Active Under Contract
31 Days on market
16 Franklin Street #1502 Salem — Photo 1 of 26

16 Franklin Street #1502 Salem — Photo 1 of 26

$1,050,000

16 Franklin Street #1502, Salem, MA 01970

Salem, MA 01970

Investor Analysis

Beds

2

Baths

2

SqFt

1,450

Style

Condominium

Built

2025

Experience luxury living at RIVERWALK in this newly constructed 2+ bedroom, 2-bath residence showcasing sweeping city skyline views. The thoughtfully designed floor plan features dual primary suites, a dedicated home office, soaring ceilings, oversized windows, and exceptional finishes. The designer kitchen offers Bosch stainless steel appliances, custom cabinetry, quartz surfaces, and an open flow to spacious living and dining areas with European Oak hardwood floors. The primary suite features a walk-in closet and spa-inspired bath with heated floors, double vanity, smart bidet, and oversized tiled shower. Residents enjoy heated garage parking, fitness center, Clubroom Lounge, and riverside outdoor gathering spaces. Ideally located near Salem’s dining, shopping, culture, and transportation, RIVERWALK offers sophisticated North Shore living at its finest.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$724/sqft
Local Avg (Salem)$445/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$1,050,000
Annual Taxes--
HOA Fee$723.87

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

Fourth Floor
Living RoomDining RoomKitchenOfficePrimary BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl Fourth Floor
Dining Room
Lvl Fourth Floor
Kitchen
Lvl Fourth Floor
Office
Lvl Fourth Floor
Primary Bedroom
Lvl Fourth Floor
Bedroom 2
Lvl Fourth Floor
Bathroom 1
Lvl Fourth Floor

Bathroom - Full

Bathroom 2
Lvl Fourth Floor

Bathroom - Full

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)

Full Salem, MA market report ZIP 01970 market data
Listing Provided By

Listing Agent: Merry Fox Team

Listing Office: MerryFox Realty

MLS® Number: 73564691

Browse More Homes in Salem

Explore other active listings in the area.