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Spectacular light, beautiful views, soaring ceilings, and so much more is what you get with this 5th floor unit at the Derby Lofts, in the heart of downtown Salem! Gaze out to water views on the South River Canal, experience ease of commute with proximity to the Commuter Rail and Boston Harbor Ferry. Dine at Bernadette, Adriatic, Howling Wolf, and so many more restaurants and shops that are in such close proximity. The open airy floorplan is both dramatic yet functional. A large living/dining space can accommodate ample furniture, formal dining and more. The fully applianced kitchen with newer stainless steel appliances, granite counters and wood cabinetry is comfortable for those days when not dining out! A large bonus room is ideal for an office or additional storage. The laundry room holds a full sized washer/dryer. Both bedrooms boast large picture windows, generous closets, including a walk in for the primary. 2 elevators, central AC, pet friendly and gated drive thru for drop off
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:
$570,000
MLS #:
73409350
Status:
Pending
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Listed Date:
Jul 24, 2025
Finished Sq Ft:
1,510
Total Sq Ft:
1,510
Year Built:
2003
The Derby LoftsYes W/ Restrictions

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Wood
Heating
Forced Air
Laundry Features
In Unit

Exterior

Association Amenities
Elevator(s)
Community Features
Public Transportation, Shopping, Park, Medical Facility, Conservation Area, Marina, T-Station, University
Construction Materials
Brick, Stone
Roof
Rubber

Financial

HOA Fee
$471
HOA Frequency
Monthly
HOA Includes
Water, Sewer, Insurance, Maintenance Structure, Snow Removal
Tax Year
2025
Taxes
$6,132

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Property Summary

    51 Lafayette St # 506 Salem MA is a Condo for sale in Salem, MA, 01970. It is listed for $570,000 and features 2 beds, 2 baths, and has approximately 1,510 square feet of living space, and was originally constructed in 2003. The current price per square foot is $377. 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#73409350 at 51 Lafayette St # 506 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
51 Lafayette St # 506
Salem, MA