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MLS: #PACT2111772, Listed By: Aaron Jones, Iron Valley Real Estate Exton, Source:Bright MLS

103 Mercer Mill Road

LANDENBERG, PA 19350

$599,900 $2,529/Mo

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Overview

Bed

Bath

3,770

Sqft

0.60

Acre(Lot)

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 pote ntial 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.

Property Details

Property Type : Residential Income

Price : $599,900

AD Id : 68298038

MLS Id : PACT2111772

Beds : 7

Lot Size : 0.60 Acre

Living Area Size : 3,770

Year Built : 1880

County : CHESTER

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Electric Water Heater, Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Propane, Hot Water Cooling: None

Building Information

Year Built: 1880 Building Area Total: 3770 Construction Materials: Stone Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 0.00 x 0.00 Lot Size Acres: 0.6 Lot Size Source: Assessor Lot Size Square Feet: 26231

Listing Price Information

Listing Price: $599900

Tax Information

Parcel Number: 60-05 -0054 Tax Lot: 0054 Tax Year: 2025 Annual Tax: $6375

Parking Information

Parking Total: 7 Off Street

Location Information

Direction: Heading 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 destination is on right. WaterSource: Well

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
113 Landenberg Road, Landenberg, PA, 19350	$3,000,000	--	--	4,274	4,274 SqFt

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ByOwner last updated this listing 06/15/2026 @ 02:29

MLS: PACT2111772 LISTED BY: Aaron Jones, Iron Valley Real Estate Exton 610-561-1111 SOURCE: Bright MLS