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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.

More Info

Basic Information

  • Bedrooms2
  • Mls StatusNew
  • Bathroom2
  • Lot Features Corner Lot, Additional Land Avail., Level
  • Parcel Number 1877630
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $837,100
  • Tax Year 2025
  • Taxes$9,200

School Information

  • High School Danvers High School
  • Elementary SchoolGreat Oak
  • Junior HighHolten Richmond

Parking

  • Parking Spaces3
  • Covered Spaces 1
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features
    • Detached
    • Garage Door Opener
    • Off Street
    • Paved
    • Paved Drive
    • Storage
    • Workshop in Garage

Rooms

  • Bathroom 1 Main, First,5 x 7
  • Bathroom 2 Basement,4 x 8
  • Bathrooms Total Decimal 2
  • Bedroom 2 Basement,13 x 15
  • Dining Room Main, First,9 x 10
  • Family Room Basement,13 x 15
  • Full Bath2
  • Kitchen First,11 x 12
  • Living Room Main, First,13 x 21
  • Main Level Bathrooms 1
  • Main Level Bedrooms 1
  • Master Bedroom Main, First,11
  • Office Basement,10 x 12

Basic Information

  • List Price$1,099,900
  • MLS Number73578410
  • Modification Date09/16/2026
  • Property SubTypeSingle Family Residence

Location

  • Address41 Otis Street
  • Building Number41
  • CountyEssex
  • StateMA
  • StreetOtis Street
  • TownDanvers
  • Zip01923

Building

  • BasementFull, Finished, Walk-Out Access, Interior Entry, Sump Pump
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationBlock
  • Foundation Area 754
  • Garage Spaces1
  • Property StyleRanch
  • Rooms9
  • Utilities For Gas Oven, For Electric Dryer, Washer Hookup
  • Year Built1955
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.66

Interior

  • Flooring Tile, Vinyl, Hardwood, Flooring - Vinyl, Flooring - Stone/Ceramic Tile
  • Interior Features Lighting - Overhead, Office, Kitchen

Exterior

  • Exterior Features Rain Gutters, Storage, Sprinkler System
  • Fencing Fenced/Enclosed
  • RoofShingle

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric Circuit Breakers
  • Heat SystemYes
  • Heating Baseboard, Hot Water, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Square Feet1,629
  • Building Area Source Measured
  • Living Area 1,629
  • Lot Size Square Feet 28,662
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Shopping
    • Sidewalks
    • Tennis Court(s)
    • Walk/Jog Trails
  • Appliances IncludedWater Heater, Range, Disposal, Refrigerator, Gas Cooktop

Other

  • Date Listed09/16/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Luciano Leone Team of RE/MAX 360

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