251 Middlefield Road, Palo Alto, CA 94301
- $7,500,000
- 5,939
- SqFt
- List Price
- $7,500,000
- Price Change
- ▼ $488,000 1776829613
- MLS#
- 226026984
- Status
- ACTIVE
- Living Sq. Ft
- 5,939
- Square Footage
- 5939
- Type
- Single Family Residential
- Zip
- 94301
- City
- Palo Alto
Property Description
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, cafes, parks, and premier amenities.
Additional Information
- Land Area (Acres)
- 0.2296
- Year Built
- 1915
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Construction
- Stucco, Frame
- Foundation
- Raised, Slab
- Garage
- Other
- Floor Coverings
- Tile, Vinyl, Linoleum, Wood
- Laundry Description
- In Common Area, Laundry Closet, Washer/Dryer Hookups
- Kitchen Appliances
- Gas Cook Top, Built-In Refrigerator, Dishwasher, Microwave
- Cooling
- Ceiling Fan(s), Wall Unit(s), Window Unit(s)
- Heat
- Fireplace(s), See Remarks
- Water
- Public
- Utilities
- Sewer In & Connected
- Sewer
- Public Sewer
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Listing courtesy of Engel & Volkers Roseville.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .