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Mixed-Use Building in Salem Village

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

AddedMay 22

Days on Market56

Last RefreshJul 16 at 5:06 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

Listing agent Scott P Varley License #30VA0727304

Listing office KW Platform 382 Broadway, Latham, NY

Listing date May 22, 2026

MLS# 202617841

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

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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