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    Renovated Seven-Unit Apartment Building
    Updated: Jul 3
    Renovated Seven-Unit Apartment Building

    251 Middlefield Road, Palo Alto, CA 94301

    $7,500,000
    Seven residential units renovated in 2019 within a building originally constructed in 1915
    Penthouse exceeds 2,000 sq ft and includes 3 bedrooms, an office, and 2 bathrooms
    Ground‑floor residence spans over 1,400 sq ft with 2 master suites
    Approximately 2,868 sq ft finished basement with private access, kitchenette, and bathroom
    Fully occupied; most units are currently utilized as corporate housing
    View details
    14-Unit Apartment Building with Balconies
    Updated: Aug 6
    14-Unit Apartment Building with Balconies

    837 Cowper ST, Palo Alto, CA 94301

    $11,000,000
    12,830 sqft 0.40 AC lot
    14‑unit, two‑story apartment building at 837 Cowper St, Palo Alto, CA 94301
    Approximately 12,830 sqft of living area on a 17,500 sqft (0.40 acre) lot
    11 units remodeled in 2022‑2023; 3 units updated approximately 10 years ago
    All units feature balconies and 3‑4 sided independent walls
    Mature fruit trees and garden courtyard across the landscaped grounds
    View details
    Renovated Seven-Unit Apartment Building
    Renovated Seven-Unit Apartment Building

    251 Middlefield Rd, Palo Alto, CA 94301

    $7,500,000
    5,939 sqft

    Renovated interiors and centralized laundry complement the seven-unit residential configuration.

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    Multifamily Property with ADU Potential
    Multifamily Property with ADU Potential

    2110 Williams Street, Palo Alto, CA 94306

    $3,200,000
    3,298 sqft

    Apartment building with covered parking and direct gated access to Cameron Park.

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    Six-Unit Multifamily on Adjacent Parcels
    Six-Unit Multifamily on Adjacent Parcels

    2106 Williams Street, Palo Alto, CA 94306

    Contact for pricing
    4,138 sqft

    Acquire two neighboring multifamily properties totaling six units in Palo Alto’s College Terrace neighborhood.

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    Apartment Building with On-Site Laundry
    Apartment Building with On-Site Laundry

    727729 Waverley St, Palo Alto, CA 94301

    $3,700,000
    0.17 AC lot

    Eight residential units include six 1-bedroom units plus two nonconforming bachelor studios and a coin-operated 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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    5-Unit Residential Income Property
    5-Unit Residential Income Property

    2965 Emerson St, Palo Alto, CA 94306

    $3,300,000

    Five-unit apartment building offered for sale in Palo Alto, CA.

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    16-Unit Apartment Building with ADU Potential
    16-Unit Apartment Building with ADU Potential

    176 W Ramona Street, Ventura, CA 93001

    $4,999,000

    Multifamily property with renovated apartments, on-site laundry, and outdoor tenant amenities near Downtown Ventura and the beach.

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    5-Unit Multifamily Property
    5-Unit Multifamily Property

    531 Cedar Street, Ventura, CA 93001

    Contact for pricing

    The property combines a detached residence with two duplex buildings and a varied residential floor plan.

    View details
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 10 Active listings in Palo Alto, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Ten-Unit Walk-Up Apartment Building
    Ten-Unit Walk-Up Apartment Building

    Menlo Park, CA 94025

    $6,500,000
    13,139 sqft 0.29 AC lot

    Ten-unit, two-story walk-up building with exterior unit entrances and enclosed parking.

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    16-Unit Two-Bedroom Apartment Building
    16-Unit Two-Bedroom Apartment Building

    270 E Okeefe St, East Palo Alto, CA 94303

    Contact for pricing
    20,774 sqft 0.41 AC lot

    Each residence offers abundant natural light, with parking provided on the ground floor.

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    East Palo Alto Apartment Complex
    East Palo Alto Apartment Complex

    315 E Okeefe St, East Palo Alto, CA 94303

    Contact for pricing
    33,095 sqft 0.88 AC lot

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

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    Entitled Mixed-Use Property
    Entitled Mixed-Use Property

    201 El Camino Real & 612 Cambridge Ave, Menlo Park, CA 94025

    Contact for pricing

    Fully entitled for 12 condominiums, 7,075 SF of ground floor retail, and two standalone townhomes.

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    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

    $275,000
    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

    $4,600,000
    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

    $1,785,000
    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

    $1,465,000
    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

    $280,000
    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

    Palo Alto, CA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Palo Alto, CA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 30,940 square feet of properties for sale, with an estimated market value of $45,694,000.

    Sale prices for two-family homes in Palo Alto, CA start at $3,200,000, averaging $5,711,750, and reaching up to $11,000,000 — 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 $3.4M
    94301 $6.8M

    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

    • 94301
    • 94306
    • 93001

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