103 MERCER MILL Road, Landenberg, PA 19350
MULTI_FAMILY - Other - LANDENBERG, PA
- Added:
- Oct 31, 2025
- Days on Market:
- 252
- Last Refresh:
- Jul 9 at 5:06 am
Property Features for 103 MERCER MILL Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 7
- Parking features
- Off Street
- Standard status
- Active
- Size
- 3,770 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6375
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1880
- Number of units
- 4
- Building materials
- Stone
- Architectural style
- Other
Listing agent Aaron Alexander Jones License #RS377443 (610) 850-3535
Listing office Iron Valley Real Estate Exton 686 Wharton Boulevard, Exton, PA (610) 561-1111
Listing date Oct 31, 2025
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4‑unit multifamily investment built in 1880 in Landenberg
- Current total rent roll of $4,950/month with unit mix: 1x 3BR/1BA, 1x 2BR/1BA, and 2x 1BR/1BA
- Cosmetic renovation potential on 1BR unit could boost income by $400/month
- Owner‑paid propane/heat and well expenses may be restructured to tenants to improve operating margins by $6,000/year
- Off‑street parking; heating is Hot Water
- Potential to add coin‑operated laundry for additional revenue
Overview
The property is located at 103 Mercer Mill Road in Landenberg, Pennsylvania, in a country setting. The listing indicates tenants can access nearby conveniences while staying near Newark, Delaware, and Kennett Square.
For prospective owners or operators, the configuration supports a blended tenant mix across larger and smaller unit types. With utilities currently described as owner-paid for propane/heat and well, there may be opportunity to review expense allocation strategies. The listing also notes potential to add coin-operated laundry to create additional resident convenience and potential supplemental revenue.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.4k | $19.20 |
| − Vacancy | −$10.5k | −$2.78 |
| EGI | $61.9k | $16.42 |
| − OpEx | −$18.6k | −$4.92 |
| NOI | $43.3k | $11.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Landenberg
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.7720261
- Latitude
- 39.7776947
