103 MERCER MILL RD Landenberg, PA 19350 Price Dropped by $25K

UPDATED: 12/17/2025 05:07 PM ON MARKET: 97 days on market

$624,900

3,770 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,770 sqft

Price per Sqft $165

MLS Listing ID PACT2111772

Style Traditional

Abv Grd Liv Area 3,770

Year Built 1880

Available Date 2025-10-31

Annual Tax Amount $6,375

Tax Year 2025

Lot Size 0.602 Acres

Acres 0.6

Lot Dimensions 0.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

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.