Pending

198 Main Street

Salem, NY 12865

$249,777 $1,053/Mo

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Overview

Bed

Bath

0.15

Acre(Lot)

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 la st 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.

Property Details

Property Type : Residential Income

Price : $249,777

AD Id : 79659896

MLS Id : 207385

Lot Size : 0.15 Acre

Year Built : 1990

County : Washington

Map

What's Nearby

Nearby Areas

Features

Room Information

Basement: None
Flooring Information

Carpet, Vinyl
Roofing Information

Rubber
Interior Features

Roof: Rubber Appliances: Range, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Electric, Forced Air Cooling: None

Building Information

Year Built: 1990 Building Area Total: 4520 Construction Materials: Wood Siding Private Pool: No
Exterior Features

Exterior Features: None

Lot Information

Main Square Feet: 0.15 Acres Lot Size Acres: 0.15 Lot Size Square Feet: 6534 Lot Description: Level

Listing Price Information

Listing Price: $249777

Tax Information

Parcel Number: 534800 209.9-1-33 Annual Tax: $3980

Parking Information

Parking Total: 4 Off Street

Location Information

Direction: From the intersection of Route 22 and Route 153 in Salem village, head north on Main Street -- the property will be on your left. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
198 Main Street, Salem, NY, 12865	$249,777	5	6	4,520	4,520 SqFt

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ByOwner last updated this listing 07/19/2026 @ 17:40

MLS: 207385 LISTED BY: Scott Varley, KW Platform 518-724-5800 SOURCE: AdirondackChamplain Valley MLS