Mixed-Use Building in Salem
198 Main Street, Salem, NY 12865
New
- Added:
- May 29, 2026
- Days on Market:
- 3
- Last Refresh:
- May 31 at 11:06 am
Property Features for 198 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed
- Bedrooms
- 5
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 4, Bathroom 6, Bedroom 1, Bedroom 3, Bathroom 5, Bathroom 1, Bedroom 2, Bedroom 5
- 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
- Electric (Heating), Baseboard, Forced Air
- Water source
- Public
Building Details
- Year built
- 1990
- Number of units
- 6
- Flooring type
- Vinyl, Carpet
- Building materials
- Wood Siding
- Roof type
- Rubber
Listing agent Scott P Varley License #30VA0727304 (518) 281-6808
Listing office KW Platform 382 Broadway, Latham, NY (518) 281-6808
Listing date May 29, 2026
MLS# 202618339
Listing URL
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.
HighLights
- Mixed‑use building in Salem village featuring four updated apartments and two vacant commercial spaces.
- Generates $3,200 per month in residential rental income with potential for increased income from commercial spaces.
- Appliances and mechanicals have been methodically refreshed throughout, including newer refrigerators, stoves, and hot water tanks.
- Significant capital improvements including new electric, windows, and roof replacements.
- Detached garage and barn at the rear offer additional storage and long‑term potential.
- Located at the crossroads of desirable destinations: Saratoga Springs, Granville, Greenwich, and Manchester VT.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Washington
- State
- New York
- Longitude
- -73.327208
- Latitude
- 43.173044
Nearby Similar for Sale
FAQs
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 in Salem village featuring four updated apartments and two vacant commercial spaces.; Generates $3,200 per month in residential rental income with potential for increased income from commercial spaces.; **Appliances and mechanicals have been methodically refreshed throughout**, including newer refrigerators, stoves, and hot water tanks.
