407 Orms St Providence, RI 02908
Smith Hill NeighborhoodEstimated payment $1,615/month
About This Lot
Rare opportunity to own a vacant lot with ADU potential in the heart of Providence, RI perfect for investors, builders, or developers. This property offers endless potential with R3 zoning, allowing the construction of your dream 2- or 3-family home. Survey and site plans are already in hand, saving valuable time and effort as you move forward with your project. Situated in a prime location close to major highways, schools, shopping, and local amenities, this lot combines convenience with strong investment potential. Whether you're looking to build a new income-producing property or design a custom residence, this site provides the flexibility to make it happen. Opportunities like this are rare in Providence don't miss your chance to capitalize on this ready-to-go parcel in one of the city's most accessible and growing areas. A fantastic investment with great long-term value and development possibilities.
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,275
Lot Details
- 4,128 Sq Ft Lot
- Level Lot
- Finished Lot(s)
- Property is zoned Multi-Family
Listing and Financial Details
- Tax Lot 002
- Assessor Parcel Number 407ORMSSTPROV
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,275 | $292,800 | $144,300 | $148,500 |
| 2024 | $3,791 | $206,600 | $68,100 | $138,500 |
| 2023 | $3,791 | $206,600 | $68,100 | $138,500 |
| 2022 | $3,677 | $206,600 | $68,100 | $138,500 |
| 2021 | $3,139 | $127,800 | $33,800 | $94,000 |
| 2020 | $3,139 | $127,800 | $33,800 | $94,000 |
| 2019 | $3,139 | $127,800 | $33,800 | $94,000 |
| 2018 | $3,202 | $100,200 | $36,300 | $63,900 |
| 2017 | $3,202 | $100,200 | $36,300 | $63,900 |
| 2016 | $3,202 | $100,200 | $36,300 | $63,900 |
| 2015 | $3,380 | $102,100 | $47,500 | $54,600 |
| 2014 | $3,446 | $102,100 | $47,500 | $54,600 |
| 2013 | $3,446 | $102,100 | $47,500 | $54,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2025 11/12/25 | Pending | -- | -- | -- |
| 11/05/2025 11/05/25 | For Sale | $240,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Foreclosure Deed | $138,000 | None Available | |
| Foreclosure Deed | $138,000 | None Available | |
| Foreclosure Deed | $138,000 | None Available | |
| Warranty Deed | $79,000 | -- | |
| Warranty Deed | $79,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $140,000 | New Conventional | |
| Closed | $140,000 | Purchase Money Mortgage | |
| Previous Owner | $7,379 | No Value Available | |
| Previous Owner | $189,000 | No Value Available |
Source: State-Wide MLS
MLS Number: 1399573
APN: PROV-670002-000000-000000
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