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125 Derby Street Downtown 01970, Salem

$519,000

For Sale

1416 SqFt

Size

2

Bedrooms

2

Bathrooms

73574145

Property Id

Property image 1
1 / 36

Description

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.

Address

Address125 Derby Street Downtown 01970 Salem, MA
CountryUS
Property Type

Residential

Property Class

CondoProperty

Style

Condominium

Transaction Type

Sale

Year Built

1768

Total Rooms

6

Bedrooms

2

Bathrooms (Full)

2

Square Feet

1,416 sqft

Heating

Oil, Fireplace(s)

Cooling

Window Unit(s)

Flooring

Carpet, Hardwood, Flooring - Wall to Wall Carpet

Total Rooms

6

Bedrooms

2

Full Bathrooms

2

Flooring

Carpet, Hardwood, Flooring - Wall to Wall Carpet

Appliances

Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

Heating

Oil, Fireplace(s)

Cooling

Window Unit(s)

Basement

Y

Fireplaces

4

List Price

$519,000

Original Price

$519,000

Price per Sqft

$367

Annual Property Taxes

$5,855

Tax Assessment Year

2025

Monthly Tax Estimate

$488

HOA Fee (Monthly)

$350

Total Monthly HOA

$350

MLS Pin© 2026 MLS Property Information Network, Inc. (MLSPIN). The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. This information was last updated on Friday, September 11, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Please contact Patrick Sargent directly for additional information pertaining to the status and availability of properties displayed on this website.