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8 Ord St Salem — Photo 1 of 41

8 Ord St Salem — Photo 1 of 41

$499,000

Investment Analysis — 8 Ord St

Salem, MA 01970

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01970 carries an estimated $3,080/mo in gross rent — about a 4.50% cap rate and $22,465/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,178

Style

Single Family

Built

1900

Opportunity is knocking, and this one comes with plenty to work with! 8 Ord St. in Salem is a 3-bedroom, 1.5-bath home with a traditional layout, some distinctive original details and the kind of flexibility that gives a new owner plenty of room to make it their own. The enclosed front porch is a fitting introduction to a home where the spaces are comfortably defined and ready for a fresh perspective. The living room occupies the front of the home, while the kitchen extends into a separate pantry and prep area with the kitchen cabinetry, sink and dishwasher. Some of the cabinetry has been updated, adding function and useful storage to the space. Continue through and the dining room delivers one of the home’s most appealing details, with hardwood flooring and built-in cabinetry that brings character and function together. Upstairs, three bedrooms and a full bath complete the second floor. The bath features a newer laminate floor and tub surround, while the straightforward layout throughout the home provides a solid starting point for whatever changes the next owner may envision. Outside, the gently sloped, fenced yard is framed by established shrubs and flowering plantings, giving the property a welcoming backdrop and room to garden, gather or simply enjoy the outdoors. Andersen insulated windows were installed in 2017, and the exterior was painted approximately two years ago. For buyers looking for a place they can truly make their own, this home offers the chance to create something special over time. Bring your ideas, imagine the possibilities and make this home distinctly yours! This is an estate sale, and the property is being sold in as-is condition, except for a new roof to be installed prior to closing. No representations are being made by Seller and/or listing agent. Some photos virtually staged, as labeled. Open Houses Fri.,10/2 5-6:30PM and Sat., 10/3 12-1:30PM.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 589 sq ft (the lesser of 900 sq ft or half the 1,178 sq ft principal dwelling). Lot size: 1,960 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$499,000
Annual Taxes$5,625

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Vinyl, Carpet, Laminate, Hardwood
BasementFull, Concrete, Unfinished

Climate & Utilities

HeatingHot Water, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR1

Property & Lot

Acres0.04
SqFt Lot1,960
Lot FeaturesGentle Sloping

Amenities & Appliances

Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Bathroom 2
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

15 x 10

Flooring - Wall to Wall Carpet

Dining Room
Lvl Main,First

12 x 12

Ceiling Fan(s), Flooring - Hardwood

Kitchen
Lvl Main,First

12 x 11

Flooring - Vinyl, Dining Area, Pantry, Countertops - Upgraded, Gas Stove

Primary Bedroom
Lvl Second

12 x 10

Closet, Flooring - Laminate

Bedroom 2
Lvl Second

11 x 10

Bedroom 3
Lvl Second

11 x 11

Closet, Flooring - Vinyl, Flooring - Wood

Bathroom 1
Lvl Second

6 x 8

Bathroom - Full, Closet - Linen, Flooring - Laminate

Bathroom 2
Lvl First

3 x 3

Bathroom - Half, Flooring - Vinyl

Listing Provided By

Listing Agent: Paul Dipietro

Listing Office: RE/MAX Beacon

MLS® Number: 73584546