
16 Franklin Street #2302 Salem — Photo 1 of 42
Beds
2
Baths
2
SqFt
1,455
Style
Condominium
Built
2025
This exceptional residence (Unit 2302) just became available, offering the very best direct water views on the market at RIVERWALK. Situated closest to the waterfront, Unit 2302 offers superior views from every room, while a private balcony captures sweeping river and city vistas. The bright open-concept layout, soaring ceilings, and south-facing oversized windows are sure to impress the most discerning buyers. This newer-construction (2025) residence offers two primary suites, two full baths, and a separate home office. The chef’s kitchen features a beautiful center island clad in stone, Bosch stainless steel appliances, including a state-of-the-art induction range, custom cabinetry, stone countertops, and a matching stone backsplash. The primary suite features a walk-in closet and spa-like bath with heated floors, heated towel rack, double vanity, seamless glass shower, and smart bidet. Unit 2302 also comes with two deeded parking spaces, including one heated garage space, plus a private storage room—valuable upgrades purchased separately by the current owner. Elevator service adds convenience, while common amenities include a clubroom lounge and fitness center, both currently under construction, plus a riverside outdoor kitchen and patio area. Leave your car at home—downtown Salem’s restaurants, shops, museums, and commuter rail to Boston are all just minutes away. This is a must-see residence at Salem’s premier waterfront condominium community. Easy to show!
Key facts
It was listed on October 3, 2026. The annual property taxes are $10,947 (2026 tax year). The condo fee is $724 per month, which includes water.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,ThirdFlooring - Wood, Deck - Exterior, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Slider, Lighting - Overhead, Decorative Molding
Dining Room
Lvl Main,ThirdFlooring - Wood, Open Floorplan, Lighting - Overhead
Kitchen
Lvl Main,ThirdFlooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant, Decorative Molding
Office
Lvl MainFlooring - Wood, Lighting - Overhead
Primary Bedroom
Lvl Main,ThirdBathroom - Full, Walk-In Closet(s), Flooring - Wood, Recessed Lighting, Crown Molding
Bedroom 2
Lvl Main,ThirdBathroom 1
Lvl Main,ThirdBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting
Bathroom 2
Lvl Main,ThirdBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting
Property History
$1,199,000
Oct 3, 2026
MLS® 73586241
$1,200,000
Aug 24, 2026
MLS® 73540184
$1,200,000
Jun 23, 2026
MLS® 73540184
Questions about this home
When was 16 Franklin Street #2302, Salem listed?
16 Franklin Street #2302, Salem was listed on October 3, 2026.
Has the price of 16 Franklin Street #2302, Salem changed?
The price hasn't changed since it was listed at $1,199,000.
What are the property taxes for 16 Franklin Street #2302, Salem?
The annual property taxes for 16 Franklin Street #2302, Salem are $10,947 (2026 tax year).
What is the condo fee at 16 Franklin Street #2302, Salem?
The condo fee is $724 per month, which includes water.
What is the status of 16 Franklin Street #2302, Salem?
16 Franklin Street #2302, Salem is actively listed for sale.
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
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Mark M. Wade
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73586241








