103 MERCER MILL Road, Landenberg, PA 19350

Building Details

Year built

1880

Number of units

4

Building materials

Stone

Architectural style

Other

Listing agent Aaron Alexander Jones License #RS377443 Show Phone

Listing office Iron Valley Real Estate Exton c***@ivreexton.com 686 Wharton Boulevard, Exton, PA Show Phone

Listing date Oct 31, 2025

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MLS# PACT2111772 Listing URL

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Overview

Located in Landenberg, PA, this income-producing four-unit multifamily property offers a value-add investment opportunity. The property is situated in a peaceful country environment with strong rental demand and long-term tenant stability. The current total rent roll is $4,950 per month. The property consists of one three-bedroom, one-bath unit; one two-bedroom, one-bath unit; and two one-bedroom, one-bath units, each with its own unique layout. Cosmetic renovation of one of the one-bedroom units could potentially increase income. There is potential for utility restructuring, as propane/heat and well expenses are currently owner-paid but may be transferred to tenants. There is also potential to add coin-operated laundry for an extra revenue stream. The property is located close to Newark, DE, Kennett Square, local amenities, and top-rated schools. The lot size is 0.6 acres and the property size is 3,770 square feet.

Suggested Use

Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center HVAC Service Electrical Service Electronics & Wireless Store Grocery & Convenience Store Cafe & Coffee Shop Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Landenberg

County

Chester

State

Pennsylvania

Longitude

-75.7720261

Latitude

39.7776947

FAQs

What type of property is this?

Quadplex - Four-unit property with income and value-add potential in Landenberg.

Where is this quadplex located?

The property is located at 103 MERCER MILL Road Landenberg, PA.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Income‑producing 4‑unit property with a current rent roll of $4,950/month.; Value‑add potential through cosmetic renovation of a 1BR unit to increase income by $400/month.; Opportunity to improve operating margins by $6000/year by transferring utility expenses to tenants.