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131 Derby St 1RSalem, MA 01970

For Sale

$449,900

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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!

Listed by Rita Patriarca

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RE/MAX Encore

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6178408326

Last updated October 04, 2026

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Source: MLSPin #73579110

Listing Facts

  • TypeCondo
  • NeighborhoodWaterfront District
  • Bedrooms2
  • Bathrooms1
  • Days on Prevu44
  • HOA/Maint. Fees$375/month
  • Taxes$4,738/year
  • Size813 sqft
  • Price per sqft$553

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed

Location

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Listing History

10/01/2026
Price Decreased
$449,900
09/17/2026
Listed by RE/MAX Encore
$469,900
  1. 10/01/2026$449,900
    Price Decreased
  2. 09/17/2026$469,900
    Listed by RE/MAX Encore

Property Details for 131 Derby St 1R

Association

Amenities

  • Community Features: Park
  • Pets Allowed: Yes

Fees

  • Association Fee: $375.00 Monthly
  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash

Exterior

Construction

  • Number Of Units Total: 8
  • Roof: Rubber
  • Stories: 1
  • Stories Total: 1
  • Window Features: Insulated Windows
  • Year Built: 1900
  • Year Built Details: Approximate
  • Building Name: Renaissance Condo At 131 Derby Street
  • Entry Level: 1
  • Entry Location: Unit Placement(Back)

Features

  • Patio And Porch Features: Porch
  • Waterfront Features: Ocean Front

Measurements

  • Building Area Total: 813
  • Building Area Units: Square Feet
  • Frontage Type: Bay/Harbor
  • Lot Size Acres: 0.23
  • Lot Size Area: 0
  • Lot Size Square Feet: 10,088
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: M:0041 B:0316 L:0802,4541900
  • Tax Annual Amount: $4,738.00
  • Tax Assessed Value: $439,500.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Flooring: Tile, Hardwood
  • Interior Features: Master Downstairs, Ceiling Fan(s), Open Floorplan

Measurements

  • Living Area: 813
  • Living Area Source: Public Records

Rooms

  • Has Basement: Yes
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Rooms Total: 4

Parking

Parking

  • Open Parking: Yes
  • Parking Features: On Street

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Has Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, In Basement, In Unit
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 1 bathroom in this condo at 131 Derby St 1R.

Are pets allowed at 131 Derby St?

Yes, 131 Derby St allows pets.

What are the annual taxes for 131 Derby St 1R?

Annual taxes for this condo are estimated at $4,738.

How does 131 Derby St 1R compare to other condos in Waterfront District?

This condo is listed 7% below the average price for condos in Waterfront District and has been on the market for 42 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the Renaissance Condo At 131 Derby Street building.

What is the square footage on this condo?

According to the MLS, this listing is 813 sqft.

131 Derby St 1R is a 2-bedroom, 1-bath condo for sale in Salem MA 01970. On Prevu for 44 days at $449,900. This includes a recent price decrease of $20,000. This home features 813 square feet of living space, located in Waterfront District. The median listing price for condos in this area is $499,900. The home offers private outdoor space, dishwasher, pets allowed, and washer/dryer. View other condo listings in Salem.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.