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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

Under Contract

$249,777

MULTI_FAMILY - Salem, NY

Property Size4,520 SF

Lot Size0.15 Acres

Price / SF$55.26

AddedMay 29

Days on Market49

Last RefreshJul 16 at 5:06 am

Property Features for 198 Main Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Mixed
Bedrooms: 5
Bathrooms: 5
Rooms: Bathroom 4, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 6, Bedroom 1, Bedroom 4, Bedroom 5
Parking: 4
Parking features: Off Street
Standard status: Active Under Contract
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: Electric (Heating), Baseboard, Forced Air
Water source: Public

Building Details

Year built: 1900
Number of units: 6
Flooring type: Carpet, Vinyl
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 29, 2026

MLS# 202618339 Listing URL

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, consisting of one 2-bedroom and three 1-bedroom units, situated above two vacant commercial spaces on the first floor. The residential units generate $3,200 per month in rental income. The apartments are updated, functional, and consistently occupied. The 2-bedroom unit rents for $1,000 per month, the main floor 1-bedroom for $800 per month, and both third-floor units for $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. Capital improvements include new electric, windows, and roof replacements on both the main and lower sections. The property is situated in a village near Saratoga Springs, Granville, Greenwich, and Manchester VT. A detached garage and barn at the rear provide additional storage. The lot size is 0.15 acres, and the property size is 4,520 square feet. The building is located in Washington County, New York.

Key Highlights

Mixed‑use building with 4 apartments (one 2‑bedroom, three 1‑bedroom) above two vacant commercial spaces
Residential rental income of $3,200/month: $1,000 for the 2‑bedroom, $800 for the main floor 1‑bedroom, and $700/month for each of the two third‑floor 1‑bedrooms
Updated/refreshes reported: refrigerators and stoves replaced within the last 1–5 years across all units; hot water tanks 1–5 years old

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 four apartments and two commercial 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 with 4 apartments (one 2‑bedroom, three 1‑bedroom) above two vacant commercial spaces; Residential rental income of $3,200/month: $1,000 for the 2‑bedroom, $800 for the main floor 1‑bedroom, and $700/month for each of the two third‑floor 1‑bedrooms; Updated/refreshes reported: refrigerators and stoves replaced within the last 1–5 years across all units; hot water tanks 1–5 years old