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248-250 Jefferson St, Fall River MA 02721

$694,999

Estimated $1,716.04/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $231,666.33

Total Rent: 69600/year

Estimated CAP Rate: 8.86%

6 Bedrooms

2 Full, 1 Half Baths

4,266 SqFt

Total Parking: 5

3,306 SqFt

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.

This home has been viewed 9 times

Last Checked: February 13th, 2026 at 8:13am (Source: MLS PIN #73476887)

Gross Income: $69,600

Gross Expenses: $8,029

Net Income Calc: $61,571

CAP Rate: 8.86%

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

Total Gross Expenses (Calculated)$8,029/year

APOD AvailableYes

Heating

Electricity

Water$360

Gas$360

Insurance$600

Sewer$360

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,069.23

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

Total Gross Income (Calculated)$69,600

Unit 1

Rental Income$2,000

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water)

Unit 2

Rental Income$2,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water)

Unit 3

Rental Income$1,800

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water)

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

Listing ID73476887

Property TypeMulti Family

Price$694,999 ($162.92/SqFt)

StyleMulti Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,266 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking5

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningCMD

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

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

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureCommercial space is at street level then 2 units

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$960

Total Gross Income By Broker$65,200

Total Net Income By Broker$63,840

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

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

Real Estate Taxes$7,069.23

Tax Year2025

Assessed Value$617,400

Financial Data Source

Total Gross Expenses By Broker$960

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$65,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$63,840

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.86%

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

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Shopping, Medical Facility, Laundromat, Public Transportation

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 4282.36

HOA Dues $0

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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EXIT

Active

248-250 Jefferson St, Fall River MA 02721

$694,999

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

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Jennifer Eaton