248-250 Jefferson St
$689,999
6
Beds
2/1
Baths
4,266
Sqft
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$689,999
6
Beds
2/1
Baths
4,266
Living Area
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Property Description
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.
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Highlights
- Cooling: Ductless, None
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
- Heating: Natural Gas, Ductless
- Parking Spots: 5
- Property Type: Multi Family
- Total Rooms: 15
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator, Freezer
- Flooring: Tile, Vinyl, Hardwood, Stone/Ceramic Tile
- Interior Features: Pantry, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Cmd
- Exclusions: Washer And Dryer
- Foundation: Concrete Perimeter
- Lot Features: Corner Lot
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $617,400
- Tax Year: 2025
- Total Rent: $5,500
- Rental Fee Includes: Unit 2(Water), Unit 3(Water)
- Taxes: $7,069
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Listing information provided courtesy of ALANTE Real Estate.
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