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    Palo Alto, CA Multifamily Properties for Sale

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    20 properties
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    Renovated Multifamily Apartment Building
    Updated: Jul 3
    Renovated Multifamily Apartment Building

    251 Middlefield Road, Palo Alto, CA 94301

    $7,500,000
    0.23 AC lot
    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.
    Seven beautifully renovated residential units with premium materials, stainless steel appliances, granite countertops, and designer finishes.
    Significant value‑add potential with a 2,868 sq ft finished basement including private access, kitchenette, and bathroom.
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    Single-Story Duplex Investment
    Updated: Jul 15
    Single-Story Duplex Investment

    2725 Byron Street, Palo Alto, CA 94306

    $2,300,000
    1,729 sqft
    Single‑story duplex built in 1939 with two oversized units
    Unit mix: (1) 3+1 and (1) 1+1
    Each unit includes its own laundry
    Individual water heaters for each unit
    Large, attractively landscaped yards
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    Triplex with Private Patios
    Triplex with Private Patios

    1751 Alma St, Palo Alto, CA 94301

    $2,300,000
    1,716 sqft 0.16 AC lot

    Triplex built in 1951 offering one- and two-bedroom units with in-unit W/D, air conditioning, and private patios.

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    Six-Unit Multifamily on Adjacent Parcels
    Six-Unit Multifamily on Adjacent Parcels

    2106 Williams Street, Palo Alto, CA 94306

    $4,990,000
    4,138 sqft

    Acquire two neighboring multifamily properties totaling six units in Palo Alto’s College Terrace neighborhood.

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    Spanish Colonial Revival Apartment Building
    Spanish Colonial Revival Apartment Building

    530 Webster Street, Palo Alto, CA 94301

    $10,500,000
    11,035 sqft

    16-unit apartment building on a landscaped courtyard, featuring Spanish Colonial Revival architecture and a mix of studios and one-bedrooms.

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    Triple-Wide Mobile Home with Porch
    Triple-Wide Mobile Home with Porch

    242-1215 Anchors Way Dr, Ventura, CA

    $659,000
    1,944 sqft

    Triple-wide, 3-bedroom, 2-bath home with an open living area, fireplace, and dual pane windows in a 55+ community.

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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    2609-2617 Alma Street, Palo Alto, CA 94306

    $2,500,000
    2,232 sqft

    For sale quadplex-style multifamily building with four units at 2609–2617 Alma Street.

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    Apartment Building with Coin Laundry
    Apartment Building with Coin Laundry

    727-729 Waverley Street, Palo Alto, CA 94301

    $3,700,000
    3,535 sqft 0.17 AC lot

    Well-maintained multifamily property with eight units, updated improvements, and an on-site leased coin laundry facility.

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    Duplex Income Property
    Duplex Income Property

    727 - 729 Waverley Street, Palo Alto, CA 94301

    $3,700,000
    3,535 sqft

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

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    Renovated Multifamily Property For Sale
    Renovated Multifamily Property For Sale

    251 Middlefield Rd., Palo Alto, CA 94301

    $7,500,000
    8,807 sqft

    Fully renovated property with rental income potential in Palo Alto.

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    Updated Triplex with In-Unit Laundry
    Updated Triplex with In-Unit Laundry

    270 Everett Avenue, Palo Alto, CA 94301

    $2,300,000
    1,840 sqft

    Updated three-unit building with in-unit laundry, refreshed kitchens and baths, and two private patios.

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    Fourplex Income Property
    Fourplex Income Property

    1061 Alma Street, Palo Alto, CA 94301

    $3,500,000
    2,577 sqft

    Fourplex for sale near downtown Palo Alto, offering a four-unit rental configuration with low-maintenance landscaping.

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    Updated Triplex with In-Unit Laundry
    Updated Triplex with In-Unit Laundry

    183 Everett Avenue, Palo Alto, CA 94301

    $3,100,000
    1,335 sqft 0.07 AC lot

    Triplex for sale featuring one 2-bedroom, one 1-bedroom, and one studio with in-unit washers and dryers.

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    Triplex with Detached Garages
    Triplex with Detached Garages

    103 Tennyson Avenue, Palo Alto, CA 94301

    $2,988,000
    3,371 sqft 0.17 AC lot

    Triplex offering one flat and two townhome-style units, each with private detached garage parking and a patio or deck.

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    Apartment Building with On-Site Laundry
    Apartment Building with On-Site Laundry

    727729 Waverley St, Palo Alto, CA 94301

    $3,700,000
    0.17 AC lot

    Eight residential units include six 1-bedroom units plus two nonconforming bachelor studios and a coin-operated laundry facility.

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    Triplex Investment Property
    Triplex Investment Property

    Palo Alto, CA 94303

    $918,000

    Triplex with one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units in San Mateo County.

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    Six-Unit Multifamily with Gated Park Access
    Six-Unit Multifamily with Gated Park Access

    2110 Williams, Palo Alto, CA 94306

    $4,990,000

    Fourplex and duplex on two adjacent parcels with private outdoor space, covered parking, and gated access to Cameron Park.

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    Palo Alto Investment Property
    Palo Alto Investment Property

    643 Channing Avenue, Palo Alto, CA 94301

    $4,495,000
    4,735 sqft

    Turnkey investment property near downtown Palo Alto with income opportunity.

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    5-Unit Residential Income Property
    5-Unit Residential Income Property

    2965 Emerson St, Palo Alto, CA 94306

    $3,300,000

    Five-unit apartment building offered for sale in Palo Alto, CA.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    525 Hamilton Ave, Palo Alto, CA 94301

    $3,198,000

    Charming six-unit multifamily property described as fully leased in Downtown Palo Alto.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Palo Alto, CA, we suggest to view alternatives - similar 52 Off-Market properties to explore as potential leads.

    Off-Market Properties in Palo Alto, CA

    Consider similar Off-Market properties in Palo Alto, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2745 Byron St
    APARTMENT HOUSE (5+ UNITS)

    2745 Byron St, Palo Alto, CA 94306-2507

    $1,805,000
    Estimated value
    4,310 sqft 0.21 AC lot
    View details
    500 Palo Alto Ave
    APARTMENT HOUSE (5+ UNITS)

    500 Palo Alto Ave, Palo Alto, CA 94301-1213

    Value Estimation by Request
    6,442 sqft 0.29 AC lot
    View details
    430 Frst Ave
    APARTMENT HOUSE (5+ UNITS)

    430 Frst Ave, Palo Alto, CA 94301-2658

    Value Estimation by Request
    16,449 sqft 0.30 AC lot
    View details
    827 University Ave
    APARTMENT HOUSE (5+ UNITS)

    827 University Ave, Palo Alto, CA 94301-2132

    $4,505,000
    Estimated value
    5,321 sqft 0.29 AC lot
    View details

    Palo Alto, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Palo Alto, CA, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 52,529 square feet of properties for sale, with an estimated market value of $54,532,000.

    Sale prices for multifamily properties in Palo Alto, CA start at $659,000, averaging $3,895,142, and reaching up to $10,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 16
    Duplexes 10
    Triplexes 8
    Quadplexes 6
    Mobile home & RV parks 4

    Demographics Overview

    Population 114K
    Population Growth (5Y) +6.6%
    Median Household Income $159,150
    College Educated 91.5%

    High-Yield Neighborhoods for Investment

    Identify Palo Alto submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    94306 $4.4M
    94301 $5.2M
    94303 $25M

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $8.24 per SF
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Santa Clara County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Palo Alto fall within the 10,000 to 25,000 square foot range.

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