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198 Main Street, 
Salem, NY 12865

$249,777


5

Beds


6

Baths


4,520

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Scott P Varley

Suzanne Diorio

Kw Platform

1 518-281-6808

Last updated:

August 8, 2026, 09:30 AM

MLS#

202618339

Source:

Global MLS

About This Home

198 Main Street

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.

Home Facts

Multi-Family

6 Baths

5 Bedrooms

Built in 1900

Price Summary

249,777

$55 per Sq. Ft.

MLS #:

202618339

Last Updated:

August 8, 2026, 09:30 AM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

4

Interior

Living Area:

4,520 Sq. Ft.


Structure

Structure

Building Area:

4,520 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$249,777

Price per Sq. Ft:

$55 per Sq. Ft.

Source:Global MLS
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.