Mixed-Use Building in Salem
198 Main Street Salem, NY 12865
198 Main Street, Salem, NY, 12865
$249,777
For Sale
$249,777
COMMERCIAL - Salem, NY
Property Size4,520 SF
Lot Size0.15 Acres
Price / SF$55.26
Days on Market57
Property Features for 198 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
- Parking
- 4
- Parking features
- Off Street
- Standard status
- Active
- 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
- Forced Air, Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Floors in Building
- 2
- 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 22 Checked: Jul 17 at 6:06 pm
MLS# 202617841
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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, one 2-bedroom and three 1-bedroom units, situated above two vacant commercial spaces on the first floor. The apartments generate $3,200 per month in residential rental income, with potential upside from the retail spaces. The apartments are updated, functional, and consistently occupied. The 2-bedroom unit rents at $1,000 per month, the main floor 1-bedroom at $800 per month, and both third-floor units at $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. The building has seen capital improvements including new electric, windows, and roof replacements on both the main and lower sections. A detached garage and barn at the rear offer additional storage. The property is situated in a village that draws visitors year-round, near Saratoga Springs, Granville, Greenwich, and Manchester VT. The lot size is 0.15 acres and the property size is 4,520 square feet.
Key Highlights
- Mixed‑use building in Salem village: 4 apartments above 2 vacant commercial spaces
- Residential rental income: $3,200/month; 1×2BR ($1,000/mo) and 3×1BR ($800/mo and $700/mo each)
- Refreshed in‑unit appliances: refrigerators and stoves replaced within the last 1–5 years across all units
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with apartments and commercial spaces in Salem, NY.
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 in Salem village: 4 apartments above 2 vacant commercial spaces; Residential rental income: $3,200/month; 1×2BR ($1,000/mo) and 3×1BR ($800/mo and $700/mo each); Refreshed in‑unit appliances: refrigerators and stoves replaced within the last 1–5 years across all units
