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USANYSalem198 Main St
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198 Main St, Salem, NY

House

For Sale

Listed price in listed location currency (USD).
$249,777

564

MLS® 202618339

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4520 sqft
Garage 
Taxes $3,981
Days Active 10
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $55
MLS® Number 202618339

Property Address: 198 Main St, Salem, NY, 12865

Average square foot calculated using Size range provided by listing agent.

Description

Right in the heart of Salem village -- and working hard already. This well-maintained mixed-use building offers the kind of versatility that's increasingly rare at this price point in Washington County. Four apartments -- one 2-bedroom and three 1-bedrooms -- sit above two vacant commercial spaces on the first floor, generating $3, 200 per month in residential rental income with additional upside potential from the two retail spaces ready for a new tenant or owner-operator. The apartments are updated, functional, and consistently occupied. The 2-bedroom unit rents at $1, 000/month, the main floor 1-bedroom at $800/month, and both third floor units at $700/month each. Appliances and mechanicals have been methodically refreshed throughout -- refrigerators and stoves replaced within the last 1-5 years across all units, hot water tanks ranging from 1-5 years old, and the commercial spaces feature a 2-year old furnace. Separate electric heat in the apartments. The building has seen significant capital improvements including new electric, windows, and roof replacements on both the main and lower sections. Live here, work here, and collect rent while you do it -- or hold it purely as an income-producing asset in a village that draws visitors year-round. Salem sits at the crossroads of some of the region's most desirable destinations -- Saratoga Springs, Granville, Greenwich, and Manchester VT are all within easy reach. A detached garage and barn at the rear offer additional storage and long-term potential for the right buyer. Retail spaces are vacant and available for showings. The four apartment units may be viewed by virtual showing only. Please do not disturb the tenants. In person showing(s) may be made contingent upon an in-person viewing after a signed offer is in place.
MLS® Number202618339
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementNone
DrivewayDetached, Off Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 29, 2026List Date
$249,777List Price
  • Commute

Commute

Starting Address
Destination Address
198 Main St, Salem, NY

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