2,400 / 0.06
Lot Size / Acres

Description

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...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!
  1. Listed by Deborah Houghton • Brokerage DRE #REB.0014356 • RE/MAX Preferred
    P: (401)-636-2374 DebH.Realtor@gmail.com

Property Details for 42 Derry Street

Subdivision Name
Smith Hill
LISTING UPDATED: 02/09/2026 10:23 AM

Property Details for 42 Derry Street

StatusPending
MLS #1391761
Days on Market184
Taxes$1,288 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.06 AC
CountyProvidence County

Location

Listing Courtesy of RE/MAX Preferred
Add your commute

Building Information for 42 Derry Street

Lot Size0.06 AC

Payment Calculator

$473 per month

30 year fixed, 6.15% Interest

Principal and Interest

$366

Property Taxes

$107

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 42 Derry Street

Summary
Location and General Information
  • City: Providence
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping
  • Postal City: Providence
  • Postal Code: 02908
  • Postal Code Plus4: 3222
  • State Or Province: RI
  • Zoning: r-4
  • Zoning Description: Multi-Family,Residential
  • Human Modified Y N: Yes
Taxes and HOA Information
  • Tax Annual Amount: $1,288.00
  • Tax Assessed Value: 17600
  • Tax Lot: 255
  • Tax Map Number: 68
  • Tax Year: 2025
Property
Lot Information
  • Frontage Length: 30
  • Lot Features: Wooded
  • Lot Size Acres: 0.0551
  • Lot Size Area: 2400.0
  • Lot Size Square Feet: 2400.0
  • Lot Size Units: Square Feet
  • Parcel Number: 42DERRYSTPROV
  • Possible Use: Multi Family, Single Family
  • Stories Total: 0
  • Vegetation: Wooded
Property and Assessments
  • Business Type: Residential
  • Development Status: Raw Land
  • New Construction Y N: No
  • Property Type: Land
  • Senior Community Y N: No
  • C L I P: 2,966,119,854
Utilities
  • Utilities: None, Water Available
Interior and Exterior Features
Interior Features
  • Bathrooms Total Integer: 0
  • Wooded Area: 50.0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 42 Derry Street

DateEvent & SourcePriceAppreciation
Feb 9, 2026

Contract Signed

Rhode Island Association of REALTORS® #1391761

Jan 6, 2026

Price Change

Rhode Island Association of REALTORS® #1391761

$75,000
Jan 1, 2026

Temporarily Off Market

Rhode Island Association of REALTORS® #1391761

Aug 4, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1391761

$120,000
Feb 6, 2007

Permanently Off Market

Rhode Island Association of REALTORS® #655160

Sep 6, 2006

Listed (Active)

Rhode Island Association of REALTORS® #655160

$199,900
Dec 8, 2005

Permanently Off Market

Rhode Island Association of REALTORS® #543184

Jun 15, 2005

Listed (Active)

Rhode Island Association of REALTORS® #543184

$144,900
Jan 9, 2004

Permanently Off Market

Rhode Island Association of REALTORS® #318683

Nov 14, 2003

Listed (Active)

Rhode Island Association of REALTORS® #318683

$129,900
Nov 10, 2003

Sold

Rhode Island Association of REALTORS® #304354

$90,000
Jun 7, 2003

Contract Signed

Rhode Island Association of REALTORS® #304354

Mar 29, 2003

Permanently Off Market

Rhode Island Association of REALTORS® #300712

Mar 29, 2003

Listed (Active)

Rhode Island Association of REALTORS® #304354

$99,900
Jan 16, 2003

Listed (Active)

Rhode Island Association of REALTORS® #300712

$109,900
Nov 6, 2002

Sold (Public Record)

Public Record #171260807

$93,000

+11.4% / yr

Oct 4, 2001

Temporarily Off Market

Rhode Island Association of REALTORS® #108338

Jun 4, 2001

Listed (Active)

Rhode Island Association of REALTORS® #108338

$69,900
Nov 8, 1996

Temporarily Off Market

Rhode Island Association of REALTORS® #608940

Jul 2, 1996

Sold (Public Record)

Public Record #171297353

$47,000

+13.4% / yr

May 8, 1996

Listed (Active)

Rhode Island Association of REALTORS® #608940

$49,900
Feb 6, 1990

Sold (Public Record)

Public Record #171314681

$21,000
DateEvent & SourcePrice
02/09/2026

Contract Signed

Rhode Island Association of REALTORS® #1391761

01/06/2026

Price Change

Rhode Island Association of REALTORS® #1391761

$75,000
01/01/2026

Temporarily Off Market

Rhode Island Association of REALTORS® #1391761

08/04/2025

Listed (Active)

Rhode Island Association of REALTORS® #1391761

$120,000
02/06/2007

Permanently Off Market

Rhode Island Association of REALTORS® #655160

09/06/2006

Listed (Active)

Rhode Island Association of REALTORS® #655160

$199,900
12/08/2005

Permanently Off Market

Rhode Island Association of REALTORS® #543184

06/15/2005

Listed (Active)

Rhode Island Association of REALTORS® #543184

$144,900
01/09/2004

Permanently Off Market

Rhode Island Association of REALTORS® #318683

11/14/2003

Listed (Active)

Rhode Island Association of REALTORS® #318683

$129,900
11/10/2003

Sold

Rhode Island Association of REALTORS® #304354

$90,000
06/07/2003

Contract Signed

Rhode Island Association of REALTORS® #304354

03/29/2003

Permanently Off Market

Rhode Island Association of REALTORS® #300712

03/29/2003

Listed (Active)

Rhode Island Association of REALTORS® #304354

$99,900
01/16/2003

Listed (Active)

Rhode Island Association of REALTORS® #300712

$109,900
11/06/2002

Sold (Public Record)

Public Record #171260807

$93,000

+11.4% / yr

10/04/2001

Temporarily Off Market

Rhode Island Association of REALTORS® #108338

06/04/2001

Listed (Active)

Rhode Island Association of REALTORS® #108338

$69,900
11/08/1996

Temporarily Off Market

Rhode Island Association of REALTORS® #608940

07/02/1996

Sold (Public Record)

Public Record #171297353

$47,000

+13.4% / yr

05/08/1996

Listed (Active)

Rhode Island Association of REALTORS® #608940

$49,900
02/06/1990

Sold (Public Record)

Public Record #171314681

$21,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 42 Derry Street

Taxable ValueLand$87,800Additions-Total$87,800
Tax Record2025$1,282 ($107 / month)
Home Facts
Beds0Lot Size2,400 SqFtStyleResidentialZoningR-3CountyPROVIDENCEAPNPROV M:68 L:255

Schools near 42 Derry Street

This home is within Providence School District.
Rating
School
Type
Grades
Distance
Charter - K to 12
Charter - 6 to 12
Charter - K to 5
Public - PK to 5
Rating
School
Distance
Times2 Academy
CharterK to 12

Times2 Middle/High School
Charter6 to 12

Times2 Elementary School
CharterK to 5

Harry Kizirian Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Preferred

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.