Images
Request Info$549,900
ACTIVE
103 MERCER MILL ROAD Overview
- Time on Site:
- 243 days
- Visits:
- 83
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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103 MERCER MILL ROAD Facts & Features
- Type Multi-Family
- Sq. ft. 3,770
- Price/Sq.ft. $146
- Lot 0.60 Acres
Details
General
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 3770
- Year Built: 1880
Location/Region
- Country: US
- County: CHESTER
- County Or Parish: CHESTER
- MLS Area Major: New Garden Twp (10360)
Parking Information
- Total Parking Spaces: 7
- Type of Parking: Off Street
Tax Information
- City/Town Tax: 480.00
- City/Town Tax Payment Frequency: Annually
- County Tax: 758.00
- County Tax Payment Frequency: Annually
- School Tax: 5137.00
- Tax Annual Amount: $6,375.00
- Tax Assessed Value: 146790.00
- Tax Year: 2025
General Information
- Exclusions: Tenants personal property, Propane Tank
- Property Sub Type: Quadruplex
- Property Type: Multi-Family
- Rent Control: No
- School District Name: KENNETT CONSOLIDATED
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2025
- Zoning: R1
Interior
Building Information
- Cooling Fuel: None
- Heating Fuel: Propane - Leased
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: Detached
Building Interior
- Above Grade Finished Area: 3770
- Above Grade Finished Area Source: Assessor
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Assessor
- Below Grade Finished Area Units: Square Feet
- Central Air: No
- Hot Water: Electric,Propane
General Information
- Accessibility Features: None
- Cooling: None
- Fireplace: No
- Foundation Details: Stone
- Living Area: 3770
- Living Area Source: Assessor
Unit Information
- One Bedroom Units Count: 2
- Single Room Units Count: 0
- Three Bedroom Units Count: 1
- Two Bedroom Units Count: 1
Exterior
Lot Information
- Lot Dimensions Source: Assessor
- Lot Size Acres: 0.60
- Lot Size Source: Assessor
- Lot Size Square Feet: 26231.00
- Lot Size Units: Square Feet
- Water Source: Well
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Traditional
- Construction Materials: Stone
- Roof: Shingle
General Information
- Number Of Units Leased: 4
- Number Of Units Total: 4
- Number Of Units Vacant: 0
- Other Structures: Above Grade,Below Grade
- Sewer: Private Sewer
- Water Access: No
103 MERCER MILL ROAD Neighborhood
Community
19350 (LANDENBERG) Demographics
44
Median Age
412
Population Density (per sq. mile)
67%
College Educated
$141,875
Estimated Median Income
3,712
Estimated Total Home Owners
424
Estimated Total Renters
90% / 10%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
103 MERCER MILL ROAD Monthly Cost
103 MERCER MILL ROAD Market Data
Based on the last 30 days in this zip code
$758,125
Average List Price
$216
Average Price per Square Foot
10
Properties Sold
42
Average Days on Market
33
Properties for Sale
103 MERCER MILL ROAD History
| Date | Value | Agent |
|---|---|---|
| 6/20/2026Source: BRIGHT MLS | $549,900 -8.3% |
|
| 3/5/2026Source: BRIGHT MLS | $599,900 -4.0% |
|
| 12/17/2025Source: BRIGHT MLS | $624,900 -3.8% |
|
| 10/30/2025Source: BRIGHT MLS | ACTIVE |
|
| 10/29/2025Source: BRIGHT MLS | October 29, 2025 |
|
| 12/3/2024Source: BRIGHT MLS | CLOSED |
|
| 12/3/2024Source: BRIGHT MLS | January 06, 2023 |
Listing provided courtesy of Iron Valley Real Estate Exton- MLS# PACT2111772
Contact Information: 6105611111
Contact Information: 6105611111