251 Middlefield Road
Palo Alto, CA, 94301
$
7,988,000
Baths0.0
Sq
5,939
Monthly Estimate*
$
49,183
Studio for $7,988,000. 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
See Remarks
Cooling
Wall Unit(s)
Utilities
Sewer In & Connected
Unit 4 Rent
0
Unit 2 Rent
0
Unit 3 Rent
0
Unit 1 Rent
0
HOA Fee
0
Garage Spaces
0.0
Construction Materials
Stucco
Frame
Year Built
1915
Stories Count
0
Topography
Level
Property Subtype
5 or More Units
Elevation
0
County
Santa Clara
Property Type
Residential Income
HOA
N
Total Rooms
0
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
High School District
Palo Alto Unified
Zoning Description
R1
Open Parking Spaces
0.0
Number Of Units Total
7
MLS Area
Crescent Park
Lot Size Square Feet
10001.0
Carport Spaces
0.0
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
Flooring
Vinyl
Linoleum
Total Stories
2
Unit 1 Full Baths
0
Unit 2 Full Baths
0
Unit 3 Full Baths
0
Unit1Bedrooms
0
Unit3Bedrooms
0
Laundry Features
In Common Area
Unit 1 Bedroom Units Total
4
Unit 2 Bedroom Units Total
1
Unit 3 Bedroom Units Total
1
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Exterior
Parking Features
Other
Lot Features
Auto Sprinkler F&R
Water Source
Public
Total Parking
0.0
Foundation Details
Raised
Slab
Number of Buildings
1
Lot Size Acres
0.2296
Lot Size Source
Assessor Auto-Fill
Covered Spaces
0.0
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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
Multi-family listings in Palo Alto, CA
Average List Price
$3,944,400
Percent of Sale Price
51%
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
|