125 Derby Street #D Salem — Photo 1 of 36
Recent Drop: $19,100
$499,900
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.
Key facts
It was listed on September 9, 2026. The price has come down from an original $519,000 to $499,900, most recently on September 16, 2026. The annual property taxes are $5,855 (2025 tax year). The condo fee is $350 per month, which includes water.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • T-Station
Geography
Floorplan Breakdown
Structural Layout
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
Primary 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
$499,900
Was $519,000
Sep 16, 2026
MLS® 73574145
$519,000
Sep 9, 2026
MLS® 73574145
$529,000
Sep 3, 2026
MLS® 73514238
$529,000
May 6, 2026
MLS® 73514238
Questions about this home
When was 125 Derby Street #D, Salem listed?
125 Derby Street #D, Salem was listed on September 9, 2026.
Has the price of 125 Derby Street #D, Salem changed?
The price has come down from an original $519,000 to $499,900, most recently on September 16, 2026.
What are the property taxes for 125 Derby Street #D, Salem?
The annual property taxes for 125 Derby Street #D, Salem are $5,855 (2025 tax year).
What is the condo fee at 125 Derby Street #D, Salem?
The condo fee is $350 per month, which includes water.
What is the status of 125 Derby Street #D, Salem?
125 Derby Street #D, Salem is actively listed for sale.
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
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Patrick Sargent
Listing Office: Herrick Lutts Realty Partners
MLS® Number: 73574145
