198 MAIN ST, Salem, NY 12865

This well-maintained mixed-use building contains four residential units over two commercial spaces. The apartment mix includes one 2-bedroom unit and three 1-bedroom units. On the first floor, both retail spaces are currently vacant and available for showings, while the apartments are described as consistently occupied. Residential heating is provided by separate electric heat, and the property reports methodical updates to appliances and mechanical systems, including refrigerators and stoves replaced within the last 1–5 years across all units. Hot water tanks are reported between 1–5 years old, and the commercial spaces include a furnace that is approximately 2 years old. Capital improvements also referenced include new electric, window replacements, and roof replacements on both the main and lower sections.

The property is located at 198 Main St, Salem, NY 12865. A detached garage and barn at the rear provide additional storage. In the area context described, Salem sits near several destinations, including Saratoga Springs, Granville, Greenwich, and Manchester VT.

For buyers or operators, the configuration supports either an owner-occupant live-work arrangement or an investment approach that combines residential rental income with the opportunity to lease the two street-level commercial spaces. The four apartment units may be viewed by virtual showing only, and any in-person showing is described as contingent upon an in-person viewing after a signed offer is in place, with instructions not to disturb tenants.