103 Mercer Mill Rd

Landenberg, PA 19350

$624,900
Price
—
Beds
—
Baths
3,770 Sq. Ft.
$166 / Sq. Ft.
3,770
Sq. Ft.
$166
per Sq. Ft.
a front view of a house with a garden
a backyard of a house with table and chairs
a living room with furniture a rug and white walls
a dining room with furniture and window
a view of a dining room with furniture and wooden floor
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a kitchen with stainless steel appliances a stove and cabinets
a view of a room with gym equipment
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a kitchen with sink cabinets and wooden floor
a kitchen with granite countertop a sink cabinets and stainless steel appliances
a view of a kitchen with fridge and workspace
a kitchen with granite countertop white cabinets and white appliances
a living room with furniture and wooden floor
a living room with patio furniture and a large window
a living room with furniture and a book shelf
a living room with furniture and wooden floor
a living room with furniture and a wooden floor
a bedroom with a bed and a closet
a bedroom with a bed a dresser and next to a window
a bathroom with a sink toilet and shower
a bedroom with a bed and wooden floor
a bedroom with a bed and a flat screen tv
a bathroom with a sink a toilet and mirror
a room with storage and utility
a bedroom with furniture and a wooden floor
a bathroom with a sink a toilet and mirror
a bedroom with furniture and a wooden floor
a living room with furniture and a flat screen tv
a bathroom with a sink and a toilet
a view of a workspace with furniture and wooden floor
a living room with furniture and a flat screen tv
a view of a workspace
a bed room with two beds and a couch
a bedroom with a bed and a window
a bedroom with a bed and wooden floor
front view of a house with a yard
a backyard of a house with chairs and table
a aerial view of a house with a yard and plants
a backyard of a house with lots of green space
a car parked on the side of the road

Description

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....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.

Property Details for 103 Mercer Mill Road

Tax ID Number
60-05 -0054
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
No
Expected On Market Date
10-31-2025
Cross Street
Penn Green Road
LISTING UPDATED: 12/17/2025 01:07 PM

Property Details for 103 Mercer Mill Road

StatusActive
MLS #PACT2111772
Days on Market61
Taxes$6,375 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1880
Lot Size0.60 AC / 26,231 SF
CountyChester County

Location

Listing Courtesy of Iron Valley Real Estate Exton
Add your commute

Building Information for 103 Mercer Mill Road

Stories-Residences4Year Built1880Building Size-Lot Size0.60 AC / 26,231 SF

Payment Calculator

$3,619 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,088

Property Taxes

$531

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 103 Mercer Mill Road

Location
Location
  • School District Name: KENNETT CONSOLIDATED
  • School District County ID: 300200397335
  • SchoolDistrictSource: Listing Agent
  • County: CHESTER
  • MLS Area: New Garden Twp (10360)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $146,790
  • Year Assessed: 2025
  • County Tax: $758
  • Improvement Assessed Value: $115,650
  • City Town Tax: $480
  • Land Assessed Value: $31,140
  • Clean Green Assessed: No
  • Land Use Code: R40
  • Zoning: R1
  • Tax Lot: 0054
  • School Tax: $5,137
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Heat, Lawn/Shrub Care, Sewer Maintenance
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Rent Control: No
Financial Information
Financial Information
  • Annual Rental Income: $59,400
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,770.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 368207
Parking
Parking
  • Type Of Parking: Off Street
  • Off Street - # of Spaces: 7
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Propane - Leased
  • Hot Water: Electric, Propane
  • Water Source: Well
  • Sewer Septic: Private Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 103 Mercer Mill Road

DateEvent & SourcePriceAppreciation
Dec 17, 2025

Price Change

BRIGHT #PACT2111772

$624,900—
Oct 31, 2025

Listed (Active)

BRIGHT #PACT2111772

$649,900—
Sep 29, 2023

Closed (Public Record)

Public Record #1520220406

$575,000—
Jul 5, 2023

Closed

BRIGHT #PACT2035568

$1,062,500—
Mar 23, 2023

Pending

BRIGHT #PACT2035568

—
Mar 23, 2023

Active Under Contract

BRIGHT #PACT2035568

—
Oct 28, 2022

Listed (Active)

BRIGHT #PACT2035568

$1,299,000—
Mar 31, 2001

Expired

BRIGHT #PACT312274

$200,000—
Sep 6, 2000

Listed (Active)

BRIGHT #PACT312274

$200,000—
Feb 14, 2000

Withdrawn

BRIGHT #PACT399184

$200,000—
Feb 14, 2000

Listed (Active)

BRIGHT #PACT399184

$200,000—
DateEvent & SourcePrice
12/17/2025

Price Change

BRIGHT #PACT2111772

$624,900
10/31/2025

Listed (Active)

BRIGHT #PACT2111772

$649,900
09/29/2023

Closed (Public Record)

Public Record #1520220406

$575,000
07/05/2023

Closed

BRIGHT #PACT2035568

$1,062,500
03/23/2023

Pending

BRIGHT #PACT2035568

—
03/23/2023

Active Under Contract

BRIGHT #PACT2035568

—
10/28/2022

Listed (Active)

BRIGHT #PACT2035568

$1,299,000
03/31/2001

Expired

BRIGHT #PACT312274

$200,000
09/06/2000

Listed (Active)

BRIGHT #PACT312274

$200,000
02/14/2000

Withdrawn

BRIGHT #PACT399184

$200,000
02/14/2000

Listed (Active)

BRIGHT #PACT399184

$200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 103 Mercer Mill Road

Taxable ValueLand$31,140Additions$115,650Total$146,790
Tax Record2025$6,177 ($515 / month)
Home Facts
Total Finished SqFt3,770 SqFtAbove Grade Finished SqFt3,770 SqFtLot Size26,231 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningR1CountyCHESTERAPN6005 00540000

Schools near 103 Mercer Mill Road

This home is within Kennett Consolidated School District.
Rating
School
Type
Grades
Distance
New Garden El School
Public - 1 to 5
Kennett Middle School
Public - 6 to 8
Kennett High School
Public - 9 to 12
Bancroft El School
Public - 1 to 5
Rating
School
Distance
New Garden El School
Public1 to 5

Kennett Middle School
Public6 to 8

Kennett High School
Public9 to 12

Bancroft El School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 103 Mercer Mill Road, Landenberg, PA 19350

103 Mercer Mill Road is a multi-family home for sale in Landenberg, PA 19350. This property was listed for sale on October 31, 2025 by Iron Valley Real Estate Exton, it's currently listed at $624,900. It has been on the market for a total of 61 days and was last sold on September 29, 2023. This listing's school district is Kennett Consolidated School District. Nearby schools include New Garden El School, Kennett Middle School and Kennett High School. 103 Mercer Mill Road is a 0-bed, 0-bath, 3,770 sqft multi-family home built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Iron Valley Real Estate Exton

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.