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41 Otis Street, Danvers MA 01923

$1,099,900

Estimated $7,544/month Calculator

Single Family

2 Bedrooms

Baths

1629

Total Parking: 4 (1 Garage)

28,662 (0.66)

Built in 1955

Your next project awaits with this amazing redevelopment opportunity! This unique property carries two buildable lots with proper frontage - Lot A: 34 Pine St, which is 16,321 sq ft and Lot B:41 Otis St, which is 12,343 sq ft - on the same deed. A plot plan is attached in the listing photos. With proper town review and approvals, along with a proposed dimensional variance there are many potential redevelopment options (up to 3-4 units) for the savvy investor. By right for development purposes, re-deeding the lots into 2 separate deeds will allow the front lot (41 Otis) a single family and ADU, and the rear lot (34 Pine a SF/duplex and ADU. A shared driveway from Otis St (by variance) is likely the best option for access to both future developments. The current owner has also reached out to the town planning director about removing part of the barrier on Pine St, if there's to be a curb cut on 34 Pine (rear lot). Whether lots are re-deeded into separate lot or left as one large lot, there are endless possibilities for this corner lot. Potential buyers may even want to live in the front home while creating their dream home on the rear lot! The home on the front lot is an airy 2BR/2BA Ranch, located in the heart of a well-established neighborhood, with proximity to all Danvers has to offer! A multitude of shops & restaurants are easily accessible, along with highways, North Shore Mall, and several schools right there. After admiring the expansive outdoor space - step inside and feel solid hardwood on your feet. Enormous living room leads to dining room and kitchen. Down the hall is a full bathroom and the primary bedroom. Head downstairs for another bedrooms, a second kitchen, full bathroom, family room and an office. Laundry room walks out to yard. Detached 1 car garage with storage. Great redevelopment and ADU potential, with proper town approvals! Buyers and agents should conduct proper due diligence to verify all info herein.

This home has been viewed 2 times

Last Checked: September 20th, 2026 at 6:33pm (Source: MLS PIN #73578410)

Garage Parking

Air Conditioning

Waterview

Lead Paint Free

General Information for 41 Otis Street, Danvers MA 01923

Listing ID73578410

Property TypeSingle Family / Detached

Price$1,099,900 ($675.2/SqFt)

StyleColonial

CityDanvers

CountyEssex

Neighborhood(s)Ipswich

Garage Parking1

ZoningR1

Year Built1955

Year Built SourcePublic Records

Year Built DetailsActual

Interior Features for 41 Otis Street, Danvers MA 01923

Approximate Living Area Total1629

Living Area Includes BasementYes

Rooms9

Bedrooms2

Primary En Suite BathroomYes

BasementFull

Cooling1, Split

Fireplaces

AppliancesRange

FlooringTile

Electric220 Volts

Exterior Features for 41 Otis Street, Danvers MA 01923

Approximate Lot Size (Acres)0.66

Approximate Lot Size (Square Feet)28662

Total Parking4 (1 Garage)

Garage Parking1

WaterPublic

SewerPublic Sewer

Lot FeaturesGentle Sloping

Parking Features1

Exterior FeaturesPorch

Foundation Area754

Foundation Materials

Construction MaterialsFrame

Road Frontage Type

Patio & Porch

Roof MaterialAsphalt/fiberglass Shingles

Utility Connections110 Volts

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Pool Features

Horse Permitted0

Horse Amenities

Disclosures for 41 Otis Street, Danvers MA 01923

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceMeasured

Special Listing Conditions

ExclusionsWasher & Dryer Are Negotiable

Compensation Based On

Financial Information for 41 Otis Street, Danvers MA 01923

Association Fee

Association Fee Frequency

Association Fee Includes

Real Estate Tax9200

Tax Year2025

Assessed Value$837,100

Location Information for 41 Otis Street, Danvers MA 01923

Elementary SchoolGreat Oak

Middle SchoolHolten Richmond

High SchoolDanvers High School

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 41 Otis Street, Danvers MA 01923

Agent

Name: Luciano Leone Team

Office

Name: RE/MAX 360

Phone: 978-535-3122

Team Members

Payment Calculator

, Interest

Property Taxes 766.67

Principal & Interest 6777.23

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX 360

Luciano Leone Team

Agent Phone

Office Phone

(978) 535-3122

Text Agent Call Agent Call Office

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EXIT

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