5 Ord Street Ct Salem — Photo 1 of 30
$579,900
Investment Analysis — 5 Ord Street Ct
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 3.81% cap rate and $22,112/yr in estimated NOI at the $579,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,049
Style
Single Family
Built
1890
Welcome to this beautifully maintained 3-bedroom, 2-bath single-family home ideally situated in Salem, right on the Peabody line and just minutes from all that the North Shore has to offer. The home features an updated kitchen as well as an updated heating system and central AC, offering both comfort and peace of mind for its next owner. The spacious layout provides three well-appointed bedrooms, two full bathrooms, and plenty of room for everyday living and entertaining. Enjoy the charm and amenities of historic Salem while being just moments from Peabody, recently recognized as the #1 hottest housing market in the country. With convenient access to shopping, dining, major highways, and everything the surrounding area has to offer, this home is a fantastic opportunity in one of the North Shore’s most desirable locations.
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: 525 sq ft (the lesser of 900 sq ft or half the 1,049 sq ft principal dwelling). Lot size: 3,241 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
Gas Water Heater
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Listing Agent: Kevin Mcmath
Listing Office: J. Barrett & Company
MLS® Number: 73561811