$75,000
About this home
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
- MLS #
- 1391761
- Property type
- Unimproved Land
- Subdivision
- Smith Hill
- Status
- Active
- Days on market
- 381
- On market date
- August 4, 2025
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 0.0551 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 305
- Student:teacher ratio
- 12.2:1
- District
- Providence
- Enrollment
- 907
- Student:teacher ratio
- 15.4:1
- District
- Providence
- Enrollment
- 403
- Student:teacher ratio
- 14.9:1
- District
- Providence
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated April 27, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.


