248 Jefferson St Fall River, MA 02721
Niagara NeighborhoodEstimated payment $4,246/month
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!
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
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
Parking
- 5 Open Parking Spaces
- 5 Car Parking Spaces
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
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
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/22/2025 11/22/25 | Pending | -- | -- | -- | |
| 09/12/2025 09/12/25 | Price Changed | $699,999 | -2.8% | $164 / Sq Ft | |
| 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 | View Prior Sale |
| 07/17/2021 07/17/21 | Pending | -- | -- | -- | |
| 04/28/2021 04/28/21 | For Sale | $389,900 | -- | $91 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $660,000 | None Available | |
| Quit Claim Deed | $660,000 | None Available | |
| Quit Claim Deed | $660,000 | None Available | |
| Quit Claim Deed | $370,000 | None Available | |
| Quit Claim Deed | $370,000 | None Available | |
| Quit Claim Deed | $370,000 | None Available | |
| Deed | $150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | Purchase Money Mortgage | |
| Closed | $450,000 | Purchase Money Mortgage | |
| Previous Owner | $320,000 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73416610
APN: FALL-000004F-000000-000016
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