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INVESTMENT SNAPSHOT
About this property
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 details
| Units | 3 |
| Living area | 4,266 sqft |
| Lot size | 3,306 sqft |
| Year built | 1900 |
| Price / sqft | $162 |
| County | Bristol |
| MLS # | 73476887 |
Listing status
| Days on market | 99 days |
| Listed on | February 12, 2026 |
Taxes & financials
| Annual property tax | $7,069 |
| Tax year | 2025 |
| Assessed value | $617,400 |
| Zoning | CMD |
| Gross income (actual) | $66,000/yr |
| Net operating income (actual) | $63,840/yr |
| Total actual rent | $5,500/mo |
| Insurance expense | $7,500/yr |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.08 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Flooring | Tile, Vinyl, Hardwood, Stone/Ceramic Tile |
Utilities & systems
| Heating | Natural Gas, Ductless |
| Cooling | Ductless, None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range, for Electric Oven |
| Appliances | Range, Refrigerator, Freezer |
Location
More about investing in Fall River →
Listing courtesy of ALANTE Real Estate — Jennifer Eaton. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 248-250 Jefferson St, Fall River MA 02721 have?
It is a 3-unit multi-family property with 4,266 sqft of living area, built in 1900.
How long has 248-250 Jefferson St, Fall River MA 02721 been on the market?
248-250 Jefferson St, Fall River MA 02721 has been listed for 99 days (since February 12, 2026).
What is the estimated cap rate on this 3-family in Fall River?
Based on area median rents, the estimated cap rate is about 5.1%, with a Signal Score of 87/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $689,999 across 3 units, that works out to roughly $230,000 per unit.
What are the property taxes on 248-250 Jefferson St, Fall River MA 02721?
Annual property taxes are $7,069 (2025), on an assessed value of $617,400.
What is the price per square foot?
At $689,999 for 4,266 sqft, that's about $162 per square foot.
Is there parking?
5 total parking spaces.
Where is this property located?
248-250 Jefferson St, Fall River MA 02721 is in Fall River, Bristol County, MA 02721.
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