248 Jefferson St, Fall River MA 02721

Fall River, MA 02721
$699,999
Est. $3,726/month
6
Beds
2.5
Baths
4,266
Sq Ft
$164
Price/Sq Ft
0.08
Acres
1900
Year Built
Multi Family
Type
45
Days on Market
Active Price Drop -$20,001 Listed Sep 26, 2025 • MLS# 73416610

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!

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1900
Bedrooms
6
Full Bathrooms
2
Half Bathrooms
1
Living Area
4,266 sq ft
Total Rooms
15
Stories
3
Levels
3

Interior Features

Flooring
Tile, Vinyl, Hardwood, Stone/Ceramic Tile
Heating
Natural Gas
Has Heating
Yes
Cooling
Ductless, None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Refrigerator, Freezer
Interior Features
Pantry, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen

Exterior & Structure

Roof
Shingle
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.08 acres
Lot Size
3,306 sq ft
Lot Size Area
0.0800
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
5

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven
Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,069
Tax Year
2025
Tax Assessed Value
$617,400
Parcel Number
M:0F04 B:0000 L:0016,2824085
Zoning
CMD

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Unit 3 will be vacated. Seller splits water bill with bagel shop. Gas available for gas range.Seller intends to complete a tax-deferred exchange under Section 1031 of the Internal Revenue Code. Buyer agrees to cooperate with Seller in facilitating said exchange, at no cost or liability to the buyer
Exclusions
Washer And Dryer

Location

Loading map...

Neighborhood

248 Jefferson St, Fall River MA 02721

Fall River, MA 02721

Walkability

Loading Walk Score...

Schools

School information not available

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $589
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1
Price Changes
2.8%
Price Range

Property Timeline

Price Reduced
Sep 12, 2025
$699,999 $20,001 (-2.78%)
From $720,000 to $699,999 (-2.8%)
🏠
Listed for Sale
Aug 12, 2025
$720,000
Original listing
Agent: Jennifer Eaton Office: ALANTE Real Estate

Price & Status History

Date Event Price Change
Sep 12, 2025 Price Changed $699,999 -$20,001
Aug 12, 2025 New Listing Added $720,000

Market Statistics

Days on Market
45 days
Price per Sq Ft
$164
Total Price Drop
-$20,001

Tax History

Year Taxes Assessment
2025 $7,069 $617,400

Financial Details

Annual Property Tax
$7,069
Tax Year 2025
Assessed Value
$617,400

Listing Information

Listing Agent Jennifer Eaton
Listing Office ALANTE Real Estate
Agent MLS ID CN224180
Office MLS ID AN8558

Similar Homes

248 Jefferson St, Fall River MA 02721 - Photo 1 248 Jefferson St, Fall River MA 02721 - Photo 2 248 Jefferson St, Fall River MA 02721 - Photo 3 248 Jefferson St, Fall River MA 02721 - Photo 4 248 Jefferson St, Fall River MA 02721 - Photo 5 248 Jefferson St, Fall River MA 02721 - Photo 6 248 Jefferson St, Fall River MA 02721 - Photo 7 248 Jefferson St, Fall River MA 02721 - Photo 8 248 Jefferson St, Fall River MA 02721 - Photo 9 248 Jefferson St, Fall River MA 02721 - Photo 10 248 Jefferson St, Fall River MA 02721 - Photo 11 248 Jefferson St, Fall River MA 02721 - Photo 12 248 Jefferson St, Fall River MA 02721 - Photo 13 248 Jefferson St, Fall River MA 02721 - Photo 14 248 Jefferson St, Fall River MA 02721 - Photo 15 248 Jefferson St, Fall River MA 02721 - Photo 16 248 Jefferson St, Fall River MA 02721 - Photo 17 248 Jefferson St, Fall River MA 02721 - Photo 18 248 Jefferson St, Fall River MA 02721 - Photo 19 248 Jefferson St, Fall River MA 02721 - Photo 20 248 Jefferson St, Fall River MA 02721 - Photo 21 248 Jefferson St, Fall River MA 02721 - Photo 22 248 Jefferson St, Fall River MA 02721 - Photo 23 248 Jefferson St, Fall River MA 02721 - Photo 24 248 Jefferson St, Fall River MA 02721 - Photo 25 248 Jefferson St, Fall River MA 02721 - Photo 26 248 Jefferson St, Fall River MA 02721 - Photo 27 248 Jefferson St, Fall River MA 02721 - Photo 28 248 Jefferson St, Fall River MA 02721 - Photo 29 248 Jefferson St, Fall River MA 02721 - Photo 30 248 Jefferson St, Fall River MA 02721 - Photo 31 248 Jefferson St, Fall River MA 02721 - Photo 32 248 Jefferson St, Fall River MA 02721 - Photo 33 248 Jefferson St, Fall River MA 02721 - Photo 34 248 Jefferson St, Fall River MA 02721 - Photo 35 248 Jefferson St, Fall River MA 02721 - Photo 36 248 Jefferson St, Fall River MA 02721 - Photo 37

Contact Agent

Schedule a Tour