For sale

$1,200,000

16 Franklin St #2501, Salem, MA 01970

3beds

1,569sqft

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Condominium

Built in 2025

-- sqft lot

$-- Zestimate^®

$765/sqft

$776/mo HOA

What's special

Glass showerRadiant heated floorsSpa-like bathElegant quartz surfacesBeautifully landscaped riverside patioPerched atop riverwalkPrivate primary suite

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.

9 days

148

5

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: First

Bedroom 2

Level: First

Bedroom 3

Level: First

Primary bathroom

Features: Yes

Bathroom 1

Features: Bathroom - Full
Level: First

Bathroom 2

Features: Bathroom - Full
Level: First

Dining room

Level: First

Kitchen

Level: First

Living room

Level: First

Heating

Central, Heat Pump, Electric

Cooling

Heat Pump

Appliances

Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Laundry: First Floor, In Unit

Features

Elevator
Flooring: Wood, Tile
Windows: Insulated Windows
Has basement: No
Has fireplace: No
Common walls with other units/homes: Corner

Interior area

Total structure area: 1,569
Total interior livable area: 1,569 sqft
Finished area above ground: 1,569

Property

Parking

Total spaces: 1
Parking features: Attached, Garage Door Opener, Heated Garage, Deeded
Attached garage spaces: 1

Accessibility

Accessibility features: Accessible Entrance

Features

Entry location: Unit Placement(Upper)
Patio & porch: Deck
Exterior features: Deck
Has view: Yes
View description: Water, Ocean, Sound
Has water view: Yes
Water view: Ocean,Sound,Water
Waterfront features: Waterfront, Ocean, Sound, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)

Details

Parcel number: 2132543
Zoning: NRCC
Other equipment: Intercom

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Frame
Roof: Rubber

Condition

Year built: 2025

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Highway Access, Public School, T-Station
Security: Intercom, TV Monitor

HOA

Amenities included: Elevator(s), Fitness Center, Clubroom
Services included: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA fee: $776 monthly

Location

Region: Salem

Financial & listing details

Price per square foot: $765/sqft
Date on market: 6/23/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/23/2026	Listed for sale	$1,200,000$765/sqft
Source: MLS PIN #73540185 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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