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$689,999

248-250 Jefferson St, Fall River MA 02721
Fall River, MA 02721
Listed by Jennifer Eaton
Bedrooms
6
Bathrooms
2.1
Living area
4,266 sqft
Year built
1900

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

MLS #
73476887
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
189
On market date
February 12, 2026
Stories
3
Garage spaces
N/A
Lot size
0.08 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
William S Greene
0.51 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
663
Student:teacher ratio
14.4:1
District
Fall River
Middle
Talbot Innovation School
1.23 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
620
Student:teacher ratio
11.7:1
District
Fall River
HighCharter
Argosy Collegiate Charter School
0.99 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
566
Student:teacher ratio
13.2:1
District
Argosy Collegiate Charter School (District)

Mortgage calculator

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Est. monthly payment
$4,305/mo
$138,000 down
$551,999 loan
Principal & interest$3,580
Property tax (est.)$575
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 22, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.