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For sale
  • Price cut: $25K (12/17)
    $624,900

    103 Mercer Mill Rd, Landenberg, PA 19350

    7beds
    --baths
    3,770sqft
    : 
    Quadruplex
    Built in 1880
    -- sqft lot
    $590,100 Zestimate®
    $166/sqft
    $-- HOA

    What's special

    Peaceful country environmentUnique layout and charmQuiet rural setting
    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.
    72 days
    |
    1,925
    |
    60
    |

    Zillow last checked: 8 hours ago

    Listing updated: December 17, 2025 at 05:07am

    Listed by:

    Aaron Jones 610-850-3535,

    Iron Valley Real Estate Exton 610-561-1111

    Source: Bright MLS,MLS#: PACT2111772MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    Basement
    • Area: 0
    Heating
    • Hot Water, Propane
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater, Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 3,770
    • Total interior livable area: 3,770 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 7
    • Parking features: Off Street
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 0.6 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 6005 0054
    • Zoning: R1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    Materials
    • Stone
    • Foundation: Stone
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1880

    Utilities & green energy

    • Sewer: Private Sewer
    • Water: Well

    Community & HOA

    Location
    • Region: Landenberg
    • Municipality: NEW GARDEN TWP

    Financial & listing details

    • Price per square foot: $166/sqft
    • Tax assessed value: $146,790
    • Annual tax amount: $6,375
    • Date on market: 10/31/2025
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional,Other,Negotiable
    • Exclusions: Tenants Personal Property, Propane Tank
    • Ownership: Fee Simple
    • Total actual rent: 59400
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    Estimated market value

    $590,100

    $561,000 - $620,000

    $1,603/mo

    Price history

    Price history
    DateEventPrice
    12/17/2025Price change$624,900-3.8%$166/sqft
    Source: Bright MLS #PACT2111772 Report a problem
    10/31/2025Listed for sale$649,900-38.8%$172/sqft
    Source: Bright MLS #PACT2111772 Report a problem
    7/5/2023Sold$1,062,500-18.2%$282/sqft
    Source: Bright MLS #PACT2035568 Report a problem
    3/26/2023Contingent$1,299,000$345/sqft
    Source: Bright MLS #PACT2035568 Report a problem
    10/28/2022Listed for sale$1,299,000$345/sqft
    Source: Bright MLS #PACT2035568 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $3,807/mo
    Principal & interest
    $2974
    Property taxes
    $614
    Home insurance
    $219

      Climate risks

      Neighborhood: 19350

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • District: Kennett Consolidated

      Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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