251 Middlefield Road
Palo Alto, CA, 94301
$
7,988,000
Bedrooms11
Baths9.1
Sq
5,939
Monthly Estimate*
$
49,183
for $7,988,000 with 11 bedrooms and 9 full baths, 1 half bath. This 5,939 square foot home was built in 1915 on a lot size of 0.2296.
Rare trophy multifamily investment opportunity in the heart of Palo Alto, just blocks from Stanford University and vibrant downtown. Located at 251 Middlefield Rd, this iconic property was originally built in 1915 and completely reimagined in 2019, seamlessly blending historic architecture with modern luxury and high-end construction. The building features seven beautifully renovated residential units, each finished with premium materials and thoughtful design. Interiors include stainless steel appliances, granite countertops, hardwood and tile flooring, skylights, vaulted ceilings, double-pane windows, and designer finishes throughout. Units are equipped with energy-efficient mini-split systems, with select residences offering central heating for year-round comfort. The impressive penthouse residence exceeds 2,000 sq ft, offering three bedrooms, a spacious office, and two bathrooms, while the main ground-floor unit spans over 1,400 sq ft and features two luxurious master suites. Exceptional curb appeal with professional landscaping enhances the property's timeless appeal. The property also includes an approximately 2,868 sq ft finished basement (not included in the official living square footage) with private access, kitchenette, and bathroom, providing excellent value-add potential for additional income or flexible use. Additional amenities include a centralized laundry facility and automated drip irrigation for the landscaped grounds. Most units are currently utilized as corporate housing, driven by strong employment demand from nearby global technology employers including Google, Apple, Meta, and Hewlett-Packard. Fully occupied and ideally positioned, this property offers stable income, strong rental demand, and long-term appreciation potential in one of Silicon Valley's most desirable and supply-constrained markets. A rare opportunity to acquire a fully renovated legacy asset near world-class universities, technology campuses, renowned restaurants, cafs, parks, and premier amenities.
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Features
General
Sewer
Public Sewer
Heating
MultiZone
Other
Cooling
Ceiling Fan(s)
Wall Unit(s)
Window Unit(s)
Utilities
Public
Roof
Composition
Appliances
Free Standing Gas Range
Gas Cook Top
Built-In Refrigerator
Hood Over Range
Dishwasher
Microwave
Free Standing Gas Oven
HOA Fee
0
Garage Spaces
0.0
Construction Materials
Stucco
Frame
Wood
Pets Allowed
No
Year Built
1915
Electric
Other
View
Downtown
Stories Count
2
Topography
Level
Property Subtype
Single Family Residence
Elevation
0
County
Santa Clara
Property Type
Residential
HOA
N
Total Rooms
0
Full Baths
9
Close Price
0.0
Status
Active
Directions
From US-101
take University Ave west toward Palo Alto/Stanford. Continue approximately 1 mile
then left on Middlefield Rd. Property will be on the right at 251 Middlefield Rd.
City
Palo Alto
Senior Community Y/N
N
High School District
Palo Alto Unified
Zoning Description
R1
Open Parking Spaces
0.0
MLS Area
Crescent Park
Lot Size Square Feet
10001.0
Carport Spaces
0.0
Home Warranty Y/N
N
Standard Status
Active
Middle/Junior School District
Palo Alto Unified
Elementary School District
Palo Alto Unified
Year Built Source
Assessor Auto-Fill
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Interior
Basement
Finished
Flooring
Linoleum
Tile
Vinyl
Wood
Other
Total Fireplaces
2
Fireplace Features
Wood Burning
Laundry Features
Sink
Hookups Only
Inside Area
Inside Room
Total Bedrooms
11
Entry Level
0
Kitchen Features
Stone Counter
Kitchen/Family Combo
Total Baths
10
1/2 Baths
1
Bedrooms Possible
0
Living Room Features
Great Room
Dining Room Features
Space in Kitchen
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Exterior
Parking Features
Other
Lot Features
Auto Sprinkler F&R
Other
Water Source
Public
Total Parking
0.0
Land Use
Residential
Foundation Details
Raised
Slab
Spa
N
Lot Size Acres
0.2296
Private Pool
N
Lot Size Source
Assessor Auto-Fill
Road Responsibility
Public Maintained Road
Horse Y/N
N
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* Excluded Features
List By
Engel & Volkers Roseville
Broker
Bill.Sadek@EVRealEstate.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $49,183
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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
Single family listings in Palo Alto, CA
Average List Price
$5,552,390
Percent of Sale Price
30%
About Palo Alto, CA
68,781
Population
15%
Since 2002
$
143,744
Median Income
43.54
Median Age
33%
Households with Children
Trends Information provided by ATTOM Data Solutions.
5415361
Elementary School
5415359
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
3/7/2026
|
$7,988,000
|
|
Listed Price
|