
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.
Open Houses
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
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
Open Houses
Browse More Homes in Salem
Explore other active listings in the area.
$499,00021 Mall St Unit 2Salem, MA2 bd2 ba1,007 sqft
$619,00049 Federal St Unit 4Salem, MA2 bd3 ba877 sqft
$449,9004 Northey Street Unit 2Salem, MA3 bd1 ba841 sqft
$910,0008 Orne Sq Unit 8Salem, MA4 bd2 ba1,835 sqft
$569,90019 Olde Village Drive Unit 1603Salem, MA2 bd3 ba2,233 sqft
$595,00010 Union Street Unit 3Salem, MA2 bd1 ba1,272 sqft

