Landenberg, PA 19350 103 Mercer Mill Road

103 Mercer Mill Road Landenberg, PA - Image 1103 Mercer Mill Road Landenberg, PA - Image 2103 Mercer Mill Road Landenberg, PA - Image 3
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Presented By: Iron Valley Real Estate Exton
  • MLS# PACT2111772
  • 10/29/2025
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Home Details

Discover a profitable value-add multi-family investment in the heart of Landenberg. This income-producing 4-unit property is set in a peaceful country environment with strong rental demand and long-term tenant stability. With a current total rent roll of $4,950/month and value-add potential this property offers both immediate cash flow and excellent growth upside. Each unit features its own unique layout and charm: one 3-bedroom 1-bath unit, one 2-bedroom 1-bath unit, and two 1-bedroom 1-bath units. Rents are strong, and cosmetic renovation of the 1BR unit could boost income $400/month. Additional upside comes from utility restructuring propane/heat and well expenses are currently owner-paid but may be transferred to tenants to improve operating margins by $6000/year. There is also potential to add coin-operated laundry for an extra revenue stream and added convenience. Located in highly desirable Landenberg, tenants enjoy the quiet rural setting while remaining close to Newark, DE, Kennett Square, local amenities, and top-rated schools. 103 Mercer Mill Rd checks all the boxes for stable returns with room to grow.
Presented By: Iron Valley Real Estate Exton

Interior Features for 103 Mercer Mill Road

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelPropane - Leased
Heating Y/NYes
Hot WaterElectric, Propane

General for 103 Mercer Mill Road

Acceptable FinancingCash, Conventional, Other, Negotiable
AccessibilityNone
Architectural StyleTraditional
CityLANDENBERG
Construction MaterialsStone
Cool FuelNone
CoolingNone
CountyCHESTER
DirectionsHeading west on Route 41, turn left onto Penn Green Road. Follow for 2.9 miles and destination is on right. Heading east on Route 41, turn right onto Penn Green Road. Follow for 2.9 miles and destinati
ExclusionsTenants personal property, Propane Tank
Garage Y/NNo
HeatingHot Water
Home Warranty Y/NNo
Living Area3770
Lot Size Square Feet26231.00
Lot Size UnitsSquare Feet
MLS AreaNew Garden Twp (10360)
MunicipalityNEW GARDEN TWP
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
OwnerPaysHeat, Lawn/Shrub Care, Sewer Maintenance
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG172.39
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
School DistrictKENNETT CONSOLIDATED
SewerPrivate Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount6375.0
Tax Assessed Value146790.0
Tax Lot0054
Tax Year2025
Total Actual Rent59400.00
Total SQFT3770
Two Bedroom1
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Year Built1880
Year Built SourceAssessor
ZoningR1

Exterior for 103 Mercer Mill Road

Foundation DetailsStone
Land Assessed Value31140.00
Land Use CodeR40
Lot Dimensions0.00 x 0.00
Lot Size Acres0.60
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Off Street - # of Spaces7
PoolNo Pool
Total Parking Spaces7
Type of ParkingOff Street
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $649,900
MLS#PACT2111772
List Date 10/29/2025
Property Type Multi-Family
Phone 703.929.4729
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