Prevu by reAlpha
BuySellBlogBrowse Listings

74 Derby St 1Salem, MA 01970

For Sale

$499,900

Smart Buyer Rebate - Ask

Welcome to 74 Derby Street, Unit 1! This beautifully renovated condominium, located in the Derby Waterfront District, offers the perfect blend of character, style, and convenience, presenting much larger than its one-bedroom designation, with flexible living spaces throughout. The heart of the home is a stunning, well appointed kitchen, featuring stainless appliances, leathered granite counters, a charming banquet seating area, and an open-concept layout that flows seamlessly into a large living and entertaining space. The first-floor is also home to a nicely sized bedroom with generous closet space, which is complemented by an updated full bathroom and a modern office space. Downstairs, discover a substantial additional finished living area that offers incredible flexibility as a primary suite-style retreat, family room, guest space or home gym. Outside, enjoy a protected patio area with room for grilling and two parking spaces. This home puts the very best of Salem right outside your door—restaurants, shops, history, culture, waterfront, the Willows, and all the energy this vibrant city has to offer within a mile radius! Salem Ferry Landing is right around the corner and Collins Cove Beach is 1/2 mile stroll. A rare opportunity to own a spacious, stylish, and thoughtfully updated home in one of Salem's most desirable locations: across from green space, on the bike path, with easy access at ALL times of the year and sneak peeks of the water in winter! Fun fact...Salem residents get reduced rates on the Ferry, and free access to the Salem Museums! Please text when emailing.

Last updated September 14, 2026

·

Source: MLSPin #73574904

Listing Facts

  • TypeCondo
  • NeighborhoodWaterfront District
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu5
  • HOA/Maint. Fees$250/month
  • Taxes$5,227/year
  • Size1,400 sqft
  • Price per sqft$357

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

09/10/2026
Listed by
$499,900
  1. 09/10/2026$499,900
    Listed by

Property Details for 74 Derby St 1

Association

Amenities

  • Community Features: Pool, Tennis Court(s), Park, Golf
  • Pets Allowed: Breed Restrictions, Yes

Fees

  • Association Fee: $250.00 Monthly
  • Association Fee Includes: Water, Insurance, Maintenance Structure

Exterior

Construction

  • Number Of Units Total: 2
  • Property Condition: Updated/Remodeled
  • Roof: Shingle
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1900
  • Year Built Details: Renovated Since
  • Construction Materials: Frame
  • Entry Level: 1
  • Entry Location: Unit Placement(Ground)

Features

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

Measurements

  • Building Area Total: 1,400
  • Building Area Units: Square Feet
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: M:0041 B:0096 L:0801,2137876
  • Tax Annual Amount: $5,227.00
  • Tax Assessed Value: $484,900.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Flooring: Tile, Vinyl, Hardwood
  • Interior Features: Open Floorplan

Measurements

  • Living Area: 1,400
  • Living Area Source: Other

Rooms

  • Has Basement: Yes
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Rooms Total: 5

Other

Environmental

  • Green Energy Efficient: Thermostat

General

  • Exclusions: Please Inquire.

Parking

Parking

  • Open Parking Spaces: 2
  • Parking Features: Off Street, Tandem
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Salem Schools

High School

  • High School: Salem Schools

Middle or Junior School

  • Middle Or Junior School: Salem Schools

Utilities

Equipment

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

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1 bathroom in this condo at 74 Derby St 1.

What schools are nearby to 74 Derby St 1?

Nearby schools include the Salem Schools Elementary School, Salem Schools Middle School, and Salem Schools High School.

Does this condo have parking?

Yes, there are 2 parking spaces available for 74 Derby St 1.

Are pets allowed at 74 Derby St?

Yes, 74 Derby St allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 74 Derby St 1?

Annual taxes for this condo are estimated at $5,227.

How does 74 Derby St 1 compare to other condos in Waterfront District?

This condo is listed 6% above the average price for condos in Waterfront District and has been on the market for 37 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 1,400 sqft.

74 Derby St 1 is a 1-bedroom, 1-bath condo for sale in Salem MA 01970. Available on Prevu for 5 days at $499,900. This residence features 1,400 square feet of living space, located in Waterfront District. The median listing price for condos in this area is $519,000. Nearby schools include Salem Schools Elementary School, Salem Schools Middle School, and Salem Schools High School. The home offers private outdoor space, dishwasher, pets allowed, parking, swimming pool, 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.