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 Details
Price:
$1,200,000
MLS #:
73540185
Status:
Active
Beds:
3
Baths:
2
Type:
Condo
Subtype:
Condominium
Listed Date:
Jun 23, 2026
Finished Sq Ft:
1,569
Total Sq Ft:
1,569
Year Built:
2025
Schools
Interior
Above Grade Finished Area
1569
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Cooling
Heat Pump
Flooring
Wood, Tile
Heating
Central, Heat Pump, Electric
Interior Features
Elevator
Laundry Features
First Floor, In Unit
Exterior
Accessibility Features
Accessible Entrance
Association Amenities
Elevator(s), Fitness Center, Clubroom
Attached Garage YN
1
Common Walls
Corner
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Highway Access, Public School, T-Station
Construction Materials
Frame
Covered Spaces
1
Exterior Features
Deck
Garage Spaces
1
Parking Features
Attached, Garage Door Opener, Heated Garage, Deeded
Parking Spots
1
Parking Total
1
Patio And Porch Features
Deck
Roof
Rubber
Security Features
Intercom, TV Monitor
Stories
1
Waterfront Features
Waterfront, Ocean, Sound, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Window Features
Insulated Windows
Financial
HOA Fee
$779
HOA Fee Frequency
Monthly
HOA Includes
Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Tax Year
2025
Map
Contact Us
Mortgage Calculator
Community
- Address16 Franklin Street # 2501 Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Property Summary
- 16 Franklin Street # 2501 Salem MA is a Condo for sale in Salem, MA, 01970. It is listed for $1,200,000 and features 3 beds, 2 baths, and has approximately 1,569 square feet of living space, and was originally constructed in 2025. The current price per square foot is $765. The average price per square foot for Condo listings in Salem is $440. The average listing price for Condo in Salem is $577,450. To schedule a showing of MLS#73540185 at 16 Franklin Street # 2501 in Salem, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.
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CRP: Certified Relocation Professional CRS: Certified Residential Specialist GRI: Graduate of Realtors Institute CBR: Certified Buyers Representative BSBA: Bachelor of Science in Business Administration. Babson College 1979 MBA: Master of Business Administration. Babson College 2002 James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…
More About JamesCourtesy of MerryFox Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
16 Franklin Street # 2501
Salem, MA