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248-250 Jefferson St, Fall River MA 02721

Active

248-250 Jefferson St, Fall River MA 02721

$689,999

Estimated $1,708/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $229,999.67

Total Rent: 66000/year

Estimated CAP Rate:

6 Bedrooms

Baths

4266

Total Parking: 5

3,306 (0.08)

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.

This home has been viewed 52 times

Last Checked: May 23rd, 2026 at 7:28am (Source: MLS PIN #73476887)

Gross Income: $66,000

Gross Expenses: $15,649

Net Income Calc: $50,351

Water Views

Annual Expenses for 248-250 Jefferson St, Fall River MA 02721

Total Gross Expenses (Calculated)$15,649/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7069.23

Annual Income & Unit Breakdown for 248-250 Jefferson St, Fall River MA 02721

Total Gross Income (Calculated)$66,000

Unit 1

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 248-250 Jefferson St, Fall River MA 02721

Listing ID73476887

Property TypeMulti Family

Price689999 ($161.74/SqFt)

StyleMulti Family

CityFall River

CountyBristol

Neighborhood(s)

Approximate Living Area Total4266

Approximate Lot Size (Acres)0.08

Total Parking5

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningCMD

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 248-250 Jefferson St, Fall River MA 02721

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher And Dryer Excluded. Curtain Rods In Primary Belong To Stager.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 248-250 Jefferson St, Fall River MA 02721

Real Estate Taxes7069.23

Tax Year2025

Assessed Value$617,400

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 248-250 Jefferson St, Fall River MA 02721

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 248-250 Jefferson St, Fall River MA 02721

Agent

Name: Jennifer Eaton

Office

Name: ALANTE Real Estate

Phone: 855-450-0442

Payment Calculator

, Interest

Property Taxes 589.1

Principal & Interest 4251.55

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ALANTE Real Estate

Jennifer Eaton

Agent Phone

Office Phone

(855) 450-0442

Text Agent Call Agent Call Office

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    [unparsed] => 248-250 Jefferson St, Fall River MA 02721
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EXIT

34 More Photos

Active

248-250 Jefferson St, Fall River MA 02721

$689,999

Annual Expenses for 248-250 Jefferson St, Fall River MA 02721

Annual Income & Unit Breakdown for 248-250 Jefferson St, Fall River MA 02721

General Information for 248-250 Jefferson St, Fall River MA 02721

Disclosures for 248-250 Jefferson St, Fall River MA 02721

Financial Information for 248-250 Jefferson St, Fall River MA 02721

Location Information for 248-250 Jefferson St, Fall River MA 02721

Contact Information for 248-250 Jefferson St, Fall River MA 02721

Agent

Office

Payment Calculator

Exclusive Listing Agent

ALANTE Real Estate

Jennifer Eaton