248-250 Jefferson St

4,266 Sq. Ft.
$162 / Sq. Ft.
4,266
Sq. Ft.
$162
per Sq. Ft.

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...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.
  1. Listed by Jennifer Eaton • ALANTE Real Estate

Property Details for 248-250 Jefferson Street

Town
Fall River
Area
MA-Fall River
Garage Spaces
0
Open Parking Spaces
5.00
Parking Spaces Total
5
LISTING UPDATED: 04/09/2026 05:55 PM

Property Details for 248-250 Jefferson Street

StatusActive
MLS #73476887
Days on Market84
Taxes$7,069 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1900
CountyBristol County

Location

Listing Courtesy of ALANTE Real Estate, Jennifer Eaton
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Building Information for 248-250 Jefferson Street

Stories3Residences3Year Built1900Building Size-Lot Size0.08 AC / 3,306 SF

Payment Calculator

$4,064 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,475

Property Taxes

$589

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 248-250 Jefferson Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship
  • Living Area: 4266.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator, Freezer
  • Num of Baths: 3.0
  • Num of Full Baths: 2
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 2.50
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Vinyl, Hardwood, Stone/Ceramic Tile
  • Interior Features: Pantry, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Cooling: Ductless Mini-Split System, None
  • Cooling: No
  • Heating: Natural Gas, Ductless
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • 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 exchange,at no cost or liability to the buyer.
Tax Information
  • Tax ID: M:0F04 B:0000 L:0016
  • Assessments: $617,400
  • Book: 11374
  • Tax Year: 2025
  • Zoning: CMD
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Levels: 3
  • Cooling Units: 1
  • Cooling Zones: 1
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • GOI: $65,200.00
  • Insurance: $600.00
  • GRE: $960
  • NOI: $63,840.00
  • Operating Expense: $960.00
  • WSE: $360.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,500.00

Property History for 248-250 Jefferson Street

DateEvent & SourcePriceAppreciation
Mar 31, 2026

Price Change

MLS PIN #73476887

$689,999
Feb 12, 2026

Listed (Active)

MLS PIN #73476887

$694,999
Feb 5, 2026

Expired

MLS PIN #73416610

$694,999
DateEvent & SourcePrice
03/31/2026

Price Change

MLS PIN #73476887

$689,999
02/12/2026

Listed (Active)

MLS PIN #73476887

$694,999
02/05/2026

Expired

MLS PIN #73416610

$694,999

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 248-250 Jefferson Street

This home is within Fall River School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
William S Greene Elementary School
PublicPK to 5

Talbot Innovation School
Public6 to 8

B M C Durfee High School
Public9 to 12

Resiliency Preparatory Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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248-250 Jefferson Street is a multi-family home for sale in Fall River, MA 02721. This property was listed for sale on February 12, 2026 by ALANTE Real Estate, it's currently listed at $689,999. This listing's school district is Fall River School District. Nearby schools include William S Greene Elementary School, Talbot Innovation School and B M C Durfee High School. 248-250 Jefferson Street is a 6-bed, 3-bath, 4,266 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ALANTE Real Estate, Jennifer Eaton

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.