103 Mercer Mill Rd, Landenberg, PA 19350
- $549,900
- 3,770
- SqFt
- List Price
- $549,900
- Price Change
- ▼ $50,000 1781984653
- Days on Market
- 314
- Status
- ACTIVE
- MLS#
- PACT2111772
- Living Area
- 3,770
- Lot Size (Acres)
- 0.6000000000000001
- Style
- Traditional
- Year Built
- 1880
- County
- Chester
- School District
- Kennett Consolidated
Property Description
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.
/u.realgeeks.media/searchchestercounty/header2.png)
Additional Information
- Area
- New Garden Twp (10360)
- Taxes
- $6375
- School District
- Kennett Consolidated
- Heating
- Hot Water
- Heating Fuel
- Propane - Leased
- Cooling
- None
- Roof
- Shingle
- Water
- Well
- Sewer
- Private Sewer
Mortgage Calculator
Listing courtesy of Iron Valley Real Estate Exton. Contact: sherricustodio@gmail.com
© 2026 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.