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    Palo Alto, CA Apartment Buildings for Sale

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    Renovated Multifamily Apartment Building
    Updated: Jul 3
    Renovated Multifamily Apartment Building

    251 Middlefield Road, Palo Alto, CA 94301

    $7,500,000
    0.23 AC lot
    Rare trophy multifamily investment property in Palo Alto, a highly desirable and supply‑constrained market.
    Prime location blocks from Stanford University and downtown Palo Alto, near major tech employers.
    Completely renovated in 2019, blending historic architecture with modern luxury and high‑end finishes.
    Seven beautifully renovated residential units with premium materials, stainless steel appliances, granite countertops, and designer finishes.
    Significant value‑add potential with a 2,868 sq ft finished basement including private access, kitchenette, and bathroom.
    View details
    Six-Unit Multifamily on Adjacent Parcels
    Updated: Jun 18
    Six-Unit Multifamily on Adjacent Parcels

    2106 Williams Street, Palo Alto, CA 94306

    $4,990,000
    4,138 sqft
    Two neighboring multifamily properties on Williams Street totaling 6 units
    Year built: 1955
    View details
    Apartment Building with Coin Laundry
    Apartment Building with Coin Laundry

    727-729 Waverley Street, Palo Alto, CA 94301

    $3,700,000
    3,535 sqft 0.17 AC lot

    Well-maintained multifamily property with eight units, updated improvements, and an on-site leased coin laundry facility.

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    Palo Alto Investment Property
    Palo Alto Investment Property

    643 Channing Avenue, Palo Alto, CA 94301

    $4,495,000
    4,735 sqft

    Turnkey investment property near downtown Palo Alto with income opportunity.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Palo Alto, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Apartment & Restaurant Building
    Mixed-Use Apartment & Restaurant Building

    2393 Spg, Redwood City, CA 94063

    $1,988,000
    6,405 sqft 0.30 AC lot

    Five apartments plus an on-site commercial restaurant and a detached 6-garage building near transit and freeway access.

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    East Palo Alto Apartment Complex
    East Palo Alto Apartment Complex

    315 E Okeefe St, East Palo Alto, CA 94303

    $9,000,000
    33,095 sqft 0.88 AC lot

    38-unit apartment complex in East Palo Alto with low vacancy.

    View details
    East Palo Alto Multifamily Opportunity
    East Palo Alto Multifamily Opportunity

    Cooley Avenue, East Palo Alto, CA 94303

    $3,000,000
    6,132 sqft 0.63 AC lot

    12-unit multifamily property in East Palo Alto with value-add potential.

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    Renovated Multi-Unit Apartment Building
    Renovated Multi-Unit Apartment Building

    116 Pine Street, Redwood City, CA 94063

    $3,395,000

    Fully renovated 10-unit building with a mix of one- and two-bedroom apartments near downtown Redwood City amenities.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    2+ acres of commercially zoned land with freeway exposure.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

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    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details
    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details

    Off-Market Properties in Palo Alto, CA

    Consider similar Off-Market properties in Palo Alto, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2745 Byron St
    APARTMENT HOUSE (5+ UNITS)

    2745 Byron St, Palo Alto, CA 94306-2507

    $1,805,000
    Estimated value
    4,310 sqft 0.21 AC lot
    View details
    500 Palo Alto Ave
    APARTMENT HOUSE (5+ UNITS)

    500 Palo Alto Ave, Palo Alto, CA 94301-1213

    Value Estimation by Request
    6,442 sqft 0.29 AC lot
    View details
    430 Frst Ave
    APARTMENT HOUSE (5+ UNITS)

    430 Frst Ave, Palo Alto, CA 94301-2658

    Value Estimation by Request
    16,449 sqft 0.30 AC lot
    View details
    827 University Ave
    APARTMENT HOUSE (5+ UNITS)

    827 University Ave, Palo Alto, CA 94301-2132

    $4,505,000
    Estimated value
    5,321 sqft 0.29 AC lot
    View details
    461 Wilton Ave
    APARTMENT HOUSE (5+ UNITS)

    461 Wilton Ave, Palo Alto, CA 94306-2863

    $1,740,000
    Estimated value
    4,632 sqft 0.25 AC lot
    View details
    4274 Wilkie Way
    APARTMENT HOUSE (5+ UNITS)

    4274 Wilkie Way, Palo Alto, CA 94306-4475

    $4,965,000
    Estimated value
    27,384 sqft 1.43 AC lot
    View details
    702 Ellsworth Pl
    APARTMENT HOUSE (5+ UNITS)

    702 Ellsworth Pl, Palo Alto, CA 94306-2514

    $1,440,000
    Estimated value
    0.08 AC lot
    View details
    267 Curtner Ave
    APARTMENT HOUSE (5+ UNITS)

    267 Curtner Ave, Palo Alto, CA 94306-3471

    $10,100,000
    Estimated value
    21,595 sqft 0.79 AC lot
    View details
    565 Matadero Ave
    APARTMENT HOUSE (5+ UNITS)

    565 Matadero Ave, Palo Alto, CA 94306-2754

    $2,395,000
    Estimated value
    13,108 sqft 0.47 AC lot
    View details
    4185 Byron St
    APARTMENT HOUSE (5+ UNITS)

    4185 Byron St, Palo Alto, CA 94306-4736

    $2,500,000
    Estimated value
    4,285 sqft 0.27 AC lot
    View details
    1087 Tanland Dr
    APARTMENT HOUSE (5+ UNITS)

    1087 Tanland Dr, Palo Alto, CA 94303-3776

    $25,305,000
    Estimated value
    54,545 sqft 2.84 AC lot
    View details
    2586 Bayshore Rd
    APARTMENT HOUSE (5+ UNITS)

    2586 Bayshore Rd, Palo Alto, CA 94303-3771

    $40,390,000
    Estimated value
    71,332 sqft 3.36 AC lot
    View details
    4211 Mckellar Ln
    APARTMENT HOUSE (5+ UNITS)

    4211 Mckellar Ln, Palo Alto, CA 94306-4300

    $3,100,000
    Estimated value
    4,266 sqft 0.19 AC lot
    View details
    3553 Alma St
    APARTMENT HOUSE (5+ UNITS)

    3553 Alma St, Palo Alto, CA 94306-3500

    $5,070,000
    Estimated value
    12,010 sqft 0.59 AC lot
    View details
    3820 Park Blvd
    APARTMENT HOUSE (5+ UNITS)

    3820 Park Blvd, Palo Alto, CA 94306-3479

    $12,000,000
    Estimated value
    23,213 sqft 0.66 AC lot
    View details
    3860 Park Blvd
    APARTMENT HOUSE (5+ UNITS)

    3860 Park Blvd, Palo Alto, CA 94306-3491

    $11,150,000
    Estimated value
    23,633 sqft 0.82 AC lot
    View details
    201 Loma Verde Ave
    APARTMENT HOUSE (5+ UNITS)

    201 Loma Verde Ave, Palo Alto, CA 94306-2900

    $1,300,000
    Estimated value
    6,983 sqft 0.48 AC lot
    View details
    487 James Rd
    APARTMENT HOUSE (5+ UNITS)

    487 James Rd, Palo Alto, CA 94306-4067

    $4,750,000
    Estimated value
    7,144 sqft 0.31 AC lot
    View details
    3060 Emerson St
    APARTMENT HOUSE (5+ UNITS)

    3060 Emerson St, Palo Alto, CA 94306-2357

    $1,080,000
    Estimated value
    4,056 sqft 0.19 AC lot
    View details
    2850 Middlefield Rd
    APARTMENT HOUSE (5+ UNITS)

    2850 Middlefield Rd, Palo Alto, CA 94306-2512

    $5,950,000
    Estimated value
    82,169 sqft 3.47 AC lot
    View details

    Palo Alto, CA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Palo Alto, CA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 12,408 square feet of properties for sale, with an estimated market value of $13,185,000.

    Sale prices for two-family homes in Palo Alto, CA start at $3,700,000, averaging $4,395,000, and reaching up to $4,990,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 114K
    Population Growth (5Y) +6.6%
    Median Household Income $159,150
    College Educated 91.5%

    High-Yield Neighborhoods for Investment

    Identify Palo Alto submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    94306 $4.4M
    94301 $5.8M
    94303 $25M

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $8.24 per SF
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Santa Clara County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Palo Alto fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Palo Alto, CA

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    • 94306

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