis I.) Middle School 3130 Kennett Pike, Greenville, DE 19807 | 6-8 | 2.3 mi |
McKean (Thomas) High School 301 McKennans Church Road, Wilmington, DE 19808 | 8-12 | 5.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1114 S Rodney St
Date
Details
Price
Change
Source
9/04/2026
Sold
$250,000
0.2%
MLS
7/30/2026
Listed
$249,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1114 S Rodney Street, Wilmington, DE 19805 (MLS# DENC2107828) is a Single Family property that was sold at $250,000 on September 04, 2026. Want to learn more about 1114 S Rodney Street? Do you have questions about finding other Single Family real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

