198 Main Street, Salem, NY 12865

Salem
Local realty services provided by:HUNT Real Estate ERA
198 Main Street,Salem, NY 12865
$249,777
Virtual Tour
  • 5 Beds
  • 6 Baths
  • 4,520 sq. ft.
  • Multi-family
  • Pending
Listed by: scott p varley, suzanne diorio
Office: kw platform
MLS#:202618339
Source:Global MLS

Price summary

  • Price:$249,777
  • Price per sq. ft.:$55.26

About this home

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...

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Home facts

  • Year built:1900
  • Listing ID #:202618339
  • Added:144 day(s) ago
  • Updated:August 24, 2026 at 07:49 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:6
  • Full bathrooms:4
  • Half bathrooms:2
  • Flooring:Carpet, Vinyl
  • Living area:4,520 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric, Forced Air

Structure and exterior

  • Roof:Rubber
  • Year built:1900
  • Building area:4,520 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Level
  • Construction Materials:Wood Siding

Schools

  • High school:Salem
  • Elementary school:Salem

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$249,777
  • Price per sq. ft.:$55.26
  • Tax amount:$3,980

Parking

  • Total parking spaces:4
  • Parking description:Detached, Off Street
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