628 Colorado Avenue Palo Alto, CA ^$ 3,588,800

628 Colorado Avenue

^$ 3,588,800

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Recently Listed

628 Colorado Avenue

Palo Alto, CA, 94306

^$ 3,588,800

Studio Baths0.0 Sq 3,822

Monthly Estimate*

^$ 22,097

Listed by Christie's International Real Estate Sereno

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Studio

Multi-Family Home for sale in Palo Alto, CA

for $3,588,800. This 3,822 square foot home was built in 1953 on a lot size of 0.1939.

This fourplex is a True Gem in the MidTown Palo Alto, Offering a unique chance for savvy investors to dive into a prime piece of real estate. The property boasts an impressive configuration of (4) 2 bedroom, 1 bath units. Additional features include Four Car Garages, and 2 extra parking spaces. Remodeled kitchens and bathrooms, hardwood floors and inside laundry with storage in each unit, with excellent layout setting. There's plenty of room to appreciate and grow. Fully rented out with high rental demand. Close to key amenities and landmarks, Stanford University, Stanford shopping Center, Midtown Shopping Center, University Downtown Palo Alto and Pearson-Aratradero Preserve-Hiker's Paradise. This Is a best gateway to the best of Palo Alto living! GREAT OPPORTUNITY!

Multi-Family Active

Price

^$ 3,588,800

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 21,978

Style

Lot Size

0.1939

Year Built

1953

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82031861

Days on Market

Features

General

Living Area 3822

Sewer Public Sewer

Heating Wall Furnace

Roof Composition

Appliances Dishwasher Disposal Refrigerator Vented Exhaust Fan

Zoning RM3

Garage Spaces 4

Year Built 1953

Property Subtype Quadruplex

Accessibility Parking

County Santa Clara

Insurance Expense 2847

Property Type Residential Income

HOA false

MaintenanceExpense 3100

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions Cross Street: Middlefield

High School Palo Alto

City Palo Alto

High School District Palo Alto Unified

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 8445

Carport Spaces 0

Carport Y/N true

Elementary School Other

Tax Annual Amount 21978

Middle/Junior High School Other

Trash Expense 0

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional Quadruplex

Cap Rate 3.15

Interior

Flooring Carpet Wood

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Parking Features Carport Off Street Unassigned

Water Source Public

Total Parking 2

Lot Size Area 8445

Foundation Details Concrete Perimeter

Number of Buildings 1

Building Area Total 3822

Lot Size Acres 0.1939

Lot Size Source Assessor

* Excluded Features

List By

Christie's International Real Estate Sereno

Broker

priscilla@sereno.com

Affordability Calculator

$23,928

Per Month

Monthly Principal & Interest: $22,097
Monthly Property Taxes: $1,832
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Palo Alto, CA

Average List Price ^$3,027,933

Percent of Sale Price 16%

About Palo Alto, CA

68,781 Population

15% Since 2002

^$143,744 Median Income

43.54 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

Palo Alto High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/21/2026	$3,588,800		Listed Price

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628 Colorado Avenue, Palo Alto, CA, 94306 is a Multi-Family Home for sale at $3,588,800 with 3,822 sqft and a lot size of 0.1939. 628 Colorado Avenue is a studio with 0.0 baths and was built in 1953. The property's zip code is 94306 which is in Palo Alto, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 1/24/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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628 Colorado Avenue

Multi-Family Home for sale in Palo Alto, CA

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