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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. Located on the quieter end of Derby Street, 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, in a stable, convivial neighborhood, 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!

More Info

Basic Information

  • Bedrooms1
  • Mls StatusNew
  • Bathroom1
  • Listing Terms Contract
  • Parcel Number M:0041 B:0096 L:0801,2137876
  • Unit Number74

Tax Information

  • Tax Assessed Value $484,900
  • Tax Year 2026
  • Taxes$5,227

School Information

  • High School Salem Schools
  • Elementary SchoolSalem Schools
  • Junior HighSalem Schools

Parking

  • Parking Spaces2
  • Parking Features Off Street, Tandem

Rooms

  • Bathroom 1 Main, First,7.583333333 x 7.25
  • Bathrooms Total Decimal 1
  • Bedroom 2 Main, First,11.75 x 14
  • Dining Room Main, First,12.5 x 5.166666666
  • Full Bath1
  • Kitchen Main, First,12.5 x 10.583333333
  • Living Room Main, First,17.083333333 x 20.666666666
  • Main Level Bathrooms 1
  • Main Level Bedrooms 1
  • Master Bedroom Basement,21.083333333
  • Office First,12.833333333 x 7.25

Basic Information

  • List Price$499,900
  • MLS Number73574904
  • Modification Date09/10/2026
  • Property SubTypeCondominium

Location

  • Address74 Derby Street
  • Building Number74
  • CountyEssex
  • StateMA
  • StreetDerby Street
  • TownSalem
  • Zip01970

Building

  • BasementY
  • Building Area Units Square Feet
  • Construction Materials Frame
  • Entry Level 1
  • Patio And Porch Features Patio
  • Rooms5
  • Stories2
  • Utilities For Gas Range, For Gas Oven, For Gas Dryer, Washer Hookup
  • Year Built1900
  • Year Built Details Renovated Since
  • Year Built Effective 1986
  • Year Built Source Public Records

Property

  • Entry Location Unit Placement(Ground)

Interior

  • Flooring Tile, Vinyl, Hardwood
  • Interior Features Open Floorplan, Lighting - Overhead, Decorative Molding, Office, Internet Available - Unknown

Exterior

  • Exterior Features Patio
  • RoofShingle

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Square Feet1,400
  • Building Area Source Other
  • Living Area 1,400
  • Lot Size Units Acres
  • Property Condition Updated/Remodeled
  • Structure Type 2/3 Family

Amenities

  • Amenities
    • Bike Path
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Green Energy Efficient Thermostat
  • Other AmenitiesGolf, Tennis
  • PetsYes w/ Restrictions

Water Body

  • Miles to Beach0.5
  • Waterfront Features Ocean,3/10 to 1/2 Mile To Beach

Other

  • Association Fee $250
  • Association Fee Frequency Monthly
  • Association Fee Includes Water, Insurance, Maintenance Structure
  • Date Listed09/10/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Tracey Hutchinson of Churchill Properties

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