Palo Alto Multifamily Investment
251 Middlefield Road, Palo Alto, CA 94301
- Added:
- Apr 21, 2026
- Days on Market:
- 26
- Last Refresh:
- May 16 at 9:06 pm
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
- 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 agent Bilal Sadek
Listing office Engel & Völkers Roseville 1198 Roseville Parkway, Suite 165, Roseville, CA (916) 768-1222
Listing date Apr 21, 2026
MLS# 226026984
Listing URL
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.
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.
- 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.
- Fully occupied with stable income and strong rental demand, currently utilized as corporate housing.
Overview
Located in Palo Alto, this multifamily property presents an investment opportunity near Stanford University and downtown. Originally constructed in 1915 and renovated in 2019, the property combines historic architecture with modern luxury. The building features seven renovated residential units, finished with 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, with select residences offering central heating. The penthouse residence exceeds 2,000 sq ft and includes three bedrooms, a spacious office, and two bathrooms. The main ground-floor unit spans over 1,400 sq ft and features two master suites. The property also includes an approximately 2,868 sq ft finished basement with private access, kitchenette, and bathroom. Additional amenities include a centralized laundry facility and automated drip irrigation for the landscaped grounds. Most units are currently utilized as corporate housing, driven by employment demand from nearby global technology employers. The property offers stable income, strong rental demand, and long-term appreciation potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Palo Alto
- County
- Santa Clara
- State
- California
- Longitude
- -122.15938
- Latitude
- 37.452633
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated multifamily property near Stanford University and downtown Palo Alto.
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.
