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8 Orne Sq #8 Salem — Photo 1 of 42

8 Orne Sq #8 Salem — Photo 1 of 42

$910,000

Investment Analysis — 8 Orne Sq #8

Salem, MA 01970 — McIntire Historic District

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01970 carries an estimated $3,390/mo in gross rent — about a 2.70% cap rate and $24,548/yr in estimated NOI at the $910,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

1,835

Style

Single Family

Built

1916

Built in the early 1900s, Orne Square reflects the ideals of the Garden City Movement—communities designed to offer the best of city and country living, combining easy access to in-town amenities with green space, gardens, and a genuine sense of place. Part of a 17 unit association, number 8 occupies the sunny side of the street, with its rear garden overlooking a large private yard that creates a remarkable feeling of privacy and quiet that is rare in an in-town setting. The current owner has invested more than $400,000 thoughtfully reimagining the house for modern living while preserving its classic character. Virtually every surface has been touched: the house was completely rewired, air conditioning added to all three floors, a new kitchen and second-floor bath created, and the third floor transformed into a sun-filled private primary suite. At the heart of the house, the kitchen and dining room open to the garden via large windows and French doors, flooding the space with natural light. Morning coffee at the kitchen window comes with views of the birds and wildlife just beyond. The garden is equally special with its raised beds, planted with native flora, giving it the intimate, sheltered feeling of a sunken outdoor living room. In late May, the pear tree opens into bloom, and with the slightest breeze its petals drift through the garden like snow. Summer brings neighborhood gatherings at Elbow Park and the friendly sense of community for which Orne Square is so loved.

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: 900 sq ft (the lesser of 900 sq ft or half the 1,835 sq ft principal dwelling). Lot size: 1 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.

Open Houses

Property Details

Financials

Original Price$910,000
Annual Taxes$6,369

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Tile
BasementNone

Climate & Utilities

HeatingForced Air
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBlock
RoofSlate
FoundationStone
ZoningR2

Property & Lot

Acres--
SqFt Lot0.52
Lot FeaturesLevel

Geography

Property History

Listed
$910,000

Sep 15, 2026

MLS® 73577557

Listed
$910,000

Sep 15, 2026

MLS® 73577538

Listing Provided By

Listing Agent: Michael Selbst

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73577557