Skip to content
Bean Group
← Back to search
Offered at $1,000,000Active
beds
3
baths
2
sq ft
1,506
Built
2025

16 Franklin Street #1503

Salem, MA 01970

About this home

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.

Listing last checked: Listing updated:

Listed by Merry Fox Team · MerryFox Realty · MLS #73564692

Request property information

Select a document to start a request. You can add others in the form. Availability varies.

Details at a glance

Interior5 property facts
Rooms
6
Heating
Central, Heat Pump, Electric
Cooling
Heat Pump
Flooring
Wood, Tile
Basement
No
Building5 property facts
Style
Condominium
Year built
2025
Garage
1
Parking
1
Roof
Rubber
Land & utilities5 property facts
Water
Public
Sewer
Public Sewer
Waterfront
Y
Pool
Not reported
Zoning
NRCC
Financial2 property facts
Assessment year
2025
HOA fee
$746 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $1,000,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,057 / monthAdjust
Principal & interest
$5,057
Property tax
Not entered
Insurance
Not entered
HOA
Not entered

Annual property taxes were not supplied. Listing HOA fee: $746. The billing period was not supplied; confirm the monthly amount before adding it.

Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $1,015,152

Estimated range $955,510–$1,074,793.

Automated estimates are not appraisals or guarantees of market value.

Request a professional market analysis
Comparable properties 3 supplied

Sold Jul 6, 2026

$1,000,000

16 Franklin Street #2201

Sold Jul 24, 2026

$1,025,000

24 Spring Hill Terrace #C

Sold Jul 24, 2026

$1,000,000

10-14 Sydney St #8

Photo-based condition insights

Overall presentation: excellent

Explore more of Salem

Continue your search in Salem.

Need help making sense of this home?

About 16 Franklin Street #1503

Can I request a private showing?

Request a tour of 16 Franklin Street #1503 and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.