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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.

More Info

Basic Information

  • Bedrooms2
  • Mls StatusContingent
  • Bathroom2
  • Contingency Inspection
  • Parcel Number 2138131
  • Unit NumberD

Tax Information

  • Tax Assessed Value $516,300
  • Tax Year 2025
  • Taxes$5,855

School Information

  • High School Salem
  • Elementary SchoolBentley
  • High SchoolSalem
  • Junior HighCollins

Parking

  • Parking Spaces
  • Open Parking YN Yes
  • Parking Features On Street

Rooms

  • Bathroom 1 Second,10 x 8
  • Bathroom 2 Third,10 x 10
  • Bathrooms Total Decimal 2
  • Bedroom 2 Second,12 x 10
  • Dining Room Second,14 x 12
  • Full Bath2
  • Kitchen Second,12 x 12
  • Living Room Second,14 x 14
  • Master Bedroom Third,14
  • Office Third,12 x 12

Basic Information

  • List Price$549,000
  • MLS Number73514238
  • Modification Date07/30/2026
  • Property SubTypeCondominium
  • Purchase Contract Date07/29/2026

Location

  • NeighborhoodDowntown
  • SubdivisionDowntown
  • Address125 Derby Street
  • Building Number125
  • CountyEssex
  • StateMA
  • StreetDerby Street
  • TownSalem
  • Zip01970

Building

  • BasementY
  • Building Area Units Square Feet
  • Common Walls Corner
  • Construction Materials Stone
  • Entry Level 2
  • FireplaceYes
  • Fireplace Features Dining Room, Living Room, Master Bedroom
  • Fireplaces Total 4
  • Patio And Porch Features Patio
  • Rooms6
  • Stories2
  • Utilities For Gas Range
  • Year Built1768
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Entry Location Unit Placement(Upper)

Interior

  • Flooring Carpet, Hardwood, Flooring - Wall to Wall Carpet
  • Interior Features Office

Exterior

  • Exterior Features Patio, Fenced Yard, Garden
  • Fencing Fenced
  • RoofShingle, Rubber

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Heat SystemYes
  • Heating Oil, Fireplace(s)
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Square Feet1,416
  • Building Area Source Public Records
  • Living Area 1,416
  • Lot Size Units Acres
  • Structure Type Townhouse

Amenities

  • Amenities
    • Laundromat
    • Park
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Other AmenitiesFireplace, Garden

Water Body

  • Miles to Beach0.1
  • Waterfront Features Ocean,0 to 1/10 Mile To Beach

Legal

  • ZoningB1

Other

  • Association Fee $350
  • Association Fee Frequency Monthly
  • Association Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds
  • Date Listed05/07/2026
  • Farm Land Area Units Square Feet
  • View Count2

Map Location

Driving Directions

Listed by Patrick Sargent of Herrick Lutts Realty Partners

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