Estimated payment $2,572/month
Total Views
4,783
5
Beds
4
Baths
5,319
Sq Ft
$73
Price per Sq Ft
Highlights
- Downtown View
- Wood Flooring
- Chair Railings
- Traditional Architecture
- No HOA
- Enclosed Glass Porch
About This Home
MOTIVATED SELLER - BRING YOUR OFFERS on this TURNKEY OPERATION - Income-producing mixed-use property, current monthly rental income is $2,200 per month with room for margin growth. This property has undergone extensive renovations. This is the former home of the Salem Tavern and the Railroad Street Tavern. Turnkey Operation! Lease the restaurant or operate it yourself. Upstairs you will find two spacious and immaculate apartments, one two bedroom and one three bedroom. Perfect for investors or owner occupied.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,031
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 58' x 129'
Home Design
- Triplex
- Traditional Architecture
- Rubber Roof
- Wood Siding
- Aluminum Siding
- Asphalt
Interior Spaces
- 5,319 Sq Ft Home
- 2-Story Property
- Chair Railings
- Wood Flooring
- Downtown Views
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- Bathroom on Main Level
Schools
- Salem Elementary School
- Salem High School
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Septic Tank
- High Speed Internet
- Cable TV Available
Additional Features
- Accessible Approach with Ramp
- Enclosed Glass Porch
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Legal Lot and Block 3.000 / 2
- Assessor Parcel Number 534800 208.12-2-3
- Seller Concessions Offered
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,147 | $181,000 | $7,400 | $173,600 |
| 2023 | $4,827 | $170,000 | $7,400 | $162,600 |
| 2022 | $4,782 | $170,000 | $7,400 | $162,600 |
| 2021 | $5,148 | $94,000 | $4,000 | $90,000 |
| 2020 | $5,046 | $94,000 | $4,000 | $90,000 |
| 2019 | $5,000 | $94,000 | $4,000 | $90,000 |
| 2018 | $5,000 | $94,000 | $4,000 | $90,000 |
| 2017 | $4,876 | $94,000 | $4,000 | $90,000 |
| 2016 | $4,909 | $94,000 | $4,000 | $90,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | Price Changed | $389,900 | 0.0% | $73 / Sq Ft |
| 06/26/2025 06/26/25 | Price Changed | $389,999 | -1.1% | $73 / Sq Ft |
| 06/10/2025 06/10/25 | Price Changed | $394,499 | 0.0% | $74 / Sq Ft |
| 05/18/2025 05/18/25 | Price Changed | $394,500 | -0.1% | $74 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $395,000 | -- | $74 / Sq Ft |
Source: Global MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $152,000 | None Available | |
| Deed | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $175,000 | Purchase Money Mortgage |
Source: Public Records
Similar Home in Salem, NY
Source: Global MLS
MLS Number: 202516036
APN: 534800-208-012-0002-003-000-0000
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