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Renovated Multifamily Apartment Building

251 Middlefield Road Palo Alto, CA 94301

251 Middlefield Road, Palo Alto, CA, 94301
$7,500,000
For Sale
Claim this Listing
$7,500,000

Other - Palo Alto, CA

Lot Size0.23 Acres
AddedJul 3
Days on Market13
Last RefreshJul 15 at 5:06 pm

Property Features for 251 Middlefield Road

General Information

Property type
Other
Property subtype
Multi Family
Zoning
R1
Parking features
Other
Interior features
Vaulted Ceiling(s)
Fireplace
1
Appliances
Cooktop, Cooktop - Gas, Dishwasher, Microwave, Refrigerator, Refrigerator - Built-in, Washer
Standard status
Active
APN
003-01-076
Lot size
0.23 Acres

Utilities

Heating system
Fireplace(s), See Remarks (Heating)
Cooling system
Ceiling Fan(s), Multi Units, Wall Unit(s), Window Unit(s)

Building Details

Year built
1915
Flooring type
Linoleum, Tile, Vinyl, Wood
Architectural style
Other

Listing agent Bilal Sadek

Listing office Engel & Völkers Roseville 1198 Roseville Parkway, Suite 165, Roseville, CA

Listing date Jul 3, 2026

MLS# 226026984 Listing URL

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.

This multifamily apartment building was originally built in 1915 and completely reimagined in 2019. The property offers seven residential units featuring stainless steel appliances, granite countertops, hardwood and tile flooring, skylights, vaulted ceilings, double-pane windows, and designer finishes. Units include energy-efficient mini-split systems, and select residences offer central heating. Centralized laundry supports day-to-day living, and the landscaped grounds are maintained with automated drip irrigation.

The property is fully occupied and is currently used by most tenants as corporate housing. A portion of the building also includes an approximately 2,868-square-foot finished basement with private access, a kitchenette, and a bathroom, not included in official living square footage. Zoning is listed as R1. The offering is described as being blocks from Stanford University and near vibrant downtown Palo Alto, with strong rental demand tied to nearby technology employers.

Key Highlights

  • Rare trophy multifamily investment property in Palo Alto, a highly desirable and supply‑constrained market.
  • Prime location blocks from Stanford University and downtown Palo Alto, near major tech employers.
  • Completely renovated in 2019, blending historic architecture with modern luxury and high‑end finishes.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

(Bike/Boat/Book/etc) Store Storage Facility Grocery & Convenience Store Locksmith Barber Shop HVAC Service Auto Parts Store Mobile Phone Store (Bike/Boat/Book/etc) Store Fish Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Seven renovated residential units in a 1915 building reimagined in 2019, with on-site 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: Rare trophy multifamily investment property in Palo Alto, a highly desirable and supply‑constrained market.; Prime location blocks from Stanford University and downtown Palo Alto, near major tech employers.; **Completely renovated in 2019**, blending historic architecture with modern luxury and high‑end finishes.
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