Active
3 Days on market
205 Bishop Dr #205 Framingham — Photo 1 of 12

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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$365,000
Annual Taxes$3,373
HOA Fee$629

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringVinyl, Carpet, Laminate
BasementY

Climate & Utilities

HeatingBaseboard
CoolingWindow Unit(s), Wall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofShingle
Foundation--
ZoningG

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Park • Walk/Jog Trails • Medical Facility • Laundromat • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomKitchen
Living Room
Lvl First

Flooring - Vinyl

Dining Room
Lvl First

Flooring - Laminate

Kitchen
Lvl First

Flooring - Laminate, Pantry

Primary Bedroom
Lvl Second

Closet

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet

Bathroom 1
Lvl Second

Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Upgraded

Listing Provided By

Listing Agent: Jose Natal

Listing Office: Mega Realty Services

MLS® Number: 73580866