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Three-Unit Residential Property
New
For Sale
$2,200,000

2571 Alma ST, Palo Alto, CA 94301

Residential Income (2-4 units), PALO ALTO, CA

Property Size1,822 SF
Lot Size0.14 Acres
Price / SF$1,207
Days on Market3

Property Features for 2571 Alma ST

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning RM3
Bedrooms 4
Rooms Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Parking 1
Parking features Assigned
Appliances Cooktop - Gas, Countertop - Granite, Dishwasher
Subdivision Midtown
Standard status Active
Size 1,822 SF
Lot size 0.14 Acres

Utilities

Heating system Wall Furnace
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1955
Number of units 3
Roof type Metal
Listing Agency: Christie's International Real Estate Sereno
Listed By: Keerthi Naidu · License #02221880
Added: Sep 15 Last Checked: Sep 17 at 1:06PM
MLS# ML82057295

Copyright © 2026 MLS Listings, Inc. 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 1,822-square-foot triplex on a 0.1389-acre parcel contains three residences: one two-bedroom, one-bath unit and two one-bedroom, one-bath units. The larger residence includes a private patio, while each one-bedroom unit has assigned parking. Built in 1955, the property has a metal roof, wall-furnace heating, wall-unit cooling, and public water service. Interior features include gas cooktops, granite countertops, and dishwashers.

Located at 2571 Alma Street in Palo Alto, the property is near California Avenue, the California Avenue Caltrain station, and the shops, restaurants, and cafés in that corridor. RM3 zoning and the existing three-unit configuration provide a clearly defined residential income property profile.

Key Highlights

  • Three residences: one 2‑bedroom unit and two 1‑bedroom units
  • 1,822 square feet on a 0.1389‑acre parcel
  • RM3 zoning with existing triplex configuration

Property Analytics

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Current Use

SAI Medical Billing ... Accounting Firm

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

2,628
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - RM3-zoned property with three residences, assigned parking, and public water service.
Where is this triplex located?
The property is located at 2571 Alma ST Palo Alto, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Three residences: one 2‑bedroom unit and two 1‑bedroom units; 1,822 square feet on a 0.1389‑acre parcel; RM3 zoning with existing triplex configuration
More about this property
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