41 Otis Street

Taxes: $9,200 (2025)

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

Sewer

Private

Style

Half-Duplex

Water

City/Town Water

Cooling

Window AC

Heating

Electric Baseboard, Central Heat, Hot Air Gravity

Type

Detached

Flooring

Tile, Vinyl, Hardwood

Road type

Public, Paved, Publicly Maint., Sidewalk

Appliances

Range, Disposal, Refrigerator

Construction

Aluminum

Roof

Aluminum

Garage

Detached, Garage Door Opener, Storage, Work Area

Lot

Corner, Paved Drive, Additional Land Avail., Fenced/Enclosed, Level

Parking

1-10 Spaces, Paved Driveway

Basement

Full, Finished, Walk Out, Interior Access, Sump Pump, Exterior Access

Electric

Circuit Breakers

Exterior

Gutters, Storage Shed, Sprinkler System