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    72 Derby St Salem, MA 01970

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    For Sale
    $989,000

    Three-family property in historic Derby St neighborhood, Salem, MA.

    Lot size:
    0.06 Acres

    Property Features for 72 Derby St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1915

    Source: Aluxety Agent Philip O'Donnell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Salem Three-Family Property

    This is an outstanding three-family property located in the historic Derby Street neighborhood. The property is situated near the Salem Boston Ferry Landing, Pickering Wharf, Salem Commons, Salem Willows, MBTA Commuter Rail Service, and Downtown Salem, which offers a variety of shops and restaurants. The property has seasonal harbor views. Each unit provides approximately 1100 square feet of living area and features a layout that includes two bedrooms, a kitchen dining area, and a spacious living room.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8825487
    Latitude
    42.5237071

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    FAQs

    What type of property is this?
    Triplex - Three-family property in historic Derby St neighborhood, Salem, MA.
    Where is this triplex located?
    The property is located at 72 Derby St Salem, MA.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - Prime location in the historic Derby St neighborhood, close to the Salem Boston Ferry Landing, Pickering Wharf, Salem Commons, and Downtown Salem.; - Three-family property offering potential rental income or multi-generational living.; - Convenient access to MBTA Commuter Rail Service.
    (978) 210-6098
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    Salem, MA 01970
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    72 Derby St Salem, MA 01970
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