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103 Days on market
16 Franklin Street #2501 Salem — Photo 1 of 31

16 Franklin Street #2501 Salem — Photo 1 of 31

$1,200,000

16 Franklin Street #2501, Salem, MA 01970

Salem, MA 01970

Beds

3

Baths

2

SqFt

1,569

Style

Condominium

Built

2025

Perched atop RIVERWALK, this exceptional penthouse residence offers luxury single-level living with sweeping river and city skyline views. Ideally located minutes from commuter rail service to Boston and the acclaimed dining, shopping, and cultural attractions of historic downtown Salem, it combines urban convenience with waterfront tranquility. The thoughtfully designed three-bedroom, two-bath layout features soaring ceilings, oversized windows, and an open-concept living space finished with wide-plank European oak flooring. The chef-inspired kitchen showcases Bosch appliances, custom cabinetry, and elegant quartz surfaces. The private primary suite includes a walk-in closet and a spa-like bath with radiant heated floors, dual vanities, glass shower, and smart bidet. Amenities include heated indoor garage parking, elevator access, Clubroom Lounge, fitness center, and a beautifully landscaped riverside patio.

Key facts

It was listed on June 23, 2026. The condo fee is $779 per month, which includes water.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$765/sqft
Local Avg (Salem)$468/sqft
63% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$1,200,000
Annual Taxes--
HOA Fee$779

Parking

Garage1
Off-Street1

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile
BasementN

Climate & Utilities

HeatingCentral, Heat Pump, Electric
CoolingHeat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
Foundation--
ZoningNRCC

Property & Lot

Acres--
SqFt Lot--
Lot Features--

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

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First
Bedroom 2
Lvl First
Bedroom 3
Lvl First
Bathroom 1
Lvl First

Bathroom - Full

Bathroom 2
Lvl First

Bathroom - Full

Questions about this home

When was 16 Franklin Street #2501, Salem listed?

16 Franklin Street #2501, Salem was listed on June 23, 2026.

Has the price of 16 Franklin Street #2501, Salem changed?

The price hasn't changed since it was listed at $1,200,000.

What is the condo fee at 16 Franklin Street #2501, Salem?

The condo fee is $779 per month, which includes water.

What is the status of 16 Franklin Street #2501, Salem?

16 Franklin Street #2501, 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 Provided By

Listing Agent: Merry Fox Team

Listing Office: MerryFox Realty

MLS® Number: 73540185