42 Derry St Providence, RI 02908
Smith Hill NeighborhoodEstimated payment $497/month
Highlights
- Wooded Lot
- Shops
- Property near a hospital
- Public Transportation
About This Lot
Looking to build a duplex, triplex, or single-family home in an established and super convenient Providence neighborhood? This prime R-4 zoned lot at 42 Derry Street is the kind of opportunity that doesn't come around often. R-4 zoning allows for up to four residential units, giving you the flexibility to build anything from a single-family to a four-unit multifamily property ideal for investors, developers, or owner-occupants who want to live in one unit and rent out the others. Just a short walk to Providence College and a quick drive to downtown, highways, hospitals, and shopping, the location is hard to beat. Public sewer and water are available right at the street, which makes the process even smoother. The lot will require approvals and a land survey, and buyers are responsible for conducting their own due diligence and obtaining necessary permits. Whether you're planning to build and hold, sell for profit, or create a custom space to call home, this lot checks all the boxes. If you're ready to take the next step, let's talk this one won't last!
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,288
Lot Details
- 2,400 Sq Ft Lot
- Wooded Lot
- Property is zoned r-4, Multi-Family,Residential
Location
- Property near a hospital
Listing and Financial Details
- Tax Lot 255
- Assessor Parcel Number 42DERRYSTPROV
Community Details
Overview
- Smith Hill Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
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 | $1,282 | $87,800 | $87,800 | $0 |
| 2024 | $323 | $17,600 | $17,600 | $0 |
| 2023 | $323 | $17,600 | $17,600 | $0 |
| 2022 | $313 | $17,600 | $17,600 | $0 |
| 2021 | $238 | $9,700 | $9,700 | $0 |
| 2020 | $238 | $9,700 | $9,700 | $0 |
| 2019 | $238 | $9,700 | $9,700 | $0 |
| 2018 | $304 | $9,500 | $9,500 | $0 |
| 2017 | $304 | $9,500 | $9,500 | $0 |
| 2016 | $304 | $9,500 | $9,500 | $0 |
| 2015 | $361 | $10,900 | $10,900 | $0 |
| 2014 | $368 | $10,900 | $10,900 | $0 |
| 2013 | $368 | $10,900 | $10,900 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/09/2026 02/09/26 | Pending | -- | -- | -- |
| 01/06/2026 01/06/26 | Price Changed | $75,000 | 0.0% | -- |
| 01/06/2026 01/06/26 | For Sale | $75,000 | -37.5% | -- |
| 01/01/2026 01/01/26 | Off Market | $120,000 | -- | -- |
| 08/04/2025 08/04/25 | For Sale | $120,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $90,000 | -- | |
| Deed | $93,000 | -- | |
| Warranty Deed | $47,000 | -- | |
| Warranty Deed | $21,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $74,400 | No Value Available | |
| Previous Owner | $58,000 | No Value Available | |
| Previous Owner | $28,250 | No Value Available |
Source: State-Wide MLS
MLS Number: 1391761
APN: PROV-680255-000000-000000
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Ask me questions while you tour the home.