248-250 Jefferson St, Fall River, MA, 02721
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.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range,Refrigerator,Freezer
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Pantry,Stone/Granite/Solid Counters,Bathroom With Tub & Shower,Living Room,Dining Room,Kitchen
- Flooring: Tile,Vinyl,Hardwood,Stone/Ceramic Tile
- Finished area above ground: 4,266
Heating & Cooling
- Heating features: Natural Gas,Ductless
- Cooling features: Ductless,None
Interior Area
- Total structure area: 4,266
- Total interior livable area: 4,266 sqft
Property
Details
- Parcel number: M:0F04 B:0000 L:0016
- Zoning: CMD
- Exclusions: Washer And Dryer
Lot
- Lot size: 3,306 sqft
- Features: Corner Lot
Parking
- Total spaces: 5
- Uncovered spaces: 5
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,489 | $41,868 |
| Home Insurance * | $294 | $3,528 |
| Property Taxes | $592 | $7,104 |
| Electricity | $841 | $10,094 |
| Total | $5,216 | $62,592 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-31 | Price change | $689,999 |
| 2026-02-12 | Listed for sale | $694,999 |
| 2026-02-06 | Listing removed | $694,999 |
| 2026-01-28 | Price change | $694,999 |
| 2025-09-12 | Price change | $699,999 |
| 2025-08-12 | Listed for sale | $720,000 |
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