Renovated Seven-Unit Apartment
For Sale
$7,500,000
251 Middlefield Road, Palo Alto, CA 94301
Palo Alto, CA
Property SizeContact for details
Days on Market61
Property Features for 251 Middlefield Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Standard status
Active
Amenities
centralized laundry facility
Building Details
Year built
1915
Listing Agency:
Engel & Volkers Roseville · Engel & Völkers
(916) 768-1222
Listed By:
Bilal Sadek · License #00970296
Added: Jul 3
Changed: Aug 19
Last Checked: Sep 1 at 1:06PM
MLS# 226026984
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.
Investment Insights
Based on property information with market context.
Originally constructed in 1915 and comprehensively renovated in 2019, this seven-unit apartment property combines historic character with updated residential finishes. Units include stainless steel appliances, granite countertops, hardwood and tile flooring, skylights, vaulted ceilings, double-pane windows, designer details, and energy-efficient mini-split systems. Select residences also feature central heating.
The property includes a penthouse exceeding 2,000 sq ft with three bedrooms, an office, and two bathrooms, along with a ground-floor residence spanning over 1,400 sq ft and offering two master suites. A finished basement of approximately 2,868 sq ft, excluded from official living square footage, provides private access, a kitchenette, and a bathroom. Centralized laundry, professional landscaping, and automated drip irrigation serve the property.
The building is fully occupied, with most units currently used as corporate housing. It is located near Stanford University, downtown Palo Alto, global technology employers including Google, Apple, Meta, and Hewlett-Packard, as well as restaurants, cafes, parks, and other amenities.
The property includes a penthouse exceeding 2,000 sq ft with three bedrooms, an office, and two bathrooms, along with a ground-floor residence spanning over 1,400 sq ft and offering two master suites. A finished basement of approximately 2,868 sq ft, excluded from official living square footage, provides private access, a kitchenette, and a bathroom. Centralized laundry, professional landscaping, and automated drip irrigation serve the property.
The building is fully occupied, with most units currently used as corporate housing. It is located near Stanford University, downtown Palo Alto, global technology employers including Google, Apple, Meta, and Hewlett-Packard, as well as restaurants, cafes, parks, and other amenities.
Key Highlights
- Seven residential units renovated in 2019 within a building originally constructed in 1915
- Penthouse exceeds 2,000 sq ft and includes 3 bedrooms, an office, and 2 bathrooms
- Ground‑floor residence spans over 1,400 sq ft with 2 master suites
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,926
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property with renovated residences, a finished basement, centralized laundry, and landscaped grounds.
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: Seven residential units renovated in 2019 within a building originally constructed in 1915; Penthouse exceeds 2,000 sq ft and includes 3 bedrooms, an office, and 2 bathrooms; Ground‑floor residence spans over 1,400 sq ft with 2 master suites
