Active
2 Days on market
125 Derby Street #D Salem — Photo 1 of 36

125 Derby Street #D Salem — Photo 1 of 36

$519,000

125 Derby Street #D, Salem, MA 01970

Salem, MA 01970 — Downtown

Beds

2

Baths

2

SqFt

1,416

Style

Condominium

Built

1768

Step back in time without sacrificing modern convenience. Built in 1768 for Captain Edward Allen, this exceptional 6-room, 2-bedroom townhome is nestled in the heart of Salem's Historic District, just steps from The House of the Seven Gables, Pickering Wharf, and the historic Ye Olde Pepper Companie. Rich with period character, the home showcases beautifully refinished original King pine hardwood floors, multiple original fireplaces, and timeless architectural details throughout. The elegant dining room features a stunning hand-painted mural depicting Pickering Wharf as it appeared during the home's early years, creating a one-of-a-kind setting for entertaining. Thoughtfully updated for today's lifestyle, the home also offers a renovated kitchen, in-unit washer and dryer, and the perfect blend of historic charm and modern comfort. Rarely does an opportunity arise to own a piece of Salem's rich history in one of its most sought-after locations.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$367/sqft
Local Avg (Salem)$443/sqft
17% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$519,000
Annual Taxes$5,855
HOA Fee$350

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms6
Fireplaces4
FlooringCarpet, Hardwood, Flooring - Wall to Wall Carpet
BasementY

Climate & Utilities

HeatingOil, Fireplace(s)
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
RoofShingle, Rubber
Foundation--
ZoningB1

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • T-Station

Geography

Floorplan Breakdown

Structural Layout

Third
OfficeMaster BedroomBathroom 2
Second
Living RoomDining RoomKitchenBedroom 2Bathroom 1
Living Room
Lvl Second

14 x 14

Flooring - Hardwood, Window(s) - Bay/Bow/Box

Dining Room
Lvl Second

14 x 12

Flooring - Hardwood, Window(s) - Bay/Bow/Box

Kitchen
Lvl Second

12 x 12

Bathroom - Full, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid

Office
Lvl Third

12 x 12

Fireplace, Flooring - Wall to Wall Carpet

Master Bedroom
Lvl Third

14 x 14

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

12 x 10

Bathroom 1
Lvl Second

10 x 8

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Bathroom 2
Lvl Third

10 x 10

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Property History

Listed
$519,000

Sep 9, 2026

MLS® 73574145

Terminated
$529,000

Sep 3, 2026

MLS® 73514238

Listed
$529,000

May 6, 2026

MLS® 73514238

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Patrick Sargent

Listing Office: Herrick Lutts Realty Partners

MLS® Number: 73574145

Browse More Homes in Salem

Explore other active listings in the area.