Active
103 Days on market
125 Derby Street #D Salem — Photo 1 of 36
Recent Drop: $50,000
$579,000$529,000
$529,000
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.
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Market Value Analysis
This Property
Size (SqFt) →Price →This Property$374/sqft
Local Avg (Salem)$447/sqft
16% BelowMarket Average
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Salem, MA.
Property Details
Financials
Original Price$579,000
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 Second14 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl Second14 x 12
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl Second12 x 12
Bathroom - Full, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid
Office
Lvl Third12 x 12
Fireplace, Flooring - Wall to Wall Carpet
Master Bedroom
Lvl Third14 x 14
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second12 x 10
Bathroom 1
Lvl Second10 x 8
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl Third10 x 10
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Property History
Price Drop
$529,000
Was $549,000
Aug 13, 2026
MLS® 73514238
Price Drop
$549,000
Was $549,500
Jul 8, 2026
MLS® 73514238
Price Increase
$549,500
Was $549,000
Jun 26, 2026
MLS® 73514238
Price Drop
$549,000
Was $559,000
Jun 17, 2026
MLS® 73514238
Price Drop
$559,000
Was $579,000
May 28, 2026
MLS® 73514238
Listed
$579,000
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: 73514238
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