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8 Orchard Road #B Gloucester — Photo 1 of 33

8 Orchard Road #B Gloucester — Photo 1 of 33

$2,100,000

Investment Analysis — 8 Orchard Road #B

Gloucester, MA 01930 — East Gloucester

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01930 carries an estimated $3,390/mo in gross rent — about a 0.30% cap rate and $6,324/yr in estimated NOI at the $2,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

3,100

Style

Condominium

Built

2023

Beyond New Construction, 8 Orchard Road represents a level of customization rarely available in Gloucester. Nearly $350K in custom enhancements above the developer’s original specification have transformed this East Gloucester residence into an exquisite coastal home designed for comfort, entertaining, and effortless time away. Thoughtful floor plan is ideal for owners seeking a long-term home w/o the obligations of a large estate. A first-flr primary suite provides single-level living w/laundry hookups, while a second-flr primary suite offers privacy for guests & family. Both en-suite baths feature radiant heated flrs. Upstairs, a spacious, vaulted gathering room opens to an extended balcony overlooking the yard & grounds. A wet bar alcove features marble countertops, refrigerator, wine storage, and dishwasher and invites morning coffee, evening cocktails, and adds ease to large gatherings. Yorktowne custom cabinetry brings unmistakable quality & elegance to the kitchen, centered around an oversized island w/seating for six. Bosch induction cooking, Kohler Professional Chef Edition faucet, tailored cabinet storage, mixer lift, and networked appliances combine refined design with everyday functionality. The dining area features a custom blown-glass chandelier and nine-foot built-in buffet, while the sitting room is grounded by a striking marble fireplace-surround quarried from Vermont. Loving attention has been given to the exterior landscape as a continuation of the home's comfort, utility and luxury. Extensive hardscape, Corten steel privacy planters, perennial & shrub plantings, a propane fire-pit, and NewAge outdoor kitchen w/grill, sink, year-round storage and seating allow outdoor entertaining to be enjoyable, even for the host. EPE wood shower and changing cabana make beach days & cycling adventures a breeze. Integrated technology adds ease & confidence for owners who travel. Lutron automation controls 63 lighting & shade devices, complemented by whole-house water filtration, Moen water monitoring, remotely accessible irrigation, smart NEST thermostats, and networked appliances. Situated near Gloucester’s beaches, harbor, Rocky Neck Artists' community, and East Gloucester’s dining & galleries, 8 Orchard Road offers a rare combination of architectural distinction, extensive customization, sophisticated technology, and generous outdoor living. This a turnkey coastal home designed for owners who want to arrive, settle in, and simply enjoy. 1st OH 9/12

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.

Open Houses

Property Details

Financials

Original Price$2,100,000
Annual Taxes$15,593.32
HOA Fee$750

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms6
Fireplaces2
FlooringWood, Tile, Marble, Hardwood
BasementN

Climate & Utilities

HeatingCentral, Forced Air
CoolingCentral Air, Unit Control
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofShingle
Foundation--
ZoningRES

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Water Treatment • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range Hood • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Marina • Other

Geography

Floorplan Breakdown

Structural Layout

Second
Family RoomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining Room
Main,First
KitchenPrimary BedroomBathroom 1
Living Room
Lvl First

17 x 16

Flooring - Hardwood, Open Floorplan

Dining Room
Lvl First

17 x 10

Flooring - Hardwood

Kitchen
Lvl Main,First

21 x 16

Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Open Floorplan, Stainless Steel Appliances, Pot Filler Faucet, Gas Stove, Lighting - Pendant

Family Room
Lvl Second

22 x 21

Cathedral Ceiling(s), Flooring - Hardwood, Balcony / Deck, Wet Bar, Attic Access, Open Floorplan

Primary Bedroom
Lvl Main,First

14 x 12

Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Hardwood, Deck - Exterior, Exterior Access, Recessed Lighting, Closet - Double

Bedroom 2
Lvl Second

17 x 12

Bedroom 3
Lvl Second

14 x 12

Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead

Bedroom 4
Lvl Second

13 x 11

Closet/Cabinets - Custom Built, Flooring - Hardwood

Bathroom 1
Lvl Main,First

10 x 8

Bathroom - Full, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

14 x 12

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity

Bathroom 3
Lvl Second

13 x 11

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Countertops - Stone/Granite/Solid, Double Vanity

Listing Provided By

Listing Agent: Bode Well Team

Listing Office: Compass

MLS® Number: 73570897