$389,900
Salem, NY 12865
MLS# 202624951
5 beds
1 / 31
Property Description
Turnkey, income-producing mixed-use investment opportunity with current gross rental income of $4,200 per month and potential for future income growth. The property has undergone extensive renovations, making this an attractive addition to any investment portfolio. The commercial space is currently leased to Matelli's Taverna, providing established rental income. Upstairs are two spacious, well-maintained apartments--one 2-bedroom unit and one 3-bedroom unit--offering additional residential income. With a strong mix of commercial and residential tenants already in place, this property offers immediate cash flow, multiple income streams, and room to increase returns. An excellent opportunity for investors seeking a renovated, established mixed-use property.
Details
Maps
Documents
Contract Information
Status: Active
Property Sub Type: Triplex
Original List Price: 389900
List Price: $389,900
Current Price: $389,900
Listing Contract Date: 2026-08-27
List Price/SqFt: 73.3
Location
Street Number: 219
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
County: Washington
State/Province: NY
Postal Code: 12865
City/Town (Mail): Salem
Cross Street: Railroad Street
Geo Lat: 43.173971
Geo Lon: -73.32814
Property Detail
Rooms Total: 14
Bedrooms Total: 5
Bathrooms Full: 2
Bathrooms Half: 2
Year Built: 1900
Above Grade Finished Area: 5319
Above Grade Finished Area Source: Public Records
Below Grade Finished Area Source: Public Records
Living Area: 5319
Zoning: Mixed
Lot Size Dimensions: 58' x 129'
Lot Size Acres: 0.11
Waterfront Y/N: No
Enhanced Accessible Y/N: Yes
Land Lease Y/N: No
Parking Y/N: No
Financial Details
Full Market Assessment: 26164400
Bath Levels
Full Bath 1: 2nd
Full Bath 2: 2nd
Half Bath 1: 1st
Half Bath 2: 1st
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income: 4200
Rental Income Description: Actual
Separate Utilities
Number Of Separate Electric Meters: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Unit Occupancy MF Unit 1: 1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1500
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 4
Total Half Baths MF Unit 1: 2
Unit 1 Detail
Rent: 1500
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1200
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 1200
Rent Description Unit 2: Actual
Lease Term Unit 2: 12 Months
Occupant Type Unit 2: Tenant
Total Bedrooms: 2
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1500
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Rent: 1500
Rent Description Unit 3: Actual
Lease Term Unit 3: 12 Months
Occupant Type Unit 3: Tenant
Total Bedrooms: 3
Status Change Info
Status Change Date: 2026-08-27
Property Features
Accessibility Features: Accessible Approach with Ramp
Architectural Style: Other
Attic Features: Full
Basement: Full
Construction Materials: Vinyl Siding; Wood Siding
Cooling: None
Electric: 200+ Amp Service
Exterior Features: Lighting
Fencing: None
Flooring: Carpet; Hardwood; Vinyl
Foundation Details: Stone
Heating: Baseboard; Hot Water
Interior Features: Chair Rail; High Speed Internet; Open Floorplan
Levels: Two
Listing Terms: Owner Offers Concessions?
Patio And Porch Features: Enclosed
Possession: At Closing
Roof: Asbestos Shingle; Rubber
Separate Utilities: Electric; Water Heater
Sewer: Septic Tank
Showing Requirements: 24 Hour Notice; Agent to Accompany; Occupied; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Heat; Internet; Trash Collection
Water Source: Public
LBP 
Listing Courtesy of Barkley Real Estate LLC
Listing Agent: Greg T Buckley
508-614-0016 | gregbuckleyrealty@gmail.com
508-614-0016 | gregbuckleyrealty@gmail.com
