125 Derby Street #D Salem — Photo 1 of 36
$519,000
Investment Analysis — 125 Derby Street #D
Salem, MA 01970 — Downtown
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01970 carries an estimated $2,560/mo in gross rent — about a 2.56% cap rate and $13,292/yr in estimated NOI at the $519,000 list price. Adjust every assumption in the calculator below.
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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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
Master 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
$519,000
Sep 9, 2026
MLS® 73574145
$529,000
Sep 3, 2026
MLS® 73514238
$529,000
May 6, 2026
MLS® 73514238
Listing Agent: Patrick Sargent
Listing Office: Herrick Lutts Realty Partners
MLS® Number: 73574145
