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.

More Info

Basic Information

Gross Income $66,000
Lot Features Corner Lot
Mls StatusActive
Parcel Number M:0F04 B:0000 L:0016
Rent Includes Unit 2(Water), Unit 3(Water)

Tax Information

Tax Assessed Value $617,400
Tax Year 2025
Taxes$7,069

Parking

Parking Spaces5

Rooms

Bathroom3
Bathrooms Total Decimal 2.5
Bedrooms6
Full Bath2
Half Baths1

Basic Information

List Price$689,999
MLS Number73476887
Modification Date05/22/2026
Property SubTypeMulti Family

Location

Address248-250 Jefferson Street
Building Number248-250
CountyBristol
StateMA
StreetJefferson Street
TownFall River
Zip02721

Building

Building Area Units Square Feet
FoundationConcrete Perimeter
Levels 3
Rooms15
Stories3
Units3
Utilities For Electric Range, For Electric Oven
Year Built1900
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.08

Interior

Flooring Tile, Vinyl, Hardwood, Stone/Ceramic Tile
Interior Features
- Bathroom With Tub & Shower
- Dining Room
- Kitchen
- Living Room
- Pantry
- Stone/Granite/Solid Counters

Exterior

RoofShingle

Utilities

Cooling Ductless
Heat SystemYes
Heating Natural Gas, Ductless
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 4,266
Lot Size Square Feet 3,306
Lot Size Units Acres
Square Feet4,266

Amenities

Amenities
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Public Transportation
- Shopping
- Walk/Jog Trails
Appliances IncludedRange, Refrigerator, Freezer

Legal

ZoningCMD

Other

Date Listed02/12/2026
Farm Land Area Units Square Feet
View Count1

Name

Your Email Address

Phone

Message Send me the deed for 248-250 Jefferson Street Fall River MA 02721 (ID#:73476887)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 248-250 Jefferson Street Fall River MA 02721 (ID#:73476887)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 248-250 Jefferson Street Fall River MA 02721 (ID#:73476887)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

More Info

Basic Information

Tax Information

Parking

Rooms

Basic Information

Location

Building

Property

Interior

Exterior

Utilities

Property Information

Amenities

Legal

Other

Map Location

Driving Directions

Newton, MA

Listing Tools

$/month over payments

Hi there! How can we help you?

Send to a friend

More Info

Basic Information

Tax Information

Parking

Rooms

Basic Information

Location

Building

Property

Interior

Exterior

Utilities

Property Information

Amenities

Legal

Other

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Newton, MA