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125 Derby Street DSalem, MA 01970

For Sale

$559,000

Smart Buyer Rebate - Ask

Quintessential Salem charm meets an unbeatable downtown location at 125 Derby Street. A stone's throw from the waterfront and vibrant Derby Street scene. This inviting Townhome features 6 rooms, 2 Bedrooms & 2 Full Baths. All highlighted by period details, multiple fireplaces, and a warm, quaint feel throughout. Freshly finished hardwood floors offer a crisp update. A dedicated home office provides flexibility for modern living. Outside, a garden patio offers a peaceful retreat - perfect for morrnng coffee or evening gatherings. All moments away from everything Salem has to offer!

Listed by Patrick Sargent

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Herrick Lutts Realty Partners

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978-766-5866

Last updated June 01, 2026

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Source: MLSPin #73514238

Listing Facts

  • TypeCondo
  • NeighborhoodWaterfront District
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu40
  • HOA/Maint. Fees$350/month
  • Taxes$5,855/year
  • Size1,416 sqft
  • Price per sqft$395

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer

Location

Mortgage Calculator

Listing History

05/28/2026
Price Decreased
$559,000
05/06/2026
Listed by Herrick Lutts Realty Partners
$579,000

Property Details for 125 Derby Street D

Association

Amenities

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, T-Station

Fees

  • Association Fee: $350.00 Monthly
  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Shingle, Rubber
  • Stories: 2
  • Stories Total: 2
  • Structure Type: Townhouse
  • Year Built: 1768
  • Year Built Details: Actual
  • Common Walls: Corner
  • Construction Materials: Stone
  • Entry Level: 2
  • Entry Location: Unit Placement(Upper)
  • Exterior Features: Patio, Fenced Yard, Garden

Features

  • Fencing: Fenced
  • Patio And Porch Features: Patio
  • Waterfront Features: Ocean, 0 To 1/10 Mile To Beach

Measurements

  • Building Area Total: 1,416
  • Building Area Units: Square Feet
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: 2138129
  • Tax Annual Amount: $5,855.00
  • Tax Assessed Value: $516,300.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Fireplace Features: Dining Room, Living Room, Master Bedroom
  • Fireplace: Yes
  • Fireplaces Total: 4
  • Flooring: Carpet, Hardwood, Flooring - Wall To Wall Carpet
  • Interior Features: Office

Measurements

  • Living Area: 1,416
  • Living Area Source: Public Record

Rooms

  • Basement: Y
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Rooms Total: 6

Parking

Parking

  • Open Parking: Yes
  • Parking Features: On Street

Schools

Elementary School

  • Elementary School: Bentley

High School

  • High School: Salem

Middle or Junior School

  • Middle Or Junior School: Collins

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Heating: Oil, Fireplace(s)
  • Has Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
  • Sewer: Public Sewer
  • Utilities: For Gas Range
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 2 bathrooms in this condo at 125 Derby Street D.

What schools are nearby to 125 Derby Street D?

Nearby schools include the Bentley Elementary School, Collins Middle School, and Salem High School.

What are the annual taxes for 125 Derby Street D?

Annual taxes for this condo are estimated at $5,855.

How does 125 Derby Street D compare to other condos in Waterfront District?

This condo is listed 18% above the average price for condos in Waterfront District and has been on the market for 1 less day than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 1,416 sqft.

125 Derby Street D is a 2-bedroom, 2-bath condo for sale in Salem MA 01970. Listed on Prevu for 40 days at $559,000. This includes a recent price decrease of $20,000. This property features 1,416 square feet of living space, located in Salem. The median listing price for condos in this area is $474,900. Nearby schools include Bentley Elementary School, Collins Middle School, and Salem High School. Property amenities include private outdoor space, dishwasher, and washer/dryer. View other condo listings in Salem.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.