103 Mercer Mill Rd, Landenberg, PA 19350

Landenberg
Local realty services provided by:Better Homes and Gardens Real Estate Premier
103 Mercer Mill Rd,Landenberg, PA 19350
$599,900
Virtual Tour
  • 7 Beds
  • - Baths
  • 3,770 sq. ft.
  • Multi-family
  • Active
Listed by: aaron alexander jones
Office: iron valley real estate exton
MLS#:PACT2111772
Source:BRIGHTMLS

Price summary

  • Price:$599,900
  • Price per sq. ft.:$159.12

About this home

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,...

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Home facts

  • Year built:1880
  • Listing ID #:PACT2111772
  • Added:152 day(s) ago
  • Updated:March 31, 2026 at 01:32 PM

Rooms and interior

  • Bedrooms:7
  • Living area:3,770 sq. ft.

Heating and cooling

  • Heating:Hot Water, Propane - Leased

Structure and exterior

  • Roof:Shingle
  • Year built:1880
  • Building area:3,770 sq. ft.
  • Lot area:0.6 Acres
  • Architectural Style:Traditional
  • Construction Materials:Stone
  • Foundation Description:Stone

Utilities

  • Water:Well
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$599,900
  • Price per sq. ft.:$159.12
  • Tax amount:$6,375 (2025)

Parking

  • Parking description:Off Street

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