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.
Multi-familyProperty Type
1880Year Built
0.6 acresLot Size
$146Price/Sq.Ft.
7 spacesParking
Listed by Aaron Jones• Iron Valley Real Estate Exton
103 Mercer Mill Road AKA Wool House Tax ID 60-05-0054 Property Class Apartment Wool House: 4 units, • two 1 bedroom 1 bath units, a month each plus Electric, • one 2-bedroom 1 bath unit, a month plus electric • one large 2-bedroom, 2 bath unit completely renovated in 2022, a month plus electric • a shared laundry room • 2 parking spaces each • approximately 3800 sq feet. Improvements: New roof, gutters and downspouts, and new windows 2018, Exterior paint 2018, New washer 2021, Newer dryer. All three properties plus the business are for SALE as a package. 102 Landenberg Road AKA Landenberg Hotel Tax ID 60-05-0114 Property Class Residential Hotel: The Iconic and charming Landenberg Hotel has many use options. The current use in the Main, largest unit is an office for a commercial hotel renovation and import business. That unit consist of a large Kitchen with new stainless-steel appliances a large dining area surrounded by windows, a living area with an extension into an office/parlor with 1⁄2 bath. A private staircase to the second floor has a bedroom and bath. All of which look onto the white Clay creek and a large deck. In addition, there is a library off the main entrance currently being used as another office. The main staircase accessed from the beautiful stained glass front entry door is flanked on the second floor by two bedrooms each with their own bath and access to the upper front deck, currently used as offices. There is a back entrance on the second floor to the back one- bedroom apartment with a private decked entrance, making that another versatile space. The third floor has a one -bedroom apartment with an open floor plan, Kitchen was renovated in 2010 and the large bedroom added with a private deck over-looking the White Clay creek. The entire Hotel can consist of 3 complete apartments plus a library and two additional bedrooms with private baths or a combination of offices and rental units. With approximately 3200 square feet of flexible possibilities. Improvements: New Roof 2015, New Front Porch both floors 2018, Parking is redone in 2013, Septic replaced 2012, New heat pump 2021 3rd floor apt only, upgraded electric panel 2020, New ultraviolet water treatment 2019, 3 rd -floor apartment rehabbed 2010 added kitchen with stainless and granite and added the bedroom, 1st floor apt/office new dishwasher and new stove 2019 never been used with granite countertops, 1/2 bath rehabbed 2010 100 Landenberg Road AKA Landenberg Store Tax ID 60-05-0113 Property Class Commercial Building and business for sale Landenberg Store; is currently an active general store serving breakfast, lunch, and dinner, local ice cream, penny candy, desserts, staples, and local artist wares. Approximately 2200 sq feet A small-town general store, woman-run and family-owned, located in the heart of rural Landenberg, Pennsylvania. We offer a wide selection of takeout meals, for breakfast, lunch, and dinner. Also known for the huge tasty cupcakes and specialty sandwiches like the Rueben, the road trip and the Turkey Brie and fig on Ciabatta to name a few! The store also offers a free book and puzzle exchange, local interest and referral board, directions and a friendly face. YOUR NEIGHBORHOOD DELI & SO MUCH MORE! 3,060 people like this on Facebook Where you can find pre-prepared dinner entrees, made-to-order breakfast and lunch sandwiches all day, desserts, assorted coffees, and more. .. .. . Improvements: New metal roof 2014, Complete reno in 2017, New AC and heater, kitchen was brought into compliance with a commercial stove and hood. Dishwasher, additional sinks, all new appliances, new freezers, new cold cases, large rehabbed walk-in including new refrigeration, new flooring, and new shelving. The kitchen extended to include a storage room.
Public Records
Apr 27, 2005
Sold
$800,000
$212/sq ft
BRIGHT MLS #PACT312274
Mar 31, 2001
Listing Removed
—
Sep 6, 2000
Listed
$200,000
$53/sq ft
BRIGHT MLS #PACT399184
Feb 14, 2000
Listing Removed
—
Feb 14, 2000
Listed
$200,000
$53/sq ft
Public Records
Dec 1, 1986
Sold
$120,000
$32/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$6,375 (+3.2%)
$31,140 + $115,650
$146,790
2025
$6,177 (+51.1%)
$31,140 + $115,650
$146,790
2024
$4,088 (+3.5%)
$31,140 + $70,930
$102,070
2023
$3,951 (+1.5%)
$31,140 + $70,930
$102,070
2022
$3,893 (+1.0%)
$31,140 + $70,930
$102,070
2021
$3,854 (+1.9%)
$31,140 + $70,930
$102,070
2020
$3,781 (+1.4%)
$31,140 + $70,930
$102,070
2019
$3,729 (+1.6%)
$31,140 + $70,930
$102,070
2018
$3,671 (+2.1%)
$31,140 + $70,930
$102,070
2017
$3,595 (+4.4%)
$31,140 + $70,930
$102,070
2015
$3,442 (+1.5%)
$31,140 + $70,930
$102,070
2014
$3,392 (+2.2%)
$31,140 + $70,930
$102,070
2013
$3,319 (+6.8%)
$31,140 + $70,930
$102,070
2012
$3,107 (+3.2%)
$31,140 + $70,930
$102,070
2011
$3,010 (+2.9%)
$31,140 + $70,930
$102,070
2010
$2,926
$31,140 + $70,930
$102,070
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.6 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,770
Year built
1880
Style
Multi-Family (5+ Unit)
County
Chester County
APN
6005 00540000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 3, 2026.
R-1
Low Density Residential District
In addition to the general goals listed in the statement of purpose and community development objectives in Article I, the R-1 Low Density Residential District is intended to: Provide for residential development at a density that maintains a rural, open character and continues to rely upon on-site facilities; Allow opportunities for flexibility in design through the use of lot averaging and clustering provisions; Provide for adequate housing opportunities by allowing a variety of housing choices; Provide sufficient light, air and privacy through the adequate regulation of building density and placement and size; and Encourage the preservation of agricultural land and open space through clustering and other design options.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Group
Housing-Single unit
Golf related
Park & open space
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Landenberg, PA • 19350
Average low and high temperatures (°F)
35
21
40
24
58
36
65
44
71
53
82
62
86
69
81
62
76
59
67
45
55
37
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 103 Mercer Mill Rd
$527,174
$23K under list price of $550K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $490K to $669K.