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Triplex Investment Property
For Sale
$918,000

2121 Addison Avenue East Palo, Palo Alto, CA 94303

Triplex with one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units in San Mateo County.

Property SizeContact for details
Days on Market88

Property Features for 2121 Addison Avenue East Palo

General Information

Standard status Active
Property subtype Triplex

Additional Details

Multifamily Units 3

Amenities

Wall Furnace
Washer/Dryer - Some Units
Public Utilities, Composition, Tar/Gravel

Building Details

Year Built 1949
Tenancy Multi
Listing Agency: Signature Realty & Mortgage
Listed By: Robert Pedro · License #01179093
Source: Kw
Added: Jun 11 Changed: Sep 5 Last Checked: Sep 5 at 6:55PM

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 Signature Realty & Mortgage

Investment Insights

Based on property information with market context.

This triplex offers three residential units arranged as one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. It is being offered as an investment property with buyer-value highlights focused on the unit mix.

The property is located in San Mateo County and is described as convenient to multiple major employers and destinations, including about 1.5 miles to Facebook & Bay Trail, 3.4 miles to Menlo Park CalTrain Station, 4.5 miles to Stanford Campus, 5.1 miles to Google Mountain View, and 6.1 miles to Stanford Medicine Redwood City.

If you’re looking for a multi-unit residential income asset with a straightforward three-unit structure, this property’s 2/1 plus two 1/1 configuration is the core feature to evaluate.

Key Highlights

  • Triplex in San Mateo County with 3 units: one 2‑bed, 1‑bath plus two 1‑bed, 1‑bath units
  • Built in 1949
  • Some units include washer/dryer

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Law Firm Dental Office Hair Salon Auto Repair Shop

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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby

Demographics for 94303, CA

48,281
Population
15,927
Households
3
Avg Household Size
35
Median Age
48%
College-Educated
85%
High-School Grad
8.4 sq mi
ZIP Area
5,748
Density / Sq Mi
$148,031
Median Household Income
$55,788
Median Earnings
$2,710
Median Rent
$1,825,000
Median Home Value

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?
Triplex - Triplex with one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units in San Mateo County.
Where is this triplex located?
The property is located at 2121 Addison Avenue East Palo Palo Alto, CA.
What is the asking price?
The asking price for this property is $918,000.
What are key features of this property?
This property features: Triplex in San Mateo County with 3 units: one 2‑bed, 1‑bath plus two 1‑bed, 1‑bath units; Built in 1949; Some units include washer/dryer
More about this property
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