248 Jefferson St Fall River, MA 02721
Niagara NeighborhoodEstimated payment $4,512/month
Total Views
1,128
6
Beds
2.5
Baths
4,266
Sq Ft
$169
Price per Sq Ft
Highlights
- Medical Services
- Wood Flooring
- Solid Surface Countertops
- Property is near public transit
- Corner Lot
- Jogging Path
About This Home
Fantastic mixed-use investment opportunity in the heart of Fall River! This well-maintained property features a popular bagel shop at street level and two spacious residential units above. Each unit offers 3 generously sized bedrooms, a large living room, formal dining room, and a beautifully updated kitchen with granite countertops. Hardwood floors run throughout the living areas, adding warmth and charm. Located less than half a mile from the highway, and within walking distance to shops, restaurants, and public transportation. Fall River is a historic and cultural city nestled along the Taunton River and close to the Atlantic Ocean, with Newport, RI just a short drive away. The property also offers off-street parking for 5 cars—a rare find in the city. Great opportunity for both owner-occupants and investors alike!
Open House Schedule
-
Saturday, August 16, 202511:00 am to 1:00 pm8/16/2025 11:00:00 AM +00:008/16/2025 1:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,069
Year Built
- Built in 1900
Lot Details
- 3,306 Sq Ft Lot
- Corner Lot
Parking
- 5 Car Parking Spaces
Home Design
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,266 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
Kitchen
- Range
- Freezer
- Solid Surface Countertops
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- Bathtub with Shower
Location
- Property is near public transit
Utilities
- Ductless Heating Or Cooling System
- 1 Cooling Zone
- 3 Heating Zones
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 2(water), unit 3(water)
- Assessor Parcel Number M:0F04 B:0000 L:0016,2824085
Community Details
Overview
- 3 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Jogging Path
Building Details
- Insurance Expense $600
- Water Sewer Expense $360
- Operating Expense $960
- Net Operating Income $63,840
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,053 | $617,400 | $105,700 | $511,700 |
| 2024 | $5,053 | $439,800 | $101,800 | $338,000 |
| 2023 | $0 | $375,700 | $84,100 | $291,600 |
| 2022 | $0 | $255,400 | $80,100 | $175,300 |
| 2021 | $0 | $254,300 | $76,200 | $178,100 |
| 2020 | $4,777 | $238,800 | $75,100 | $163,700 |
| 2019 | $5,570 | $249,300 | $72,300 | $177,000 |
| 2018 | $0 | $267,800 | $78,400 | $189,400 |
| 2017 | -- | $264,100 | $74,700 | $189,400 |
| 2016 | -- | $268,900 | $79,500 | $189,400 |
| 2015 | -- | $268,900 | $79,500 | $189,400 |
| 2014 | -- | $266,500 | $77,100 | $189,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | For Sale | $720,000 | +94.6% | $169 / Sq Ft |
| 11/01/2021 11/01/21 | Sold | $370,000 | -5.1% | $87 / Sq Ft |
| 07/17/2021 07/17/21 | Pending | -- | -- | -- |
| 04/28/2021 04/28/21 | For Sale | $389,900 | -- | $91 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $150,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | Purchase Money Mortgage | |
| Closed | $450,000 | Purchase Money Mortgage | |
| Open | $934,000 | Commercial | |
| Closed | $320,000 | Purchase Money Mortgage | |
| Closed | $150,000 | Commercial |
Source: Public Records
Similar Homes in Fall River, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73416610
APN: FALL-000004F-000000-000016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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