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Residential at 41 Otis Street, Danvers MA 01923, Danvers
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42 photos

$1,099,900

41 Otis Street, Danvers MA 01923
Danvers, MA 01923
Listed by Luciano Leone Team
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

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.

Property details

MLS #
73578426
Property type
Residential
Subdivision
N/A
Status
Active
Days on market
8
On market date
September 16, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.66 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Great Oak
0.1 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
321
Student:teacher ratio
13.4:1
District
Danvers
Middle
Holten Richmond Middle School
1.08 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
770
Student:teacher ratio
10.8:1
District
Danvers
High
Danvers High
1.33 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
807
Student:teacher ratio
10.8:1
District
Danvers

Walkability

Blended score for Danvers's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

88
Highly walkable
out of 100
EPA National Walkability Index
16.0 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks10
Schools12
Transit stops6
Pharmacies4

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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/mo
Est. monthly payment
$6,774/mo
$219,980 down
$879,920 loan
Principal & interest$5,707
Property tax (est.)$917
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 4 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.