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Craftsman Duplex With Second Unit
For Sale
$3,495,000
Pending

243 Webster St, Palo Alto, CA 94301

R2-zoned property near University Ave with hardwood floors, high ceilings, and substantial building improvements.

Property Size1,916 SF
Days on Market1518

Property Features for 243 Webster St

General Information

Standard status Pending
Size 1,916 SF
Property subtype Residential Income
Zoning R2

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $43,750

Building Details

Construction Craftsman
Listing Agency: Sereno
Listed By: Nicholas French · License #01350085
Source: Exprealty
Added: Aug 24, 2022 Changed: Oct 9 Last Checked: Oct 16 at 12:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sereno

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Investment Insights

Based on property information with market context.

Located at 243 Webster St in Palo Alto, this 1,916-square-foot duplex property includes a four-bedroom, two-bathroom primary home and a second unit. The Craftsman-style residence features high ceilings, hardwood flooring throughout, updated light fixtures, and refreshed paint. Capital improvements include work to the foundation, sewer line, plumbing, and roof.

The property is zoned R2 for multifamily use and sits two blocks from University Ave in Downtown Palo Alto. Natural light and the existing two-unit configuration add to the property's physical appeal, while the interior remains suitable for custom updates.

Key Highlights

  • Duplex property with a second unit at 243 Webster St
  • 1,916 square feet with a four‑bedroom, two‑bathroom primary home
  • R2 multifamily zoning

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Barber Shop Auto Parts Store Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

4,110
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - R2-zoned property near University Ave with hardwood floors, high ceilings, and substantial building improvements.
Where is this duplex located?
The property is located at 243 Webster St Palo Alto, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Duplex property with a second unit at 243 Webster St; 1,916 square feet with a four‑bedroom, two‑bathroom primary home; R2 multifamily zoning
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