103 Mercer Mill Road • Landenberg, PA 19350

$624,900 Beds: 0 • Baths:Sq. Feet: 3770 • MLS ID: PACT2111772 • Subdivision:School Dist: KENNETT CONSOLIDATED
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. View this listing at: http://dawnhickernell.com/mls=PACT2111772

Property Features

  • Taxes: $6,375
  • Roof Type: Shingle
  • Exterior: Stone
  • Lot Size: 0.60 Acres
  • Lot Dimensions: 0.60 Acre(S)
  • Heating: Hot Water
  • Fuel Type: Propane - Leased
  • Cooling: None
  • Year Built: 1880
  • Water: Well
  • Sewer: Private Sewer
  • Units: 4
  • One Bedroom Units: 2
  • Two Bedroom Units: 1
  • Three Bedroom Units: 1
  • Municipality: NEW GARDEN TWP
  • Additional Structures: Above Grade,Below Grade
  • Structure Type: Detached
  • Total Garage/Parking Spaces: 7

School Information

  • School District: KENNETT CONSOLIDATED
Printed March 03, 2026


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Dawn Hickernell 

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