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$75,000
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Property 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 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!
Full Property Details
Full Property Details for 42 Derry St
General
- Price: $75,000
- Taxes: $1,288 (2025)
- Status: Active
- Type: Lots/Land
- Source: STWMLS
- MLS ID: 1391761
- Updated: 4/27/2026
- Added to Site: 272 day(s) ago
Business
- Business Type: Residential
Location
- County: Providence
- Subdivision: Smith Hill
- Near Highway: Yes
Utilities
- Utility Description: None, Water Available
Structural Information
- Detached/Attached: Detached
- Stories/Levels: 0
Lot Features
- Lot Size (Acres): 0.0551
- Lot Size (Sq. Ft.): 2,400
- Lot Size: 2400
- Lot Features: Wooded
- Development Status: Raw Land
- Potential Use: Multi-Family, Single Family
- Trees/Vegetation: Wooded
- Zoning: Multi-Family, Residential
Financial Considerations
- Tax Amount: $1,288
- Tax Year: 2025
Disclosures and Reports
- Inclusions: Land will need to be surveyed.
- Property ID: 42DERRYSTPROV
- Lot Number: 255
Listed by RE/MAX Preferred
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Schools
Schools serving 42 Derry St
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908 | K-5 | 0.4 mi |
Martin Luther King El. School 35 Camp Street, Providence, RI 02906 | K-5 | 0.9 mi |
Veazie Street School 211 Veazie Street, Providence, RI 02904 | K-5 | 1.2 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 0.6 mi |
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904 | 6-8 | 0.7 mi |
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906 | 6-8 | 1.4 mi |
Hope High School 324 Hope Street, Providence, RI 02906 | 9-12 | 0.9 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 1.5 mi |
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 42 Derry St
Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$75,000
-37.5%
MLS
8/04/2025
Listed
$120,000
29.03%
MLS
11/06/2002
Sold
$93,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 42 Derry St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,282
297%
$87,800
399%
2024
$323
—
$17,600
—
2023
$323
3%
$17,600
—
2022
$313
32%
$17,600
81%
2021
$238
—
$9,700
—
2019
$238
-22%
$9,700
2%
2018
$304
—
$9,500
—
2017
$304
—
$9,500
—
2016
$304
-16%
$9,500
-13%
2015
$361
-2%
$10,900
—
2014
$368
—
$10,900
—
2013
$368
—
$10,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 42 Derry St
42 Derry Street, Providence, RI 02908 (MLS# 1391761) is a Lots/Land property with a lot size of 0.0551 acres. 42 Derry Street is currently listed for $75,000 and was received on August 04, 2025. Want to learn more about 42 Derry Street? Do you have questions about finding other Lots/Land real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

