301 College Avenue Palo Alto, CA $ 3,995,000
301 College Avenue
$ 3,995,000
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301 College Avenue

Palo Alto, CA, 94306
$ 3,995,000
Bedrooms-- Baths0.0 Sq 4,290

Monthly Estimate*

$ 27,592

Listed by Bouja & Swenson G..., Golden Gate Sotheby's International Realty, boujaswenson@ggsir.com
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Multi-Family Home for sale in Palo Alto, CA

for $3,995,000. This 4,290 square foot home was built in 1968 on a lot size of 0.1509.

Rare opportunity to own an exceptionally spacious triplex in Palo Altos desirable College Terrace neighborhood, offering approximately 4,350 sf of living space across three substantial residences. The front residence is the largest, a two-story 3-bedroom, 2.5-bath home with generous living areas and laminate flooring. The middle residence offers 3 bedrooms and 2 baths on one level, while the private rear two-story 2-bedroom, 2-bath residence features its own patio and direct access to covered carport parking. Each unit offers unusually spacious rooms and a level of livability rarely found in a three-unit property. Additional amenities include six covered carport spaces, storage, and shared laundry. Ideally located near Stanford University, California Avenue shopping and dining, Caltrain, and major Silicon Valley employment centers, the property offers an exceptional combination of location, size, and long-term potential. Current rents are below market providing future income-growth potential. This is a unique opportunity for an investor or future owner-occupant seeking in-place income, long-term rental upside, and a substantial multifamily property in one of Palo Altos most desirable neighborhoods.

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Multi-Family Active

Price

$ 3,995,000

Property Type

Multi-Family

Taxes

$ 3,585

Style

Lot Size

0.1509

Year Built

1968

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82064694

Days on Market

2

Features
General
Living Area 4290
Sewer Public Sewer
Cooling Gas
Roof Composition
Appliances Double Oven Dishwasher Electric Cooktop Disposal Refrigerator Vented Exhaust Fan
Zoning RM3T
Garage Spaces 0
Year Built 1968
Property Subtype Triplex
Accessibility None
County Santa Clara
Insurance Expense 2000
Property Type Residential Income
HOA false
MaintenanceExpense 3700
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Cross Street: El Camino and California
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 6575
Carport Spaces 6
Carport Y/N true
Elementary School Other
Tax Annual Amount 3585
Middle/Junior High School Other
Trash Expense 0
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Triplex
Cap Rate 3.23
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Interior
Flooring Carpet Laminate
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features Carport
Water Source Public
Total Parking 0
Lot Size Area 6575
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 4290
Lot Size Acres 0.1509
Lot Size Source Assessor
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* Excluded Features
List By
Bouja & Swenson G...

Listing Agent

Golden Gate Sotheby's International Realty

Broker

boujaswenson@ggsir.com

Email

Affordability Calculator

$27,891
Per Month
99%
1%
0%
Monthly Principal & Interest
$27,592
Monthly Property Taxes
$299
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
0 Elementary School
0 Middle School
Palo Alto High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2026$3,995,000 Listed Price

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301 College Avenue, Palo Alto, CA, 94306 is a Multi-Family Home for sale at $3,995,000 with 4,290 sqft and a lot size of 0.1509. 301 College Avenue has 0.0 baths and was built in 1968. The property's zip code is 94306 which is in Palo Alto, CA