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Renovated Multifamily Property For Sale
For Sale
$7,500,000

251 Middlefield Road, Palo Alto, CA 94301

Fully renovated property with rental income potential in Palo Alto.

Property Size8,807 SF
Price / SF$851.60
Days on Market103

Property Features for 251 Middlefield Road

General Information

Standard status Active
Size 8,807 SF
Property subtype Residential Income
Zoning R1

Amenities

Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Fireplace(s), See Remarks
Gas Cooktop, Built-In Refrigerator, Dishwasher, Microwave
Vaulted Ceiling(s)
Other

Building Details

Year Built 1915
Buildings 1
Stories 2
Listing Agency: Engel & Volkers Roseville
Listed By: Bilal Bill Sadek · License #00970296
Source: Evrealestate
Added: May 14 Changed: Aug 23 Last Checked: Aug 24 at 6:04AM

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 Engel & Volkers Roseville

Investment Insights

Based on property information with market context.

This fully renovated property offers a combination of luxury living and rental potential. The 8,807 square-foot property is suitable for investors or owner-occupiers, providing flexible options for income generation and lifestyle convenience. It is currently managed by Blueground for short and long-term corporate stays.

Key Highlights

  • Fully renovated property offering modern comfort.
  • Strong rental potential, ideal for investors.
  • Flexible options for income generation to suit your needs.

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Barber Shop Storage Facility Grocery & Convenience Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,893
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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Multifamily property - Fully renovated property with rental income potential in Palo Alto.
Where is this multifamily property 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: Fully renovated property offering modern comfort.; Strong rental potential, ideal for investors.; Flexible options for income generation to suit your needs.
More about this property
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