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Marjorie Dick Stuart

  • Cell 240-731-8079
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103 Mercer Mill Rd, LANDENBERG, PA – $649,900

  • $650k Price
  • 3,770 Sqft
  • .6 Acres
  • 22 DOM
  • $650k Price
  • 3,770 Sqft
  • .6 Acres
  • 22 DOM

103 Mercer Mill Rd

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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Essential Information

  • MLS® #PACT2111772
  • Price$649,900
  • Bathrooms0.00
  • Square Footage3,770
  • Acres0.60
  • Year Built1880
  • TypeMulti-Family
  • Sub-TypeQuadruplex,Detached
  • StyleTraditional
  • StatusActive

Community Information

  • Address103 Mercer Mill Rd
  • AreaNew Garden Twp
  • CityLANDENBERG
  • CountyCHESTER-PA
  • StatePA
  • MunicipalityNEW GARDEN TWP
  • Zip Code19350

Interior

  • HeatingHot Water
  • CoolingNone

Exterior

  • ExteriorStone
  • RoofShingle
  • ConstructionStone
  • FoundationStone

School Information

  • DistrictKENNETT CONSOLIDATED

Additional Information

  • Date ListedOctober 31st, 2025
  • Days on Market22
  • ZoningR1

Listing Details

  • OfficeIron Valley Real Estate Exton
  • Office Contactsherricustodio@gmail.com
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Listing information last updated on November 21st, 2025 at 1:57am CST.