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248-250 Jefferson St

Fall River, MA 02721
  • $689,999
  • STATUS: Active
  • MLS #: 73476887
UPDATED: 50 min ago
$689,999
  • 6
    BEDS
  • 0.08
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 4,266
    SQFT
  • $162
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing courtesy of Jennifer Eaton of ALANTE Real Estate.

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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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. Data last updated 2026-04-15T18:05:28.59.
www.c21revolution.com/homes/173007214
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248-250 Jefferson St Fall River, MA 02721

  • Price: $689,999
  • Status: Active
  • On Site: Days
  • Updated: 50 min ago
  • MLS #: 73476887
6
Beds
2
Baths
1
½ Baths
0.08
Acres
4,266
SQFT
$162
$/SQFT
1900
Built
County:
Bristol
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.
Exterior Features

Color White Covered Spaces 0 Garage YN No Levels 3 Lot Features Corner Lot Parking Total 5 Road Frontage Type Public Roof Shingle Spa YN No Waterfront YN No

Interior Features

Appliances RangeRefrigeratorFreezer Building Area Total 4266 Cooling DuctlessNone Cooling Units 1 Cooling YN No Cooling Zones 1 Fireplace YN No Fireplaces Total 0 Flooring TileVinylHardwoodStone/Ceramic Tile Foundation Details Concrete Perimeter Heat Units 3 Heat Zones 3 Heating Natural GasDuctless Heating YN Yes Interior Features PantryStone/Granite/Solid CountersBathroom With Tub & ShowerLiving RoomDining RoomKitchen Lead Paint Unknown Rooms Total 15

Property Features

Community Features Public TransportationShoppingWalk/Jog TrailsMedical FacilityLaundromatHighway AccessHouse of Worship Disclosures The commercial space has a 5 year lease. TAW for units 2&3. Gas available for gas range.Seller intends to complete a tax-deferred exchange under Section 1031 of the Internal Revenue Code. Buyer agrees to cooperate with Seller in facilitating said exchangeat no cost or liability to the buyer. Exclusions Washer And Dryer Gross Income 65200 Home Warranty YN No Insurance Expense 600 Net Operating Income 63840 Operating Expense 960 Property Sub Type Multi Family Rent Includes Unit 2(Water)Unit 3(Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 7069.23 Tax Year 2025 Total Actual Rent 5500 Utilities for Electric Rangefor Electric Oven Water Sewer Expense 360 Water Source Public Year Built Details Actual Zoning CMD

Listing information © 2026 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Jennifer Eaton of ALANTE Real Estate: 855-450-0442.


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. Data last updated 2026-04-15T18:05:28.59.
 
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CENTURY 21 Revolution
625 Massachusetts Ave, 2nd Floor
Cambridge MA, 02139
Listing courtesy of Jennifer Eaton of ALANTE Real Estate.