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125 Derby Street DSalem, MA 01970

For Sale

$519,000

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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.

Last updated September 13, 2026

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Source: MLSPin #73574145

Listing Facts

  • TypeCondo
  • NeighborhoodWaterfront District
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu6
  • HOA/Maint. Fees$350/month
  • Taxes$5,855/year
  • Size1,416 sqft
  • Price per sqft$367

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer

Location

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Listing History

09/09/2026
Listed by
$519,000
  1. 09/09/2026$519,000
    Listed by

Property Details for 125 Derby Street D

Association

Amenities

  • Community Features: Park

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
  • Construction Materials: Stone
  • Entry Level: 2
  • Entry Location: Unit Placement(Upper)
  • Exterior Features: Garden

Features

  • Fencing: Fenced
  • Patio And Porch Features: Patio
  • Waterfront Features: Ocean Front

Measurements

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

Financial

Taxes

  • Parcel Number: 2138131
  • Tax Annual Amount: $5,855.00
  • Tax Assessed Value: $516,300.00
  • Tax Year: 2025

Interior

Features

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

Measurements

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

Rooms

  • Has Basement: Yes
  • 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), Zoned
  • Has Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, In Unit
  • Sewer: Public Sewer
  • 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 10% above the average price for condos in Waterfront District and has been on the market for 36 less days 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. Available on Prevu for 6 days at $519,000. This home features 1,416 square feet of living space, located in Waterfront District. The median listing price for condos in this area is $519,000. Nearby schools include Bentley Elementary School, Collins Middle School, and Salem High School. The home offers private outdoor space, dishwasher, and washer/dryer. Explore more 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.