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For sale
  • Price cut: $25K (3/5)
    $599,900

    103 Mercer Mill Rd, Landenberg, PA 19350

    7beds
    --baths
    3,770sqft
    : 
    Quadruplex
    Built in 1880
    -- sqft lot
    $565,500 Zestimate®
    $159/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.
    145 days
    |
    2,725
    |
    53
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 05, 2026 at 09:17am

    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: $159/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

        $565,500

        $537,000 - $594,000

        $1,872/mo

        Price history

        Price history
        DateEventPrice
        3/5/2026Price change$599,900-4%$159/sqft
        Source: Bright MLS #PACT2111772 Report a problem
        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
        $3,631/mo
        Principal & interest
        $3041
        Property taxes
        $590
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          Climate risks

          Neighborhood: 19350

          Getting around

          4 / 100
          Car-Dependent
          2 / 100
          Somewhat Bikeable

          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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