Patterson-Schwartz Real Estate103 Mercer Mill Road, Landenberg, PA 19350-9111 $649,900
Coming Soon
Interior Sq. Ft: 3,770
Acreage: 0.6
Age:145 years
Taxes: $6,375
Design/Type:
Detached
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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Hot Water Heating, Propane - Leased, None, None, Hot Water - Electric, Hot Water - Propane, Well Water, Private Sewer
Garage/Parking
Off Street
Exterior
Stone Foundation, Shingle Roof, Stone Exterior
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (4 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| New Garden Elementary School | Kennett Consolidated School District | 1–5 | Toughkenamon | 2.64 mi |
| North Star Elementary School | Red Clay Consolidated School District | K–5 | Hockessin | 3.18 mi |
| Avon Grove Charter School | Avon Grove Charter School | K–12 | West Grove | 3.67 mi |
| Bancroft Elementary School | Kennett Consolidated School District | 1–5 | Kennett Square | 4.87 mi |
Public Middle (4 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Kennett Middle School | Kennett Consolidated School District | 6–8 | Landenberg | 1.84 mi |
| Fred S Engle Middle School | Avon Grove School District | 7–8 | West Grove | 3.37 mi |
| Avon Grove Charter School | Avon Grove Charter School | K–12 | West Grove | 3.67 mi |
| duPont (H.B.) Middle School | Red Clay Consolidated School District | 6–8 | Hockessin | 4.56 mi |
Public High (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Avon Grove Charter School | Avon Grove Charter School | K–12 | West Grove | 3.67 mi |
Private (7 schools)
| School | Grades | Place | Distance | |
|---|---|---|---|---|
| Cacc Montessori School | Nonsectarian | Preschool–K | Hockessin | 2.83 mi |
| Landenberg Christian Academy | Christian (no specific denomination) | Preschool–5 | Landenberg | 3.45 mi |
| Assumption Bvm School | Roman Catholic | K–8 | West Grove | 3.65 mi |
| Avon Grove Nazarene Academy | Church of the Nazarene | Preschool–K | West Grove | 3.68 mi |
| The Independence School | Nonsectarian | Preschool–8 | Newark | 3.86 mi |
| Limestone Hills Day School | Nonsectarian | Preschool–K | Wilmington | 4.24 mi |
| The Hockessin Montessori School | Nonsectarian | Preschool–8 | Hockessin | 4.87 mi |
© 2025 LiveBy. All Rights Reserved.
This report is a detailed community overview for Landenberg (19350), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 31
- Average salary of people in this community: $91,710
Community Summary
- Population Density (ppl / mile): 406
- Household Size (ppl): 2.74
- Households w/ Children: 62%
Housing Inventory
- Owned: 3,796 (85.5%)
- Rented: 325 (7.3%)
- Vacant: 317 (7.1%)
- Total: 4,438
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.2%
- Some High School: 2.7%
- High School Graduate: 16.1%
- Some College: 13.8%
- Associate Degree: 6.9%
- Bachelor's Degree: 33.0%
- Graduate Degree: 26.3%
Income by dollar range
Median Income: $139,049
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- One Bedroom: $639
- Two Bedroom: $1,139
- Three Bedroom: $1,464
© 2025 LiveBy. All Rights Reserved.
Contact Information
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or call me now at 302-234-6018
Listing Courtesy of: Iron Valley Real Estate Exton , sherricustodio@gmail.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 10/29/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
