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Home Massachusetts Multi-Family Homes for Sale

248-250 Jefferson St Fall River, MA 02721
53 Days on Boardwalk PropertiesPrice Reduced $5,000
37
248-250 Jefferson St, Fall River, MA 02721
View Map
$689,999
3 Unit
6 Beds
3 Baths
4266 SQFT
0.08 Acre

Property Description

Don’t miss this exceptional mixed-use investment opportunity in the heart of Fall River! This well-maintained property features a street-level commercial space with a long-term lease in place, plus two spacious residential units above. Unit 3 can be delivered vacant, offering flexibility for an owner-occupant or added leasing potential. Each residential unit includes 3 generously sized bedrooms, a large living room, formal dining room, and an updated kitchen with granite countertops. HW floors add warmth and charm throughout. Recent improvements include a new electrical panel, new hot water heaters for the 1st and 3rd units, and a new furnace. Conveniently located less than half a mile from the highway and within walking distance to shops, restaurants, and public transportation. Situated near the Taunton River and a short drive to the ocean and Newport. Off-street parking for 5 vehicles—a rare city find. Ideal for investors or owner-occupants seeking flexibility and long-term value.
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Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Public Transportation, Shopping, Walk/Jog Trails
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Pantry, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Freezer, Range, Refrigerator
  • Common Heating: Ductless Mini-Split System, Extra Flue, Gas, Heat Pump
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Gross Operating Income: 65200
  • Gross Expenses: 960
  • Water/Sewer: 360
  • INSC: 600
  • Net Operating Income: 63840

Utilities

  • Heat Zones: 3
  • Cooling Zones: 1
  • Utility Connections: for Electric Oven, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73476887
  • Last Updated: 04/04/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/04/2026Active$689,999$162MLSPIN
03/31/2026Price Change$689,999$162MLSPIN
02/16/2026Active$694,999$163MLSPIN
02/12/2026New$694,999$163MLSPIN
02/06/2026Expired$694,999$163MLSPIN
02/01/2026Active$694,999$163MLSPIN
01/28/2026Price Change$694,999$163MLSPIN
01/17/2026Active$699,999$164MLSPIN
01/13/2026Back on Market$699,999$164MLSPIN
11/22/2025Under Agreement$699,999$164MLSPIN
09/16/2025Active$699,999$164MLSPIN
09/12/2025Price Change$699,999$164MLSPIN
08/16/2025Active$720,000$169MLSPIN
08/12/2025New$720,000$169MLSPIN

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Seller's Representative: Jennifer Eaton, ALANTE Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-04-04 03:05:00

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