Renovated Multifamily Apartment
For Sale
$7,500,000
251 Middlefield Road, Palo Alto, CA 94301
Other - Palo Alto, CA
Property SizeContact for details
Lot Size0.23 Acres
Days on Market41
Property Features for 251 Middlefield Road
General Information
Property type
Other
Property subtype
Multi Family
Zoning
R1
Parking features
Other
Interior features
Vaulted Ceiling(s)
Fireplace
1
Appliances
Cooktop, Cooktop - Gas, Dishwasher, Microwave, Refrigerator, Refrigerator - Built-in, Washer
Directions
From US-101, take University Ave west toward Palo Alto/Stanford. Continue approximately 1 mile, then left on Middlefield Rd. Property will be on the right at 251 Middlefield Rd.
Standard status
Active
APN
003-01-076
Lot size
0.23 Acres
Utilities
Heating system
Fireplace(s), See Remarks (Heating)
Cooling system
Ceiling Fan(s), Multi Units, Wall Unit(s), Window Unit(s)
Building Details
Year built
1915
Flooring type
Linoleum, Tile, Vinyl, Wood
Architectural style
Other
Listing Agency:
Engel & Völkers Roseville
(916) 768-1222
Listed By:
Bilal Sadek
Added: Jul 3
Changed: Jul 15
Last Checked: Aug 12 at 6:06PM
MLS# 226026984
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily apartment building was originally built in 1915 and completely reimagined in 2019. The property offers seven residential units featuring stainless steel appliances, granite countertops, hardwood and tile flooring, skylights, vaulted ceilings, double-pane windows, and designer finishes. Units include energy-efficient mini-split systems, and select residences offer central heating. Centralized laundry supports day-to-day living, and the landscaped grounds are maintained with automated drip irrigation.
The property is fully occupied and is currently used by most tenants as corporate housing. A portion of the building also includes an approximately 2,868-square-foot finished basement with private access, a kitchenette, and a bathroom, not included in official living square footage. Zoning is listed as R1. The offering is described as being blocks from Stanford University and near vibrant downtown Palo Alto, with strong rental demand tied to nearby technology employers.
The property is fully occupied and is currently used by most tenants as corporate housing. A portion of the building also includes an approximately 2,868-square-foot finished basement with private access, a kitchenette, and a bathroom, not included in official living square footage. Zoning is listed as R1. The offering is described as being blocks from Stanford University and near vibrant downtown Palo Alto, with strong rental demand tied to nearby technology employers.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,926
Businesses Nearby
Explore this area
Business Placement
Demographics for 94301, CA
17,299
Population
8,220
Households
2.1
Avg Household Size
44
Median Age
83%
College-Educated
96%
High-School Grad
2.4 sq mi
ZIP Area
7,208
Density / Sq Mi
$235,529
Median Household Income
$136,514
Median Earnings
$3,290
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven renovated residential units in a 1915 building reimagined in 2019, with on-site laundry and landscaped grounds.
Where is this apartment building located?
The property is located at 251 Middlefield Road Palo Alto, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 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.
