
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First15 x 10
Flooring - Wall to Wall Carpet
Dining Room
Lvl Main,First12 x 12
Ceiling Fan(s), Flooring - Hardwood
Kitchen
Lvl Main,First12 x 11
Flooring - Vinyl, Dining Area, Pantry, Countertops - Upgraded, Gas Stove
Primary Bedroom
Lvl Second12 x 10
Closet, Flooring - Laminate
Bedroom 2
Lvl Second11 x 10
Bedroom 3
Lvl Second11 x 11
Closet, Flooring - Vinyl, Flooring - Wood
Bathroom 1
Lvl Second6 x 8
Bathroom - Full, Closet - Linen, Flooring - Laminate
Bathroom 2
Lvl First3 x 3
Bathroom - Half, Flooring - Vinyl
Listing Agent: Paul Dipietro
Listing Office: RE/MAX Beacon
MLS® Number: 73584546








