248-250 Jefferson St, Fall River, MA 02721
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$694,999
3 Unit
6 Beds
3 Baths
4266 SQFT
0.08 Acre

Property Description

Don’t miss this great investment opportunity in the heart of Fall River! This well-maintained mixed-use property features a street-level commercial space with two spacious residential units above. Each unit offers three generously sized bedrooms, a large living room, formal dining room, and an updated kitchen with granite countertops. Hardwood floors add warmth and classic charm throughout the living areas. Recent improvements include a new electrical panel, new hot water heaters for the first and third 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 in a vibrant historic city along the Taunton River and close to the Atlantic Ocean, with Newport, RI just a short drive away. Off-street parking for five vehicles—a rare city find. Excellent opportunity for investors or owner-occupants.

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: 02/23/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
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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MLS PIN data last updated at 2026-02-23 07:50:00

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