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You are here:
Home Massachusetts Fall River Multi-Family Homes for Sale

248-250 Jefferson St Fall River, MA 02721

148 Days on Boston Pads
Price Reduced $5,000
37 Photos
$689,999
3 Unit
6 Beds
3 Baths
4266 SQFT
0.08 Acre
248-250 Jefferson St
Fall River, MA 02721

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.

Property Overview

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
  • Expenses Source: Owner Provided
  • Gross Operating Income: 66000
  • Gross Expenses: 8580
  • Water/Sewer: 1080
  • INSC: 7500
  • 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: 05/22/26

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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Map & Nearby Places

Brayton Avenue School

School

0.35mi

William S Greene School

Public Elementary School, Grades: PK-5

0.46mi

South Coast Autism Center

Special Education, Grades: PK-1

0.55mi

Espirito School

School

0.61mi

Espirito Santo School

Private School, Grades: PK-8

0.61mi

Holy Cross School

School

0.62mi

Aldrich School

School

0.67mi

Samuel Watson School

Public Elementary School, Grades: K-5

0.72mi

McDonald's

Burger (Fast Food)

0.05mi

Dunkin'

Donut & Coffee Shop

0.24mi

Dunkin' Donuts

Donut & Coffee Shop

0.64mi

Dunkin'

Donut & Coffee Shop

0.8mi

Domino's

Pizzeria

0.9mi

Lee Garden

Chinese Restaurant. Offers: Vegetarian

0.83mi

Saint Anne's Hospital

Hospital

1.13mi

Fall River Fire Department

Fire Station

0.9mi

Fall River Fire Department

Fire Station

0.98mi

Fall River City Police Dept

Local Police

0.97mi

Watuppa Rowing Center

Sports Centre. Sports: Rowing

0.59mi

Planet Fitness

Fitness Centre

0.93mi

Quequechan Rail Trail

Park

0.36mi

Quequechan Rail Trail

Park

0.36mi

Quequechan Rail Trail

Park

0.42mi

Quequechan Rail Trail

Park

0.43mi

Maplewood Park

Municipal Park

0.46mi

Quequechan Rail Trail

Park

0.46mi

Father Travossos Park

Municipal Park

0.49mi

Pulaski Park

Park

0.5mi

Walmart Supercenter

Supermarket

0.27mi

Stop & Shop

Supermarket

0.91mi

Seller's Representative: Jennifer Eaton, ALANTE Real Estate
MLS ID#: 73476887

© 2026 MLS Property Information Network, Inc.. All rights reserved.

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 2026-05-22 10:10:00

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