Condominium at 131 Derby St # 1R, Salem MA 01970, Salem
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 2 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 3 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 4 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 5 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 6 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 7 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 8 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 9 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 10 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 11 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 12 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 13 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 14 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 15 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 16 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 17 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 18 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 19 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 20 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 21 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 22 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 23 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 24 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 25 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 26 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 27 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 28 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 29 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 30 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 31 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 32 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 33 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 34 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 35 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 36 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 37 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 38 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 39 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 40 of 41
Condominium at 131 Derby St # 1R, Salem MA 01970, Salem, photo 41 of 41
41 photos

$469,900

131 Derby St # 1R, Salem MA 01970
Salem, MA 01970
Listed by Rita Patriarca
Bedrooms
2
Bathrooms
1
Living area
813 sqft
Year built
1900

About this home

Location, location, location! This beautiful two-bedroom condo puts you right in the heart of historic downtown Salem, just steps from the Harbor, the House of the Seven Gables, the Peabody Essex Museum, fabulous restaurants, coffee shops, ice cream and gelato shops and an inviting mix of unique boutiques, specialty shops and local businesses. Enjoy the best of both worlds, where Salem’s rich history uniquely meets the energy and convenience of modern downtown living. Move-in ready and filled with charm, this inviting home features two bedrooms with ample closet space, a recently renovated full bath, and beautiful hardwood floors throughout. High ceilings add to the light and airy feel as well as the spacious, updated eat-in kitchen offering abundant cabinetry, granite countertops, stainless steel appliances, an island for additional prep space and a spot to enjoy a meal as well as an open flow into the living area. Additional amenities include a fire sprinkler system for added peace of mind, basement laundry and dedicated storage, plus the option for laundry hookups in the kitchen. Pets are welcome! T he reasonable condo fee includes heat, water, and sewer, and convenient on-street permit parking is available for owners. With a quick closing possible, you could be enjoying everything downtown Salem has to offer just in time for the Halloween festivities!

Property details

MLS #
73579110
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
8
On market date
September 17, 2026
Stories
1
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.23 acres
Loading map…

Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Salem Early Childhood
0.5 mi away · Grades -1-0
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
110
Student:teacher ratio
9.2:1
District
Salem
Middle
Collins Middle
1.16 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
HighCharter
Salem Academy Charter School
0.33 mi away · Grades 6-12
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
495
Student:teacher ratio
10.3:1
District
Salem Academy Charter (District)

Walkability

Blended score for Salem's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 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
Nearby-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 8 days -- 83 fewer days than Salem's current average of 91 days.
For reference, the median list price across 372 active listings in Salem right now is $449,900.

Mortgage calculator

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

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,980/mo
$93,980 down
$375,920 loan
Principal & interest$2,438
Property tax (est.)$392
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 3 days ago.

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.