Sold Jul 7, 2026$1,300,000
Active
16 Franklin Street #2501
Salem, MA 01970
$1,200,000
3Bedrooms
2Bathrooms
1,569Square feet
2025Year built
Residential · Active · MLS #73540185
Listing Courtesy of MerryFox Realty | Merry Fox Team
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MLS PIN data
About this home
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.
Property information
Details at a glance
Interior
- Rooms
- 6
- Heating
- Central, Heat Pump, Electric
- Cooling
- Heat Pump
- Flooring
- Wood, Tile
Building
- Style
- Condominium
- Year built
- 2025
- Garage
- 1
- Parking
- 1
- Roof
- Rubber
Land & utilities
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
- Zoning
- NRCC
Financial
- Assessment year
- 2025
- HOA fee
- 776
Listing history
Price and status timeline
No additional public listing history was supplied for this property.
Property value estimate
An informed starting point
Automated estimates are not appraisals or guarantees of market value.
Comparable sales
Recent properties for context
Sold Aug 4, 2026$1,250,000
120 Brookside Ave #301
Photo insights
Condition signals
Overall presentationexcellent
Generated from listing photography; not a substitute for an inspection.
Local market context
How this home compares in Salem
MetricThis propertySalem
List price$1,200,000$569,900111% above local
Price / sq ft$765$44173% above local
Days on market43187% below local
Active city listing statistics from MLS PIN as of September 6, 2026. Asking prices are not completed-sale values.
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Common questions
About 16 Franklin Street #2501
Can I schedule a private showing?
Yes. Request a tour of 16 Franklin Street #2501 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?
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