Condominium at 16 Franklin Street # 1303, Salem MA 01970
Condominium at 16 Franklin Street # 1303, Salem MA 01970, photo 2 of 31
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31 photos

$899,900

16 Franklin Street # 1303, Salem MA 01970
Salem, MA 01970
Listed by Merry Fox Team
Bedrooms
3
Bathrooms
2
Living area
1,523 sqft
Year built
2025

About this home

Escape to your own private oasis only a stone's throw from the action of historic downtown Salem and the train to Boston. The luxury boutique condominiums at RIVERWALK SALEM offer the best in modern single-level living on the North Shore. RIVERWALK amenities include indoor heated parking, elevator, Clubroom Lounge, state-of-the-art fitness center, and Riverside Outdoor Kitchen/Patio. This spacious new three-bedroom, two-bath condo features oversized windows, high ceilings, top-of-the-line finishes, a signature designer aesthetic, and private balcony. The large Chef's kitchen boasts stainless Bosch appliances, custom cabinetry, and quartz countertops and backsplash and opens into the spacious living and dining room with European hardwood floors throughout. Relax in the primary suite with walk-in closet, smart bidet, seamless tiled shower, double vanity and heated flooring. Open houses are for model units (2401 & 2403) 1303 can be shown by appointment as is active construction site.

Highlights

Waterfront

Property details

MLS
MLS Property Information Network
MLS #
73467801
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
285
On market date
January 13, 2026
Stories
1
Total bathrooms
2
Garage spaces
1
Parking spaces
1
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Carlton
0.53 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
236
Student:teacher ratio
10.7:1
District
Salem
Middle
Collins Middle
0.9 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
633
Student:teacher ratio
11.1:1
District
Salem
High
Salem Prep High School
0.36 mi away · Grades 8-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
17
Student:teacher ratio
4.3:1
District
Salem

Walkability

Blended score for Salem's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores4
Parks20
Schools11
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in Salem, from live MLS data.

On the market 285 days -- 180 more days than Salem's current average of 105 days.
For reference, the median list price across 400 active listings in Salem right now is $434,450.

Mortgage calculator

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Est. monthly payment
$5,569/mo
$179,980 down
$719,920 loan
Principal & interest$4,669
Property tax (est.)$750
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 18, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.