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    42 Derry St Providence, RI 02908

    For Sale
    $120,000

    LAND - Providence, RI

    Lot size:
    0.06 Acres
    Days on Market:
    122
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 42 Derry St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    r-4
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Electricity Available

    RE/MAX PREFERRED (401) 353-2200 [email protected]

    Listing agent Deborah Houghton (401) 636-2374

    Listing date Aug 15, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime R-4 Zoned Lot

    This R-4 zoned lot is located in an established Providence neighborhood. The zoning allows for up to four residential units, providing the flexibility to build a single-family to a four-unit multifamily property. It is suitable for investors, developers, or owner-occupants. The location is within walking distance to Providence College and a short drive to downtown, highways, hospitals, and shopping. Public sewer and water are available at the street. The lot will require approvals and a land survey, and buyers are responsible for conducting their own due diligence and obtaining necessary permits. The lot size is 0.0551 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.420239
    Latitude
    41.837886

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    FAQs

    What type of property is this?
    Residential land & home lot - R-4 zoned lot ideal for investors or owner-occupants.
    Where is this residential land & home lot located?
    The property is located at 42 Derry St Providence, RI.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Prime R-4 zoning allows for flexible development options: single-family, duplex, triplex, or four-unit multifamily property.; - Highly convenient location: short walk to Providence College and quick drive to downtown, highways, hospitals, and shopping.; - Ideal for investors, developers, or owner-occupants seeking rental income.
    (401) 636-2374
    Request Owner's contact information
    42 Derry St Providence, RI 02908
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    Providence, RI 02908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    42 Derry St Providence, RI 02908
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