Mixed-Use Building with
For Sale
$249,777
198 Main Street, Salem, NY 12865
COMMERCIAL - Salem, NY
Property Size4,520 SF
Lot Size0.15 Acres
Price / SF$55.26
Days on Market96
Property Features for 198 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
5
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Parking
4
Parking features
Off Street
Lot features
Level
Elementary school
Salem
High school
Salem
Elementary school district
Salem
Middle school district
Salem
High school district
Salem
Directions
From the intersection of Route 22 and Route 153 in Salem village, head north on Main Street -- the property will be on your left.
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
Baseboard, Forced Air, Electric (Heating)
Water source
Public
Building Details
Floors in Building
2
Building materials
Wood Siding
Roof type
Rubber
Listing Agency:
KW Platform · Keller Williams Realty
(518) 281-6808
Listed By:
Scott P Varley · License #30VA0727304
(518) 281-6808
Added: May 22
Changed: Aug 10
Last Checked: Aug 25 at 1:06PM
MLS# 202617841
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building includes four residential apartments above two commercial retail spaces on the first floor. The unit mix consists of one 2-bedroom apartment and three 1-bedroom apartments. The retail spaces are currently vacant and available for showings.
The apartments are described as updated and consistently occupied, with separate electric heat. The reported upgrades include refreshed appliances and mechanicals across the units, including replacement refrigerators and stoves within the last 1–5 years and hot water tanks ranging from 1–5 years old. The commercial spaces have a furnace noted as approximately 2 years old, and the building has also undergone electrical, window, and roof replacements on both the main and lower sections.
A detached garage and barn are located at the rear and provide additional storage. Virtual showings are available for the apartments, and in-person showings may be scheduled after a signed offer, with instructions not to disturb tenants.
The apartments are described as updated and consistently occupied, with separate electric heat. The reported upgrades include refreshed appliances and mechanicals across the units, including replacement refrigerators and stoves within the last 1–5 years and hot water tanks ranging from 1–5 years old. The commercial spaces have a furnace noted as approximately 2 years old, and the building has also undergone electrical, window, and roof replacements on both the main and lower sections.
A detached garage and barn are located at the rear and provide additional storage. Virtual showings are available for the apartments, and in-person showings may be scheduled after a signed offer, with instructions not to disturb tenants.
Key Highlights
- Mixed‑use building in Salem village with 4 apartments above 2 vacant commercial spaces
- Residential rental income: $3,200/month (1x 2‑bedroom at $1,000/mo and 3x 1‑bedroom at $800/mo, $700/mo, $700/mo)
- Appliances and mechanicals refreshed: refrigerators and stoves replaced within the last 1–5 years across all units
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in Salem village with four apartments above two vacant retail 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 in Salem village with 4 apartments above 2 vacant commercial spaces; Residential rental income: $3,200/month (1x 2‑bedroom at $1,000/mo and 3x 1‑bedroom at $800/mo, $700/mo, $700/mo); Appliances and mechanicals refreshed: refrigerators and stoves replaced within the last 1–5 years across all units
