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41 Otis Street, Danvers MA 01923

$1,099,900

Estimated $7,544/month Calculator

Land

Residential

28,662 (0.66)

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 4 times

Last Checked: September 20th, 2026 at 4:48pm (Source: MLS PIN #73578426)

General Information for 41 Otis Street, Danvers MA 01923

Listing ID73578426

Price1099900

Land TypeResidential

Approx AcresApprox. 0.66 acres (28,662 SqFt)

Number of Lots

Road Frontage Type

ZoningR1

Electric220 Volts

GasOn-Site

WaterPublic

SewerPublic Sewer

PERC Test

Association Required

Association Fee

Lot FeaturesGentle Sloping

Waterfront0

Waterfront Features

View

Disclosures for 41 Otis Street, Danvers MA 01923

Special Listing Conditions

Financial Information for 41 Otis Street, Danvers MA 01923

Association Fee

Tax9200

Tax Year2025

Assessed Value$837,100

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

39 More Photos