103 Mercer Mill Rd, Landenberg, PA 19350
Local realty services provided by:ERA Martin Associates
Listed by: aaron alexander jones
Office: iron valley real estate exton
MLS#:PACT2111772
Source:BRIGHTMLS
Price summary
- Price:$599,900
- Price per sq. ft.:$159.12
About this home
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....
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Home facts
- Year built:1880
- Listing ID #:PACT2111772
- Added:208 day(s) ago
- Updated:May 26, 2026 at 01:32 PM
Rooms and interior
- Bedrooms:7
- Living area:3,770 sq. ft.
Heating and cooling
- Heating:Hot Water, Propane - Leased
Structure and exterior
- Roof:Shingle
- Year built:1880
- Building area:3,770 sq. ft.
- Lot area:0.6 Acres
- Architectural Style:Traditional
- Construction Materials:Stone
- Foundation Description:Stone
Utilities
- Water:Well
- Sewer:Private Sewer
Finances and disclosures
- Price:$599,900
- Price per sq. ft.:$159.12
- Tax amount:$6,375 (2025)
Parking
- Parking description:Off Street
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