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$624,900

  • For Sale
  • Active
  • Single Family
  • 3,770 Sq. Ft.
  • Updated 13 days ago
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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.

Full Property Details for 103 Mercer Mill Rd

General

  • Price: $624,900
  • Taxes: $6,375 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PACT2111772
  • Updated: 12/17/2025
  • Added to Site: 78 day(s) ago

Parking

  • Total Spaces: 7
  • Parking Type: Off Street

Location

  • Area: New Garden Twp (10360)
  • Municipality: NEW GARDEN TWP
  • County: CHESTER
  • Cross Streets: Penn Green Road
  • Driving Directions: Heading west on Route 41, turn left onto Penn Green Road. Follow for 2.9 miles and destination is on right. Heading east on Route 41, turn right onto Penn Green Road. Follow for 2.9 miles and destination is on right.

School Information

  • School District: Kennett Consolidated

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water
  • Heating Fuel: Propane - Leased
  • Water Heater: Electric, Propane

Utilities

  • Sewer: Private Sewer
  • Water: Well

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Detached
  • Construction: Stone
  • Foundation: Stone
  • Roof: Shingle
  • Square Feet: 3,770
  • Sq. Ft. Source: Assessor
  • Living Area: 3,770 Sq. Ft.
  • Finished Above Grnd: 3,770 Sq. Ft.
  • Year Built: 1880
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.6
  • Lot Size (Sq. Ft.): 26,231
  • Lot Size Source: Assessor
  • Zoning: R1

Financial Considerations

  • Price Per Sq. Ft.: $165.76
  • Assessment Year: 2025
  • School Tax: $5,137
  • City/TownTax: $480
  • City/TownTax Freq: Annually
  • County Tax: $758
  • County Tax Freq: Annually
  • Tax w/Assessment: $146,790
  • Tax Amount: $6,375
  • Tax Year: 2025
  • Owner Pays: Heat, Lawn/Shrub Care, Sewer Maintenance
  • Tax Total Finished Sq. Ft.: 3770

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenants personal property, Propane Tank
  • Lot Number: 54

Listed by Iron Valley Real Estate Exton, Aaron Alexander Jones

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Listing agent

— 103 Mercer Mill Rd —

  • Aaron Alexander Jones

    Iron Valley Real Estate Exton

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 103 Mercer Mill Rd

School District:Kennett Consolidated School District
NameGradesDistance
Mary D Lang Kdg Center
409 Center Street, Kennett Square, PA 19348
K-5.5 mi
Kennett Middle School
195 Sunny Dell Road, Landenberg, PA 19350
6-81.9 mi
Kennett High School
100 East South Street, Kennett Square, PA 19348
9-125.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 103 Mercer Mill Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/17/2025
Price Reduced
$624,900
-3.85%
MLS
10/31/2025
Listed
$649,900
13.03%
MLS
9/29/2023
Sold
$575,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 103 Mercer Mill Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,177
51%
$146,790
44%
2024
$4,088
3%
$102,070
—
2023
$3,951
13%
$102,070
—
2022
$3,486
-7%
$102,070
—
2020
$3,729
-1%
$102,070
—
2020
$3,781
1%
$102,070
—
2019
$3,729
2%
$102,070
—
2018
$3,671
2%
$102,070
—
2017
$3,596
4%
$102,070
—
2016
$3,442
—
$102,070
—
2015
$3,442
1%
$102,070
—
2014
$3,392
—
$102,070
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 103 Mercer Mill Rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Iron Valley Real Estate Exton, Aaron Alexander Jones

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103 Mercer Mill Road, Landenberg, PA 19350 (MLS# PACT2111772) is a Single Family property with 0 bedrooms and 0 full bathrooms. 103 Mercer Mill Road is currently listed for $624,900 and was received on October 31, 2025. Want to learn more about 103 Mercer Mill Road? Do you have questions about finding other Single Family real estate for sale in Landenberg? You can browse all Landenberg real estate or contact a Coldwell Banker agent to request more information.

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