248 Jefferson St Fall River, MA 02721
Niagara NeighborhoodEstimated payment $4,222/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 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
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 |
|---|---|---|---|---|---|
| 03/31/2026 03/31/26 | Price Changed | $689,999 | -0.7% | $162 / Sq Ft | |
| 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.