# 198 Main Street, Salem, NY 12865

> **TL;DR:** commercial, $249,777 ($55/sqft), 4,520 sqft. Est. $1,082/mo. Listed 10 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $249,777 |
| Price/sqft | $55 |
| Square Feet | 4,520 |
| Lot Size | 6,534 sqft (0.15 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 10 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,082 |
| **Total** | **$1,082** |

## Nearby Schools

- **Elementary:** Salem
- **High:** Salem

## Property Highlights

- 0.15 acre lot
- 2 stories
- 4 parking spaces

## Description

### 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.

## Location

- **Address:** 198 Main Street, Salem, NY 12865
- **County:** Washington
- **Coordinates:** 43.173044, -73.327209
- **Google Maps:** https://www.google.com/maps?q=43.173044,-73.327209

## Listing Agent

- **Name:** Scott P Varley
- **Brokerage:** KW Platform
- **Phone:** 5182816808
- **Email:** scottvarley@kw.com

## Primary Photo

![198 Main Street - Primary Photo](http://lh.rdcpix.com/886e0d14d58d71c080c4ea85169977c6l-f3769665969r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.com/listing/198-main-street-salem-ny-12865-02617841)*

---

**MLS#:** 202617841 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/198-main-street-salem-ny-12865-02617841)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "198 Main Street, Salem, NY 12865",
  "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 upd",
  "url": "https://www.propertysimple.com/listing/198-main-street-salem-ny-12865-02617841",
  "image": "http://lh.rdcpix.com/886e0d14d58d71c080c4ea85169977c6l-f3769665969r.jpg",
  "datePosted": "2026-06-18",
  "price": 249777,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "198 Main Street",
    "addressLocality": "Salem",
    "addressRegion": "NY",
    "postalCode": "12865",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 43.173044,
    "longitude": -73.327209
  },
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 4520,
    "unitCode": "FTK"
  },
  "yearBuilt": null
}
```