Active Under Contract
9 Days on market
16 Franklin Street #2401 Salem — Photo 1 of 28

16 Franklin Street #2401 Salem — Photo 1 of 28

$1,100,000

16 Franklin Street #2401, Salem, MA 01970

Salem, MA 01970

Beds

3

Baths

2

SqFt

1,567

Style

Condominium

Built

2025

Experience single-level waterfront living at RIVERWALK, where sophisticated design, effortless convenience, and breathtaking views come together. Ideally located just minutes from the commuter rail to Boston and Salem’s celebrated restaurants, shops, waterfront, and historic downtown, this beautifully appointed three-bedroom, two-bath residence offers refined single-level living in a serene setting. An open, light-filled floor plan is enhanced by soaring ceilings, oversized windows, European oak hardwood floors, and sweeping river and city skyline views. The stunning chef’s kitchen features Bosch appliances, custom cabinetry, quartz countertops, and a seamless connection to the spacious living and dining areas. The private primary suite is a luxurious retreat with a walk-in closet and spa-inspired bath featuring radiant heated floors, dual vanity, glass-enclosed shower, and smart bidet. RIVERWALK residents enjoy exceptional amenities including heated indoor garage parking, elevator, Clubroom Lounge, state-of-the-art fitness center, and beautifully landscaped riverside outdoor kitchen and patio. A rare opportunity to enjoy turnkey luxury, spectacular views, and the best of Salem—all in one exceptional address.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$702/sqft
Local Avg (Salem)$488/sqft
44% AboveMarket Average

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

Property Details

Financials

Original Price$1,100,000
Annual Taxes--
HOA Fee$783

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

Second
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl Second
Dining Room
Lvl Second
Kitchen
Lvl Second
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl Second

Bathroom - Full

Bathroom 2
Lvl Second

Bathroom - Full

Property History

Listed
$1,100,000

Aug 31, 2026

MLS® 73570035

Terminated
$1,100,000

Aug 17, 2026

MLS® 73516111

Listed
$1,100,000

May 11, 2026

MLS® 73516111

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

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Merry Fox Team

Listing Office: MerryFox Realty

MLS® Number: 73570035

Browse More Homes in Salem

Explore other active listings in the area.