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    Salem, NY
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    Salem, NY Multifamily Properties for Sale

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    Argyle, NY Greenwich, NY Fort Ann, NY Hudson Falls, NY Hartford, NY Fort Edward, NY Granville, NY Cambridge, NY
    Mixed-Use Building with Retail
    Updated: May 29
    Mixed-Use Building with Retail

    198 Main Street, Salem, NY 12865

    $249,777
    4,520 sqft 0.15 AC lot
    Mixed‑use building in Salem village with 4 apartments over 2 vacant commercial retail spaces
    Apartment rental income totals $3,200/month: 1 two‑bedroom at $1,000/month and three one‑bedrooms at $800/month and $700/month each
    Apartment updates include refreshed appliances/mechanicals: refrigerators and stoves replaced within the last 1–5 years; hot water tanks range from 1–5 years old
    Commercial space has a 2‑year‑old furnace, and apartments have separate electric heat
    Capital improvements include new electric, windows, and roof replacements on both the main and lower sections
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    Mixed-Use Building with Vacant Retail
    Updated: May 31
    Mixed-Use Building with Vacant Retail

    198 MAIN ST, Salem, NY 12865

    Contact for pricing
    4,520 sqft
    Mixed‑use building with 4 apartments (one 2‑bedroom, three 1‑bedroom) above two vacant commercial retail spaces
    4,520 SF building offers residential rental income of $3,200/month plus additional upside from leasing the retail spaces
    Apartment rent details: 2‑bedroom $1,000/month; main floor 1‑bedroom $800/month; two third‑floor 1‑bedrooms $700/month each
    Appliances and mechanicals updated: refrigerators and stoves replaced within last 1–5 years across all units
    Hot water tanks replaced within last 1–5 years; commercial spaces include a furnace about 2 years old; separate electric heat in apartments
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 2 Active listings in Salem, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    5-Unit Apartment Building
    5-Unit Apartment Building

    3191 Route 30, Dorset, VT 05251

    $939,000
    3,031 sqft 0.34 AC lot

    5-unit apartment building with a mix of studios and one-bedrooms and private entrances for four units.

    View details
    Dorset Village Multi-Unit Residence
    Dorset Village Multi-Unit Residence

    3191 Route 30, Dorset, VT 05251

    $939,000
    3,030 sqft 0.34 AC lot

    Five-unit residence with commercial potential in Dorset Village.

    View details
    Mixed-Use Building with Rented Units
    Mixed-Use Building with Rented Units

    17-23 E Main St., Cambridge, NY 12816

    $299,000
    0.16 AC lot

    Mixed-use building with two second-floor 2-bedroom apartments and three first-floor rented business spaces and an apartment.

    View details
    Triplex with Ground-Floor Businesses
    Triplex with Ground-Floor Businesses

    17-23 E Main Street, Cambridge, NY 12816

    $299,000

    Triplex mixed-use building with two second-floor 2-bedroom apartments and multiple first-floor business spaces, all currently rented.

    View details

    Off-Market Properties in Salem, NY

    Consider similar Off-Market properties in Salem, NY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4432 State Rte 29
    MOBILE HOME PARK, TRAILER PARK

    4432 State Rte 29, Salem, NY 12865-3637

    $105,000
    Estimated value
    672 sqft 3.20 AC lot
    View details
    4031 State Rte 22
    MOBILE HOME PARK, TRAILER PARK

    4031 State Rte 22, Salem, NY 12865-3445

    $340,000
    Estimated value
    1,040 sqft 15.56 AC lot
    View details
    Riley Hl Rd
    CAMPGROUND, RV PARK

    Riley Hl Rd, Salem, NY 12865

    $220,000
    Estimated value
    1,152 sqft 84.60 AC lot
    View details

    Salem, NY Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Salem, NY on our real estate platform. These investment opportunities span a total of 9,040 square feet of properties for sale, with an estimated market value of $249,777.

    Sale prices for multifamily properties in Salem, NY average $249,777 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 2

    Demographics Overview

    Population 3,353
    Population Growth (5Y) -9.1%
    Median Household Income $70,868
    College Educated 41.0%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    12865 $254.4K

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

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