248 Jefferson St Fall River, MA 02721
Niagara NeighborhoodEstimated payment $4,165/month
Highlights
- Medical Services
- Wood Flooring
- Solid Surface Countertops
- Property is near public transit
- Corner Lot
- Jogging Path
About This Home
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.
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 |
|---|---|---|---|---|---|
| 02/12/2026 02/12/26 | For Sale | $694,999 | +87.8% | $163 / 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: 73476887
APN: FALL-000004F-000000-000016
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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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Ask me questions while you tour the home.