
205 Bishop Dr #205 Framingham — Photo 1 of 12
$365,000
Investment Analysis — 205 Bishop Dr #205
Framingham, MA 01702
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01702 carries an estimated $3,180/mo in gross rent — about a 4.95% cap rate and $18,081/yr in estimated NOI at the $365,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,365
Style
Condominium
Built
1959
Welcome to Bishop Terrace Condominiums! This desirable corner unit offers three bedrooms and a convenient location within a well-maintained community featuring a swimming pool. The main level includes a kitchen and dining area with laminate flooring, while the second floor features three bedrooms and a full bathroom with a glass shower door. A spacious basement provides washer and dryer hookups, plenty of additional space, and potential for future finishing. A long-term tenant currently occupies the property on a tenant-at-will agreement and would like to remain, generating $3,300 per month. Conveniently located for commuters, with easy access to train and highway connections, plus nearby restaurants and the Natick Mall. Butterworth Park is directly across the street, offering a large playground, baseball fields, and tennis and pickleball courts. A great opportunity to own a 3-bedroom condo in a convenient and established community!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Park • Walk/Jog Trails • Medical Facility • Laundromat • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Vinyl
Dining Room
Lvl FirstFlooring - Laminate
Kitchen
Lvl FirstFlooring - Laminate, Pantry
Primary Bedroom
Lvl SecondCloset
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset
Bathroom 1
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Upgraded
Listing Agent: Jose Natal
Listing Office: Mega Realty Services
MLS® Number: 73580866