Condominium at 51 Lafayette # 403, Salem MA 01970
Condominium at 51 Lafayette # 403, Salem MA 01970, photo 2 of 13
Condominium at 51 Lafayette # 403, Salem MA 01970, photo 3 of 13
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Condominium at 51 Lafayette # 403, Salem MA 01970, photo 13 of 13
13 photos

$3,995

51 Lafayette # 403, Salem MA 01970
Salem, MA 01970
Listed by Sophie Soman
Bedrooms
2
Bathrooms
2
Living area
1,536 sqft
Year built
2004

About this home

Welcome to Derby Lofts in Downtown Salem. This furnished residence offers effortless urban living with water views just steps from coffee shops, restaurants, and shopping, and just a 10 minute walk to the Salem Commuter Rail station. Turnkey living with furniture and a complete kitchen setup ready – just unpack and relax. The open-concept layout features dramatic 14' ceilings, large windows, and abundant natural light, and is decorated with luxury furnishings, as if it belongs in the pages of a design magazine. This 2-bed, 2-bath home has a renovated kitchen, baths and ample storage. The kitchen boasts custom cabinets and top-of the line appliances (Liebherr French-door fridge/freezer, Miele convection oven, steam oven, and induction cooktop, Fisher-Paykel double dishwasher drawers, wine fridge). The primary bathroom features a walk-in shower and a Toto Washlet toilet. Includes 2 spaces in nearby garage available on a first come, first served basis.

Property details

MLS
MLS Property Information Network
MLS #
73471690
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
276
On market date
January 26, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
2
Parking spaces
4
Lot size
20,908 sqft
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Saltonstall School
0.45 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
378
Student:teacher ratio
10.5:1
District
Salem
Middle
Collins Middle
0.72 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
633
Student:teacher ratio
11.1:1
District
Salem
High
New Liberty Innovation School
0.17 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
54
Student:teacher ratio
13.5:1
District
Salem

Walkability

Blended score for Salem's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

96
Highly walkable
out of 100
EPA National Walkability Index
18.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores13
Parks20
Schools19
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Salem, from live MLS data.

On the market 276 days -- 169 more days than Salem's current average of 107 days.
For reference, the median list price across 406 active listings in Salem right now is $434,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$174/mo
$799 down
$3,196 loan
Principal & interest$21
Property tax (est.)$3
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated April 5, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.