Home& Property Details
16 Franklin Street is a Apartment condominium built in 2024 located in Salem, Essex County, MA. The home has 5,459 square feet of living area on a 2.49-acre lot.
Flood Zone & Natural Hazard Assessment
16 Franklin Street is in FEMA flood zone AE. This is a Special Flood Hazard Area (SFHA) where flood insurance is typically required for federally backed mortgages. The property falls within a Category 1 hurricane storm surge inundation zone based on NOAA SLOSH modeling. This property is at risk of inundation under a 1-foot sea level rise scenario. The FEMA National Risk Index composite rating for this area is Relatively Moderate. The ASCE 7-22 design wind speed for this location is 123 mph. The ground snow load is 50 psf. The EPA radon zone is 1 (highest potential).
Fire Protection
NE Provenance rates the fire protection for 16 Franklin Street at Grade A (Excellent fire protection access). The nearest fire station, SALEM FIRE DEPARTMENT, is 0.3 miles away. This grade reflects fire station proximity, department capabilities, hydrant coverage, and municipal water infrastructure. Properties with Grade A or B typically receive favorable insurance rates due to strong fire protection infrastructure.
Building Permits & Property History
Municipal records show 42 building permits on file for 16 Franklin Street. The most recent permit was filed October 28, 2025. In the past five years, 29 permits have been issued. The current municipal assessment is $1,576,200, with $1,489,300 attributed to land and $86,900 to improvements. The property last sold on December 4, 2025 for $1,225,000. The deed history includes 27 recorded conveyances.
Environmental & Land Use
16 Franklin Street is classified as a waterfront property. State environmental records indicate a contamination site (21E) on or associated with this parcel.
SalemNeighborhood & Community
16 Franklin Street is located in Salem, Essex County, MA. The property is zoned NRCC (North River Canal Corridor). The median home value in this census tract is $528,400. Median household income is $35,316. The owner-occupancy rate in the surrounding area is 69%. The property is served by the Salem school district.
Full Property Intelligence Report
The complete NE Provenance report for 16 Franklin Street, Salem, MA includes over 430 data attributes sourced from 140+ public and proprietary datasets. The full report covers building construction and materials, NEP Condition Estimate derived from permit history, system ages for roof, electrical, plumbing, and HVAC, complete ownership and deed chain with transaction classification, FEMA flood and coastal hazard analysis, environmental contamination screening, and neighborhood demographics. Available as a professional property wallet, PDF report, or structured data export.
16 Franklin Street