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Mixed-Use Building in Salem Village

198 Main Street, Salem, NY 12865

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For Sale

$249,777

COMMERCIAL - Salem, NY

Property size:

4,520 SF

Lot size:

0.15 Acres

Price / SF:

$55/SF

We can help!

Contact an agent

Scott P Varley

Real Estate License ID: 30VA0727304

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
Hot water tanks in range of 1–5 years old; separate electric heat for the apartments
Commercial spaces have a 2‑year‑old furnace; building capital improvements include new electric, windows, and roof replacements
Utilities and exterior: public water and septic tank; wood siding; rubber roof; detached garage and barn at rear for storage

For Sale

$249,777

COMMERCIAL - Salem, NY

Property size:

4,520 SF

Lot size:

0.15 Acres

Price / SF:

$55/SF

Added:: May 22, 2026
Days on Market:: 47
Last Refresh:: Jul 7 at 12:06 am

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

We can help!

Contact an agent

Scott P Varley

Listing agent Scott P Varley License #30VA0727304

Listing office KW Platform 382 Broadway, Latham, NY

Listing date May 22, 2026

MLS# 202617841

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
Hot water tanks in range of 1–5 years old; separate electric heat for the apartments
Commercial spaces have a 2‑year‑old furnace; building capital improvements include new electric, windows, and roof replacements
Utilities and exterior: public water and septic tank; wood siding; rubber roof; detached garage and barn at rear for storage

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

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Local Demand

City: Salem
County: Washington
State: New York
Longitude: -73.327209
Latitude: 43.173044

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Mixed-Use Building with Vacant Retail

Four apartments above two vacant retail spaces offer a flexible live-work or income-producing setup on one property.

198 MAIN ST, SALEM, NY 12865

View Details

For sale
Mixed-use properties
NY
Salem
12865
198 Main Street

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

198 Main Street, Salem, NY 12865

COMMERCIAL - Salem, NY

Property Features for 198 Main Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Building in Salem Village

Historic Office Row Building

Mixed-Use Building with Vacant Retail

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