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4 Days on market
318 Bishop Street #318 Framingham — Photo 1 of 31

318 Bishop Street #318 Framingham — Photo 1 of 31

$825,000

Investment Analysis — 318 Bishop Street #318

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 2.35% cap rate and $19,349/yr in estimated NOI at the $825,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,091

Style

Condominium

Built

2023

Built in 2023 and offering nearly 2,100 SF of thoughtfully designed living space, this like-new 3-bedroom, 2.5-bath townhome combines modern construction, flexible space and a convenient location near Downtown Framingham. Enjoy easy access to restaurants, shops and the commuter rail, with Natick Mall and extensive shopping and dining just minutes away.The bright, open-concept main level features high ceilings, abundant natural light and a seamless flow between the kitchen, dining and living areas—ideal for everyday living and entertaining. Flexible bonus spaces on both floors provide options for a home office, den, guest space or playroom, allowing the home to live more like a 4-bedroom.Upstairs, the spacious primary suite features a walk-in closet and large spa-like bath. Two additional bedrooms, another full bath and a dedicated second-floor laundry room complete the level.The unfinished basement offers even more potential, with high ceilings and an egress window providing the opportunity to add approximately 750 SF of additional living space.Like-new, spacious and move-in ready, this is an opportunity to enjoy newer construction with the lifestyle and convenience of being close to Downtown Framingham—commuter rail, restaurants and shops nearby, plus easy access to Natick Mall and the Route 9 shopping and dining corridor.

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.

Open Houses

Property Details

Financials

Original Price$825,000
Annual Taxes$9,653

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms8
Fireplaces1
FlooringWood, Tile, Carpet, Flooring - Hardwood, Flooring - Wall to Wall Carpet
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningG

Property & Lot

Acres0.2
SqFt Lot8,740
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3
Second
OfficePrimary BedroomBedroom 2Bathroom 1Bathroom 2
First
Living RoomDining RoomKitchenBathroom 3
Living Room
Lvl First

12 x 15

Flooring - Wood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

12 x 18

Flooring - Wood, Exterior Access, Open Floorplan

Kitchen
Lvl First

12 x 14

Flooring - Wood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Gas Stove, Lighting - Pendant

Office
Lvl Second

12 x 10

Flooring - Wall to Wall Carpet

Primary Bedroom
Lvl Second

15 x 15

Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

11 x 12

Bedroom 3
Lvl Third

11 x 12

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Second

8 x 13

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity

Bathroom 2
Lvl Second

8 x 8

Bathroom - Full, Bathroom - With Tub & Shower, Double Vanity

Bathroom 3
Lvl First

5 x 6

Bathroom - Half, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Doug Mcneilly

Listing Office: Coldwell Banker Realty - Sudbury

MLS® Number: 73578414