Mixed-Use Building in Salem
198 Main Street Salem, NY 12865
198 Main Street, Salem, NY, 12865
$249,777
For Sale
Under Contract
$249,777
MULTI_FAMILY - Salem, NY
Property Size4,520 SF
Lot Size0.15 Acres
Price / SF$55.26
Days on Market50
Property Features for 198 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 6, Bedroom 1, Bedroom 4, Bedroom 5
- Parking
- 4
- Parking features
- Off Street
- Standard status
- Active Under Contract
- APN
- 534800 209.9-1-33
- Size
- 4,520 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3981
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Baseboard, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 6
- Flooring type
- Carpet, Vinyl
- Building materials
- Wood Siding
- Roof type
- Rubber
Listing Agency
KW Platform
(518) 281-6808
382 Broadway, Latham, NY
Listed by
Scott P Varley · License #30VA0727304
(518) 281-6808
Added: May 29 Checked: Jul 17 at 6:06 pm
MLS# 202618339
Listing URL
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Investment Insights
Based on property information with market context.
Located in the heart of Salem village, this mixed-use building features versatility. It includes four apartments, consisting of one 2-bedroom and three 1-bedroom units, situated above two vacant commercial spaces on the first floor. The residential units generate $3,200 per month in rental income. The apartments are updated, functional, and consistently occupied. The 2-bedroom unit rents for $1,000 per month, the main floor 1-bedroom for $800 per month, and both third-floor units for $700 per month each. Appliances and mechanicals have been refreshed, with refrigerators and stoves replaced within the last 1-5 years across all units, and hot water tanks ranging from 1-5 years old. The commercial spaces feature a 2-year-old furnace. The apartments have separate electric heat. Capital improvements include new electric, windows, and roof replacements on both the main and lower sections. The property is situated in a village near Saratoga Springs, Granville, Greenwich, and Manchester VT. A detached garage and barn at the rear provide additional storage. The lot size is 0.15 acres, and the property size is 4,520 square feet. The building is located in Washington County, New York.
Key Highlights
- Mixed‑use building with 4 apartments (one 2‑bedroom, three 1‑bedroom) above two vacant commercial spaces
- Residential rental income of $3,200/month: $1,000 for the 2‑bedroom, $800 for the main floor 1‑bedroom, and $700/month for each of the two third‑floor 1‑bedrooms
- Updated/refreshes reported: refrigerators and stoves replaced within the last 1–5 years across all units; hot water tanks 1–5 years old
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with four apartments and two commercial spaces.
Where is this mixed-use property located?
The property is located at 198 Main Street Salem, NY.
What is the asking price?
The asking price for this property is $249,777.
What are key features of this property?
This property features: Mixed‑use building with 4 apartments (one 2‑bedroom, three 1‑bedroom) above two vacant commercial spaces; Residential rental income of $3,200/month: $1,000 for the 2‑bedroom, $800 for the main floor 1‑bedroom, and $700/month for each of the two third‑floor 1‑bedrooms; Updated/refreshes reported: refrigerators and stoves replaced within the last 1–5 years across all units; hot water tanks 1–5 years old
