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Asking Price - $599,900
Days on Market - 128
103 Mercer Mill Road
Landenberg, PA 19350
Featured Agent
EveryHome Realtor
Asking Price
$599,900
Days on Market
128
# of Units
4
1 Bdrm Units
2
2 Bdrm Units
1
3 Bdrm Units
1
Acres
0.60
Interior SqFt
3,770
Age
146
Heating
Propane
Cooling
N/A
Sewer
Private
Garages
0
Taxes (2025)
6,375
Additional Details Below
EveryHome Realtor
Views: 282
Featured Agent
EveryHome Realtor
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.
Location
Driving Directions
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.
Listing Details
Summary
Architectural Type
•Traditional
Utilities
Heating
•Hot Water, Propane - Leased
Hot Water
•Electric, Propane
Property History
Mar 5, 2026
Price Decrease
$624,900 to $599,900 (-4.00%)
Dec 17, 2025
Price Decrease
$649,900 to $624,900 (-3.85%)
Miscellaneous
Lattitude : 39.777695
Longitude : -75.772026
MLS# : PACT2111772
Views : 282
Listing Courtesy: Aaron Jones of Iron Valley Real Estate Exton
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Notes
Page: © 2026 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. For information on those properties withheld from the internet, please call 215-699-5555
