Mixed-Use Building with
For Sale
$225,000
198 Main Street, Salem, NY 12865
Four apartments occupy the upper floors above two vacant commercial spaces on the ground level.
Property Size4,520 SF
Price / SF$49.78
Days on Market74
Property Features for 198 Main Street
General Information
Standard status
Active
Size
4,520 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 2BR, 3 x 1BR
Multifamily Units
4
Additional Details
Gross Income
$38,400
Mixed-Use Components
retail, residential
Tenant in Place
Yes
Building Details
Tenancy
Multi
Listing Agency:
KW Platform
Listed By:
Scott P Varley · License #30VA0727304
(518) 281-6808
Source:
Simplywoodardrealestate
Added: Aug 25
Changed: Nov 5
Last Checked: Nov 5 at 10:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Platform
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Investment Insights
Based on property information with market context.
This mixed-use building at 198 Main Street in Salem contains four apartments—one 2-bedroom unit and three 1-bedroom units—over two ground-floor commercial spaces. Both commercial spaces are vacant. The apartments have separate electric heat, and the building includes a detached garage and a barn at the rear.
Capital improvements include electrical work, replacement windows, and roof replacements on the main and lower sections. Refrigerators and stoves in all four apartments were replaced within the last 1-5 years, and hot water tanks range from 1-5 years old. The commercial spaces have a 2-year-old furnace.
Capital improvements include electrical work, replacement windows, and roof replacements on the main and lower sections. Refrigerators and stoves in all four apartments were replaced within the last 1-5 years, and hot water tanks range from 1-5 years old. The commercial spaces have a 2-year-old furnace.
Key Highlights
- Four apartments: one 2‑bedroom unit and three 1‑bedroom units
- Two vacant commercial spaces on the ground floor
- Detached garage and barn at the rear
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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Business Placement
Demographics for 12865, NY
3,394
Population
1,654
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
90%
High-School Grad
72.3 sq mi
ZIP Area
47
Density / Sq Mi
$70,868
Median Household Income
$36,257
Median Earnings
$952
Median Rent
$170,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Washington County, NY
Properties on Market for Mixed-use properties in Washington County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments occupy the upper floors above two vacant commercial spaces on the ground level.
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 $225,000.
What are key features of this property?
This property features: Four apartments: one 2‑bedroom unit and three 1‑bedroom units; Two vacant commercial spaces on the ground floor; Detached garage and barn at the rear
