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Step into quintessential Salem living at this bright and airy third-floor condo. Perched on historic Derby Street, this home blends classic charm with modern convenience. Sunlight streams through the windows, illuminating the 9-foot ceilings and open-concept layout. Glimpses of Salem Harbor add a touch of coastal magic. The inviting living room flows into a stunning kitchen with granite countertops, a center island, and stainless-steel appliances. This home offers two spacious bedrooms and a full bath. Enjoy the convenience of in-unit laundry, a covered porch, and a dedicated covered tandem parking space. The included heat in your condo fee adds to the appeal. Situated in the heart of Salem, you’re just steps from the vibrant waterfront, renowned museums, eclectic restaurants, and unique shops. Commuting is a breeze with access to the MBTA commuter rail and Boston ferry. The sale is contingent on the seller purchasing an identified property. Please do not park in the driveway.
Current real estate data for Condo in Salem as of Oct 07, 2025
83
Condo Listed
78
Avg DOM
439
Avg $ / SqFt
$581,322
Avg List Price

Property Details

Price:
$479,900
MLS #:
73426469
Status:
Active
Beds:
2
Baths:
1
Type:
Condo
Subtype:
Condominium
Listed Date:
Sep 4, 2025
Finished Sq Ft:
823
Total Sq Ft:
823
Year Built:
1900
Pets Allowed

Schools

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Bathrooms
1 Full Bathroom
Cooling
None
Flooring
Wood
Heating
Central, Baseboard, Natural Gas, Common
Laundry Features
Third Floor, In Unit, Washer Hookup

Exterior

Community Features
Shopping, Park
Construction Materials
Frame
Exterior Features
Porch
Parking Features
Detached, Carport, Off Street, Tandem, Deeded, Paved
Parking Spots
2
Roof
Rubber

Financial

HOA Fee
$300
HOA Frequency
Monthly
HOA Includes
Heat, Water, Sewer, Insurance, Security, Snow Removal
Tax Year
2025
Taxes
$4,974

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Property Summary

    131 Derby St. # 3R Salem MA is a Condo for sale in Salem, MA, 01970. It is listed for $479,900 and features 2 beds, 1 baths, and has approximately 823 square feet of living space, and was originally constructed in 1900. The current price per square foot is $583. The average price per square foot for Condo listings in Salem is $439. The average listing price for Condo in Salem is $581,322. To schedule a showing of MLS#73426469 at 131 Derby St. # 3R in Salem, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James
131 Derby St. # 3R
Salem, MA