The Preservation Society of Fall River has acquired its first historic property – the Dr. Isaac Fiske House located at 263 Pine Street.

The Pine Street home was chosen by the Preservation Society because of its documented history as an Underground Railroad site, its listing on the National Register of Historic Places, and its location in Fall River’s Lower Highlands National Historic District.

The Preservation Society’s business model for the home continues its current use as a multi-family tenement and does not displace or evict any tenants. The long-term goal for the property is to fully preserve its exterior and highlight its history as part of the Underground Railroad.

“We really hope this is the beginning of the Society leading by example and that this pilot model proves using historical preservation does work,” said Preservation Society President Jim Soule. “We hope it’s just the first of many preservation projects we can use as a catalyst for Fall River’s economic revival.”

The Preservation Society appreciates its support from the Community Preservation Committee for partial financing, Michael Lund/Borden Light Marina’s $5,000 donation earmarked to aid the acquisition, Bristol County Savings Bank VP Commercial Lending Joan Medeiros, and Attorney Jeffrey Medeiros for his pro bono efforts.