Four-Unit Multifamily
103 MERCER MILL Road Landenberg, PA 19350
For Sale
$549,900
MULTI_FAMILY - Other - LANDENBERG, PA
Property Size3,770 SF
Lot Size0.60 Acres
Price / SF$145.86
Days on Market268
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 Agency:
Iron Valley Real Estate Exton
(610) 561-1111
Listed By:
Aaron Alexander Jones · License #RS377443
(610) 850-3535
Added: Oct 31, 2025
Changed: Jul 4
Last Checked: Jul 25 at 4:06AM
MLS# PACT2111772
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.
Investment Insights
Based on property information with market context.
This for-sale four-unit multifamily property offers a total of 3,770 square feet of residential space on a 0.6-acre lot. The unit mix includes one 3-bedroom, 1-bath unit; one 2-bedroom, 1-bath unit; and two 1-bedroom, 1-bath units. The current total rent roll is stated as $4,950 per month. The owner notes potential for value-add through cosmetic renovation of a 1-bedroom unit, as well as possible utility restructuring for propane/heat and well expenses that are currently owner-paid.
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.
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.
Key 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
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 |
3,770 SF · lease $19.20/SF/yr · vacancy 14.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$618.9K
$541.5K – $722.0K
NOI $43,322 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$584.0K
$511.0K – $681.3K
NOI $40,880 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,012 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit rental property with a mix of 3-, 2-, and 1-bedroom units and an established monthly rent roll.
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 $549,900.
What are key features of this property?
This property features: 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
