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Duplex Income Property
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727 - 729 Waverley Street, Palo Alto, CA 94301

Two-unit income property positioned close to downtown Palo Alto and University Ave.

Property Size3,535 SF
Price / SF$947.67
Days on Market70

Property Features for 727 - 729 Waverley Street

General Information

Standard status Active
Size 3,535 SF
Property subtype Multifamily
Zoning RM-30
Investment Type Value Add
Net Operating Income $135,282

Building Details

Year Built 1904
Buildings 2
Units 8
Tenancy Multi
Listing Agency: Compass Commercial
Listed By: Bryan Danforth · License #CA 01789680
Source: Crexi
Added: Jun 4 Changed: Aug 7 Last Checked: Aug 11 at 1:05PM

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 Commercial

Investment Insights

Based on property information with market context.

727–729 Waverley Street is a duplex-style income property containing two apartment residences under one ownership. The offering is presented for buyers seeking a small multifamily asset.

The property is located about two blocks (approximately 100 yards) from the heart of downtown Palo Alto and University Ave, placing it within close reach of major shopping, dining, and business activity along that corridor.

This configuration can fit buyers looking for a straightforward, two-unit residential income investment in a highly walkable area near downtown Palo Alto and University Ave. The building’s compact scale may appeal to owners who prefer managing a small multifamily holding while remaining close to a central employment and amenity hub.

Key Highlights

  • Two‑unit income property at 727–729 Waverley St
  • Built in 1904
  • Located about 2 blocks (100 yards) from downtown Palo Alto

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,272
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?
Duplex - Two-unit income property positioned close to downtown Palo Alto and University Ave.
Where is this duplex located?
The property is located at 727 - 729 Waverley Street Palo Alto, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Two‑unit income property at 727–729 Waverley St; Built in 1904; Located about 2 blocks (100 yards) from downtown Palo Alto
(650) 274-5227 Call to check price and availability
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