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Multifamily Property with ADU
New
For Sale
$3,990,000

207 Hawthorne AVE, Palo Alto, CA 94301

Residential Income (2-4 units), PALO ALTO, CA

Property Size3,142 SF
Lot Size0.15 Acres
Price / SF$1,269
Days on Market2

Property Features for 207 Hawthorne AVE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM3
Bedrooms 5
Rooms Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4
Parking 3
Parking features On Street
Subdivision Downtown Palo Alto
Standard status Active
Size 3,142 SF
Lot size 0.15 Acres

Utilities

Heating system Wall Furnace
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1902
Roof type Composition
Listing Agency: Intero Real Estate Services
Listed By: Lynne Tran · License #01293229
Added: Oct 13 Last Checked: Oct 14 at 7:06AM
MLS# ML82064495

Copyright © 2026 MLS Listings, Inc. 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 3,142-square-foot multifamily property spans a 0.1492-acre corner site at 171 Emerson St and 207 Hawthorne Ave. The Emerson Street residence has two bedrooms and two bathrooms. At the Hawthorne Avenue address, three existing units each contain one bedroom and one bathroom; a permit has been issued for an additional one-bedroom, one-bath ADU. The property was built in 1902 and is zoned RM3. Heating is provided by wall furnaces, cooling by wall units, and parking is on street.

The property is in downtown Palo Alto, near University Avenue restaurants, cafes, and boutiques, as well as the Stanford Theatre. Johnson Park, Palo Alto Caltrain, and Stanford University are also nearby.

Key Highlights

  • 3,142 square feet on a 0.1492‑acre corner parcel
  • Three existing 1‑bedroom, 1‑bath units at 207 Hawthorne Ave
  • Separate 2‑bedroom, 2‑bath residence at 171 Emerson St

Property Analytics

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Current Use

Apartment buildings

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

6,390
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Separate living quarters and existing rentals are joined by an ADU permit already issued.
Where is this apartment building located?
The property is located at 207 Hawthorne AVE Palo Alto, CA.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: 3,142 square feet on a 0.1492‑acre corner parcel; Three existing 1‑bedroom, 1‑bath units at 207 Hawthorne Ave; Separate 2‑bedroom, 2‑bath residence at 171 Emerson St
More about this property
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