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  3. Salem, MA
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  5. Derby Lofts
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Derby Lofts

51 Lafayette St., Salem, MA, 01970

YEAR BUILT

1908

# STORIES

1

# TOTAL UNITS

77

UNIT SIZE RANGE

982-1,766 sqft

Description

Derby Lofts sits at 51 Lafayette St in Salem, MA. This low-rise building features just one story and consists of 77 condominiums. Built in 1908, the building presents a historic charm with modern living. Unit sizes range from 982 to 1,766 square feet. Unit prices vary from $569,000 to $589,000. The average closed price over the past year is $618,250. The average price per square foot stands at $396. These homes typically spend around 65 days on the market, showing a steady interest in this property type. The building offers a variety of amenities. Residents can enjoy a golf course, tennis courts, and access to a bike path. Nearby parks provide great outdoor spaces, while public transportation allows simple travel throughout the area. On-site parking and elevators add to everyday convenience. Residents have plenty of dining options close by. K and R Restaurant Group LLC, Paaastelitos, and Howling Wolf Taqueria are popular local spots. The building is situated near the intersection of Boston Street and Bridge Street, making it easy to navigate to local attractions. The Atlantic Ocean lies nearby, offering scenic views and recreational opportunities. The surrounding conservation area ensures a pleasant environment. This building combines historic design with modern amenities and access to nature. Living here provides a well-rounded experience in Salem.

Building ImageMLS ID #73426999
Building ImageMLS ID #73426999
Building Image
Building ImageView Listing

Derby Lofts

51 Lafayette St., Salem, MA, 01970

YEAR BUILT

1908

# STORIES

1

# TOTAL UNITS

77

UNIT SIZE RANGE

982-1,766 sqft

Description

Derby Lofts sits at 51 Lafayette St in Salem, MA. This low-rise building features just one story and consists of 77 condominiums. Built in 1908, the building presents a historic charm with modern living. Unit sizes range from 982 to 1,766 square feet. Unit prices vary from $569,000 to $589,000. The average closed price over the past year is $618,250. The average price per square foot stands at $396. These homes typically spend around 65 days on the market, showing a steady interest in this property type. The building offers a variety of amenities. Residents can enjoy a golf course, tennis courts, and access to a bike path. Nearby parks provide great outdoor spaces, while public transportation allows simple travel throughout the area. On-site parking and elevators add to everyday convenience. Residents have plenty of dining options close by. K and R Restaurant Group LLC, Paaastelitos, and Howling Wolf Taqueria are popular local spots. The building is situated near the intersection of Boston Street and Bridge Street, making it easy to navigate to local attractions. The Atlantic Ocean lies nearby, offering scenic views and recreational opportunities. The surrounding conservation area ensures a pleasant environment. This building combines historic design with modern amenities and access to nature. Living here provides a well-rounded experience in Salem.

Next

Description

Derby Lofts sits at 51 Lafayette St in Salem, MA. This low-rise building features just one story and consists of 77 condominiums. Built in 1908, the building presents a historic charm with modern living. Unit sizes range from 982 to 1,766 square feet. Unit prices vary from $569,000 to $589,000. The average closed price over the past year is $618,250. The average price per square foot stands at $396. These homes typically spend around 65 days on the market, showing a steady interest in this property type. The building offers a variety of amenities. Residents can enjoy a golf course, tennis courts, and access to a bike path. Nearby parks provide great outdoor spaces, while public transportation allows simple travel throughout the area. On-site parking and elevators add to everyday convenience. Residents have plenty of dining options close by. K and R Restaurant Group LLC, Paaastelitos, and Howling Wolf Taqueria are popular local spots. The building is situated near the intersection of Boston Street and Bridge Street, making it easy to navigate to local attractions. The Atlantic Ocean lies nearby, offering scenic views and recreational opportunities. The surrounding conservation area ensures a pleasant environment. This building combines historic design with modern amenities and access to nature. Living here provides a well-rounded experience in Salem.

Derby Lofts Key Stats Last 12 months

Avg. Listed Price$636,000($412/Sqft.)
Avg. Sale Price$618,250($396/Sqft.)
Year over year list priceUp Arrow13.68%
Year over year sale priceUp Arrow 12.48%
Total Listings3 Listed
Total sold4 Sold
Average Days on Market65 days
Average HOA fees per sqft$4 /monthly
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Key Stats

Year over year list priceUp Arrow13.68%
Year over year sale priceUp Arrow12.48%
Total Listings3 Listed
Total sold4 Sold
Average Days on Market65 days
Average HOA fees per sqft$4 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

-
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

-
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Derby Lofts Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 609609152022412025-10-17
MLS#: 73426999 		Closed$725,000
Unit 3043041620221162025-10-01
MLS#: 73387368 		Closed$589,000
Unit 2032031563221142024-03-08
MLS#: 73180635 		Closed$595,000
Unit 203
203

2 Beds

2 Baths

1563 sqft

DateStatusPrice
2024-03-08Closed$595,000
MLS#: 73180635
Days On Market114
Unit 304
304

2 Beds

2 Baths

1620 sqft

DateStatusPrice
2025-10-01Closed$589,000
MLS#: 73387368
Days On Market116
Unit 609
609

2 Beds

2 Baths

1520 sqft

DateStatusPrice
2025-10-17Closed$725,000
MLS#: 73426999
Days On Market41
View Complete Unit Listing HistorySource By: MLSPIN

Amenities

Living at Derby Lofts means access to an array of fantastic amenities that will enhance your lifestyle. The building features not only a pool and a tennis court but also a bike path, perfect for those sunny afternoons when you want to be outside. If you’re a golf enthusiast, the nearby golf course will surely be a hit. The convenience of elevator access cannot be understated, and the abundance of nearby parks and conservation areas adds to the appeal of this lovely locale. It’s easy to envision yourself soaking up the sun by the pool or enjoying leisurely walks around the community.

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Amenities Description

Living at Derby Lofts means access to an array of fantastic amenities that will enhance your lifestyle. The building features not only a pool and a tennis court but also a bike path, perfect for those sunny afternoons when you want to be outside. If you’re a golf enthusiast, the nearby golf course will surely be a hit. The convenience of elevator access cannot be understated, and the abundance of nearby parks and conservation areas adds to the appeal of this lovely locale. It’s easy to envision yourself soaking up the sun by the pool or enjoying leisurely walks around the community.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
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Amenities

Elevator(s)

Elevator(s)

Security System

Security System

Security Guard

Security Guard

Tennis Court(s)

Tennis Court(s)

Balcony

Balcony

Pool

Pool

Policies

As with any community living, Derby Lofts has certain building policies in place. There are some restrictions to keep the environment pleasant for everyone, which is a plus for first-time buyers looking for a harmonious living experience.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Derby Lofts$396/sqft.$4 /sqft.
51 Lafayette St$396/sqft.$4 /sqft.
20 Central St$371/sqft.$3 /sqft.
Harbors Edge$308/sqft.$4 /sqft.
41 Harbor St$308/sqft.$4 /sqft.
The Residences At Museum Place$562/sqft.$3 /sqft.

Nearby Schools

Residents of Derby Lofts enjoy access to nearby educational institutions across Salem. Schools within a 2-mile radius enhance convenience for daily routines. Close proximity supports consistent attendance and flexibility. This location promotes a family-friendly lifestyle.

The Phoenix School

--
Private|Grades KG–8
89 Margin St|0.18 miles away

New Liberty Innovation School

F
Public|Grades 9–12
2 E India Square M...|0.26 miles away

Salem Preparatory High School

--
Public|Grades 9–12
2 Museum Place Mal...|0.27 miles away

Salem Academy Charter School

B
Public|Grades 6–12
45 Congress St, Sh...|0.3 miles away

Saltonstall School

C-
Public|Grades KG–8
211 Lafayette St|0.37 miles away

Collins Middle School

C-
Public|Grades 6–8
29 Highland Ave|0.67 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Residents of Derby Lofts enjoy access to nearby educational institutions across Salem. Schools within a 2-mile radius enhance convenience for daily routines. Close proximity supports consistent attendance and flexibility. This location promotes a family-friendly lifestyle.

The Phoenix School

--
Private|Grades KG–8
89 Margin St|Less than 1 Mile Away

New Liberty Innovation School

F
Public|Grades 9–12
2 E India Square M...|Less than 1 Mile Away

Salem Preparatory High School

--
Public|Grades 9–12
2 Museum Place Mal...|Less than 1 Mile Away

Salem Academy Charter School

B
Public|Grades 6–12
45 Congress St, Sh...|Less than 1 Mile Away

Saltonstall School

C-
Public|Grades KG–8
211 Lafayette St|Less than 1 Mile Away

Collins Middle School

C-
Public|Grades 6–8
29 Highland Ave|Less than 1 Mile Away

Carlton

C
Public|Grades KG–5
10 Skerry St|Less than 1 Mile Away

Bentley Academy Innovation School

--
Public|Grades KG–5
25 Memorial Dr|Less than 1 Mile Away

Salem Early Childhood

--
Public|Grades PK–KG
25 Memorial Dr|Less than 1 Mile Away

Horace Mann Laboratory

C
Public|Grades KG–5
79 Willson St|1.13 Miles Away

Salem High School

D+
Public|Grades 9–12
77 Willson St|1.23 Miles Away

Bates

C+
Public|Grades KG–5
53 Liberty Hill Av...|1.26 Miles Away

Witchcraft Heights

D
Public|Grades KG–5
1 Frederick St|1.39 Miles Away

Thomas Carroll Elementary School

D+
Public|Grades KG–5
60 Northend St|1.54 Miles Away

Childrens Workshop Montessori

--
Private|Grades PK–KG
53 Robert Rd|1.71 Miles Away

Tower School

--
Private|Grades PK–8
75 W Shore Dr|1.75 Miles Away

Village School

C
Public|Grades 3–6
93 Village St|1.76 Miles Away

St John the Baptist School

--
Private|Grades PK–8
19 Chestnut St|1.87 Miles Away

William A. Welch Elementary School

D
Public|Grades PK–5
50 Swampscott Ave|1.88 Miles Away

L H Coffin

--
Public|Grades 1–2
1 Turner Rd|1.88 Miles Away

Bishop Fenwick High School

--
Private|Grades 9–12
99 Margin St|1.91 Miles Away

Transit

Derby Lofts enjoys proximity to 50+ public transit options throughout Salem. Located within a 2-mile radius, these connections enable easy commuting and dependable travel. Residents benefit from reduced reliance on private vehicles. A well-served transit location supports sustainable urban living.

11 Bridge St

1.22 miles away|24 min walk

446 Loring Ave

1.98 miles away|38 min walk

46 Cabot St

1.74 miles away|34 min walk

81 Highland Ave @ Salem Hospital

0.89 miles away|17 min walk

86 Central St

1.95 miles away|38 min walk

Bridge St @ Ames St

1.21 miles away|24 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Derby Lofts enjoys proximity to 50+ public transit options throughout Salem. Located within a 2-mile radius, these connections enable easy commuting and dependable travel. Residents benefit from reduced reliance on private vehicles. A well-served transit location supports sustainable urban living.

11 Bridge St

1.22 miles away|24 min walk

446 Loring Ave

1.98 miles away|38 min walk

46 Cabot St

1.74 miles away|34 min walk

81 Highland Ave @ Salem Hospital

0.89 miles away|17 min walk

86 Central St

1.95 miles away|38 min walk

Bridge St @ Ames St

1.21 miles away|24 min walk

Bridge St @ Cromwell St

0.95 miles away|19 min walk

Bridge St @ March St

1.01 miles away|20 min walk

Bridge St @ Osgood St

0.98 miles away|19 min walk

Bridge St @ Saunders St

0.73 miles away|14 min walk

Bridge St @ Skerry St

0.89 miles away|18 min walk

Bridge St @ Thorndike St

1.13 miles away|22 min walk

Cabot St & Highland Ave

1.94 miles away|38 min walk

Cabot St opp Highland Ave

1.96 miles away|38 min walk

Cabot St opp May St

1.92 miles away|37 min walk

Cabot St @ Stone St

1.75 miles away|34 min walk

Central St @ Community Life Center

1.94 miles away|38 min walk

Central St opp Walnut St

1.82 miles away|35 min walk

Central St @ Walnut St

1.8 miles away|35 min walk

Essex St @ Beckford St

0.43 miles away|9 min walk

Essex St @ Flint St

0.52 miles away|11 min walk

Essex St @ Hamilton st

0.42 miles away|9 min walk

Essex St @ Monroe St

0.48 miles away|10 min walk

Essex St opp Monroe St

0.47 miles away|10 min walk

Essex St opp Warren St

0.62 miles away|12 min walk

Essex St @ Summer St

0.33 miles away|7 min walk

Essex St @ Warren St

0.61 miles away|12 min walk

Hawthorne Blvd @ Derby St

0.23 miles away|5 min walk

Hawthorne Blvd @ Essex St

0.31 miles away|6 min walk

Hawthorne Blvd @ Washington Sq S

0.33 miles away|7 min walk

Highland Ave @ Cherry Hill Ave

1.1 miles away|22 min walk

Highland Ave @ Hawthorne Sq

1.7 miles away|33 min walk

Highland Ave @ Marlborough Rd

1.86 miles away|36 min walk

Highland Ave opp Proctor St

0.8 miles away|16 min walk

Highland Ave @ Proctor St

0.81 miles away|16 min walk

Highland Ave @ Salem Hospital

0.91 miles away|18 min walk

Highland Ave @ Valley St

1.21 miles away|24 min walk

Highland Ave @ Willson St

1.1 miles away|22 min walk

Lafayette @ Leavitt St

0.29 miles away|6 min walk

Lafayette St @ Cedar St

0.24 miles away|5 min walk

Lafayette St @ Clifton Ave

0.82 miles away|16 min walk

Lafayette St @ Forest Ave

0.82 miles away|16 min walk

Lafayette St @ Hancock St

0.4 miles away|8 min walk

Lafayette St @ Harbor St

0.08 miles away|2 min walk

Lafayette St @ Holly St

0.52 miles away|10 min walk

Lafayette St @ Laurel St

0.62 miles away|12 min walk

Lafayette St @ Leach St

0.53 miles away|11 min walk

Lafayette St @ Loring Ave

0.9 miles away|18 min walk

Lafayette St @ Ocean Ave

0.73 miles away|14 min walk

Lafayette St @ Palmer St

0.23 miles away|5 min walk

The Neighbourhood: The Point

The Point is a coastal neighborhood in Essex County with easy waterfront access, small harbors, and scenic viewpoints. The area has parks, seaside walking paths, local shops, cafes, and a few family restaurants near the water. This district hosts occasional markets and small festivals in public squares and community spaces for families and visitors. The area includes grocery options, pharmacies, health clinics, and a public library for basic daily needs. Travel links include state routes, commuter bus lines, and nearby rail connections that link the district to larger towns.

Next

Neighbourhood Description

The Point is a coastal neighborhood in Essex County with easy waterfront access, small harbors, and scenic viewpoints. The area has parks, seaside walking paths, local shops, cafes, and a few family restaurants near the water. This district hosts occasional markets and small festivals in public squares and community spaces for families and visitors. The area includes grocery options, pharmacies, health clinics, and a public library for basic daily needs. Travel links include state routes, commuter bus lines, and nearby rail connections that link the district to larger towns.

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Derby Lofts Demographics

Age Demographics

0–14 Years

16.18%

15–29 Years

21.81%

30–44 Years

24.52%

45–59 Years

17.59%

60+ Years

19.9%

Commute

7.69%

Transit

9.64%

Walk

63.41%

Drive

0.9%

Bike

Housing Ownership

37.26%

Owner Occupied

62.74%

Rental Units

Household Types

Single Family
23.44%
Multi Family
4.16%
Single Person
38.22%
Multi Person
61.78%

Average Income

Household:$6,483,228.07 /yr

Individual:$4,334,959.11 /yr

Education

Bachelors Degree27.79%
High School College19.06%
Diploma4.95%
Post Graduate20.44%
Others27.75%
Next

Education

Diploma4.95%
Post Graduate20.44%
Others27.75%
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    Derby Lofts
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