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6-Unit Apartment Building
For Sale
$3,800,000

220 College Avenue, Palo Alto, CA 94306

Updated multifamily property with a mix of one- and two-bedroom residences near shopping, dining, transit, and Stanford campus.

Property Size4,878 SF
Price / SF$779.01
Days on Market163

Property Features for 220 College Avenue

General Information

Standard status Active
Size 4,878 SF
Property subtype 5+ Units / Five or More Units

Units

Unit Mix 4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 6

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $46,772

Amenities

No, Coin Operated, No, 4878, None, None
6

Building Details

Year Built 1968
Buildings 1
Listing Agency: Compass
Listed By: Bryan Danforth · License #01789680
Source: Compass
Added: Mar 23 Changed: Aug 31 Last Checked: Aug 31 at 10:20PM

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 Compass

Investment Insights

Based on property information with market context.

Built in 1968, this 4,878-square-foot apartment property contains six units: four two-bedroom, one-bath residences and two one-bedroom, one-bath residences. Four apartments include kitchen and bathroom improvements, while the remaining two have received interior updates. Building improvements include a 2023 roof, a fully upgraded main and subpanel electrical system completed in 2025, a 2022 water heater, dual-pane windows, a 2025 washer and dryer, and a driveway ramp replaced in 2025.

Located at 220 College Avenue in Palo Alto’s Evergreen Terrace neighborhood, the property sits on a quiet cul-de-sac near California Avenue. The source information places the building within a half-mile walk of Stanford campus, California Avenue, the Caltrain Station, Peers Park, Jerry Bowden Park, Stanford graduate housing, Palo Alto High School, Stanford Business Park, and shopping and dining along El Camino Real. The tuck-under carport area is identified for adding an ADU.

Key Highlights

  • Six‑unit configuration with four two‑bedroom/one‑bath units and two one‑bedroom/one‑bath units
  • 4,878 SF apartment property built in 1968
  • 2023 roof and 2025 electrical system upgrade covering main and subpanels

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Carpet & Flooring Store Florist Pet Grooming Service

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,077
Businesses Nearby

Demographics for 94306, CA

28,659
Population
11,853
Households
2.4
Avg Household Size
41
Median Age
81%
College-Educated
96%
High-School Grad
4.1 sq mi
ZIP Area
6,990
Density / Sq Mi
$186,479
Median Household Income
$112,500
Median Earnings
$2,927
Median Rent
$2,000,001
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?
Apartment building - Updated multifamily property with a mix of one- and two-bedroom residences near shopping, dining, transit, and Stanford campus.
Where is this apartment building located?
The property is located at 220 College Avenue Palo Alto, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Six‑unit configuration with four two‑bedroom/one‑bath units and two one‑bedroom/one‑bath units; 4,878 SF apartment property built in 1968; 2023 roof and 2025 electrical system upgrade covering main and subpanels
More about this property
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