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103 Mercer Mill Rd
For Sale $624,900 ($165.76 per Sq Ft)
$624,900 ($165.76 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 3,770 Sq Ft
- 26,231 Sq Ft
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. 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $624,900 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,770 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1880 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 6005 0054 |
| MLS # | PACT2111772 |
| Property ID | 318804248 |
| Lot Sqft | 26,231 |
| Zoning | R1 |
| Total Units | 4 |
| Days on Market | 101 |
| Original List Price | Unknown |
| Date Updated | December 17, 2025 |
| Date Created | October 30, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $59,400 | $0 |
Listing Provided By
Aaron Alexander Jones an agent of . Lic #RS377443
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Data last updated: February 08, 2026.
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Robert Crawford
REAL ESTATE AGENT