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51 Lafayette # 403, Salem MA 01970

Salem, MA 01970 • Downtown
$4,200
Est. $221/month
2
Beds
2
Baths
1,536
Sq Ft
$3
Price/Sq Ft
20,908
Lot Sq Ft
2004
Year Built
Condominium
Type
29
Days on Market
Active Listed Jan 26, 2026 • MLS# 73471690 Copied!

About this home

Welcome to Derby Lofts in Downtown Salem. This furnished residence offers effortless urban living with water views just steps from coffee shops, restaurants, and shopping, and just a 10 minute walk to the Salem Commuter Rail station. Turnkey living with furniture and a complete kitchen setup ready – just unpack and relax. The open-concept layout features dramatic 14' ceilings, large windows, and abundant natural light, and is decorated with luxury furnishings, as if it belongs in the pages of a design magazine. This 2-bed, 2-bath home has a renovated kitchen, baths and ample storage. The kitchen boasts custom cabinets and top-of the line appliances (Liebherr French-door fridge/freezer, Miele convection oven, steam oven, and induction cooktop, Fisher-Paykel double dishwasher drawers, wine fridge). The primary bathroom features a walk-in shower and a Toto Washlet toilet. Includes 2 spaces in nearby garage available on a first come, first served basis.

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Property Overview

Property Type
Condominium
Listing Type
For Rent
Year Built
2004
Bedrooms
2
Full Bathrooms
2
Living Area
1,536 sq ft
Total Rooms
5
Entry Level
4

Facts & Features

2 Car Garage

Home Facts

Type Residential Lease
Style Condominium
Year Built 2004
Living Area 1,536 sq ft
Lot Size 20,908 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Natural Gas
Cooling None
Flooring None
Appliances Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement None
Laundry Fourth Floor, In Unit
Features Elevator, Single Living Level

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 2
Has Garage Yes
Features None
Total Spaces 4

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

HOA Yes

Interior Features

Flooring:
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Interior Features: Elevator, Single Living Level
Windows:
Basement:
Laundry: Fourth Floor, In Unit
Security: Security System

Construction & Materials

Year Built: 2004
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating: Natural Gas
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 4
Parking Features:

Location

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Neighborhood

Downtown

51 Lafayette # 403, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

3 schools
B-
Saltonstall School
0.5 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B-
Carlton School
0.8 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
The Phoenix School
0.9 mi
Grades PK-08
M

Middle Schools

2 schools
C+
Collins Middle School
0.7 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Village School
1.8 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 schools
B+
Salem Academy Charter School
0.4 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.3 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Bishop Fenwick High School
1.7 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $0
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
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Current Rate
$0/mo
+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Jan 26, 2026
$4,200
Original listing
Office: LandVest, Inc., Manchester -by-the-Sea

Price & Status History

Date Event Price Change
Jan 26, 2026 New Listing Added $4,200 —

Market Statistics

Days on Market
29 days
Price per Sq Ft
$3

Tax History

Year Taxes Assessment
Tax history not available

Listing Information

Listing Agent Sophie Soman
Listing Office LandVest, Inc., Manchester -by-the-Sea
Agent MLS ID C8000597
Office MLS ID AN4825
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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