7 Franklin St, Salem, MA 01970 Property Records

Essex County and Salem City property record for 7 Franklin St, Salem, MA 01970

Property Summary

Property TypeCommercial Building, Warehouse, Showroom
Details8,774 sqft · built 1996
Lot Size0.392 acres (17,097 sqft)
OwnerCompany Name on File
Last Sale$825,000 (Mar 2000)
Tax Bill$24,280 (2026)
Deeds & MortgagesApr 2026 Mortgage
Flood ZoneZone X (moderate risk)
APNSALE M:26 L:0374

Property Details

APN / Parcel Number

Primary APNSALE M:26 L:0374

Interior

Units11 Units
Stories1 Story
Building Area8,774 sqft Total Area

Exterior

Year BuiltBuilt 1996
Effective Year BuiltEffective 1996
Exterior MaterialConcrete Block
Construction TypeSteel Frame
Roof TypeGable
Roof MaterialAsphalt
Lot Area17,097 sqft (0.392 acres)

Utilities, Heating & Cooling

Cooling SystemHVAC
Heating SystemForced Air with A/C
Heating FuelOil

Location & Zoning

Street Address7 FRANKLIN ST
CitySALEM
StateMA
Zip01970-2550
Property CategoryCommercial
Property TypeCommercial > Retail > Commercial Building, Warehouse, Showroom
Local Zoning CodeB1
Legal SubdivisionNORWOOD AVE
Legal Lot Number374
JurisdictionSALEM MA
Township / Civil DivisionSALEM
Census Block Group3
Census Block3009
Census Tract204600

Owner

7 Franklin St, a commercial property, is owned by a company that bought it in March 2000.

Source: Essex County and Salem City records, as of October 20, 2026

Owner of RecordCompany Name on File
Mailing Address16 BROADWAY, BEVERLY, MA 01915-4457
Owner TypeCompany
VestingCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMar 1, 2000 · Amount on File
Deed SaleMar 1, 2000 · Amount on File
Prior SaleOct 21, 1994 · Amount on File
Deed Book / Page16220 / 445
Transfer Doc1096000428
Record UpdatedOct 29, 2026

April 2026: Deed of Trust

Document TypeDeed of Trust
JurisdictionSALEM MA
Recording DateApr 29, 2026
Property Address7 FRANKLIN ST, SALEM, MA 01970-2550
Document Number043355-449
Book / Page43355 / 449
Instrument DateApr 29, 2026
Instrument20262350
Record UpdatedJul 12, 2026

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000002350,
DateApr 29, 2026
Book Page43355/449
Instrument20262350
Lender
NameNORTHEAST COMMUNITY BANK
Agreement
AmountAmount on Record
Interest
Rate6.46%
Max Rate-1%

Tax Assessment & Valuation

The 2026 property tax bill for 7 Franklin St was $24,280, up 2.8% from the year before.

Source: Essex County and Salem City assessment roll, as of April 14, 2026

Property Jurisdictions

TypeName
StateMassachusetts
CountyEssex County
MunicipalitySalem City
Unified School DistrictSalem School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed Value
2026$24,280.00 (+2.83%)$1,109,200 (+6.27%) Land $638,400 Building $455,000
2025$23,611.00 (+4.67%)$1,043,800 (+9.62%) Land $594,600 Building $449,200
2024$22,558.00 (+0.19%)$952,200 (+6.78%) Land $538,300 Building $413,900
2023$22,515.00$891,700 Land $513,200 Building $378,500

Assessed value is set for property tax purposes and is not a market price estimate.

Flood

FEMA maps place 7 Franklin St in Zone X, an area of moderate flood risk, within 100 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective July 10, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
moderate risk
500-Year FloodplainYes
0.2% annual chance
Nearest Special Flood Hazard AreaZone AE, within 100 ft
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies5 in force
Nearby Flood Claims2 (1987–1993)
Claims Outside the SFHA1 of 2
Most Recent ClaimMar 1993 · Blizzards, High Winds & Record Snowfall

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 7 Franklin St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemSALEM WATER DEPARTMENT
serves 44,480 people · EPA ID MA3258000
Water SourcePurchased surface water from SALEM AND BEVERLY WATER SUPPLY BOARD
Last State InspectionDec 2024

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 472 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 2,000

May also be available: AT&T, T-Mobile, Verizon.

Nearby Properties on Franklin St

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