16 Franklin Street #1503 Salem — Photo 1 of 31
$1,000,000
16 Franklin Street #1503, Salem, MA 01970
Salem, MA 01970
Beds
3
Baths
2
SqFt
1,506
Style
Condominium
Built
2025
Experience penthouse living at RIVERWALK SALEM, where sophisticated design meets effortless North Shore living. This spacious new three-bedroom, two-bath penthouse offers exceptional privacy, oversized windows, soaring ceilings, a private balcony, and a signature designer aesthetic. The Chef’s kitchen features Bosch stainless steel appliances, custom cabinetry, quartz countertops and backsplash, and opens to expansive living and dining spaces with European hardwood floors throughout. The luxurious primary suite offers a walk-in closet and spa-inspired bath with heated floors, double vanity, smart bidet, and seamless tiled shower. RIVERWALK amenities include indoor heated parking, elevator, state-of-the-art fitness center, Clubroom Lounge, and Riverside Outdoor Kitchen/Patio. Just moments from historic downtown Salem, dining, shopping, culture, and the commuter rail to Boston.
Key facts
It was listed on August 17, 2026. The condo fee is $746 per month, which includes water.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl FirstBathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl FirstBathroom - Full
Questions about this home
When was 16 Franklin Street #1503, Salem listed?
16 Franklin Street #1503, Salem was listed on August 17, 2026.
Has the price of 16 Franklin Street #1503, Salem changed?
The price hasn't changed since it was listed at $1,000,000.
What is the condo fee at 16 Franklin Street #1503, Salem?
The condo fee is $746 per month, which includes water.
What is the status of 16 Franklin Street #1503, Salem?
16 Franklin Street #1503, Salem is actively listed for sale.
Population
44,738
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$85K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
50.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Merry Fox Team
Listing Office: MerryFox Realty
MLS® Number: 73564692
