251 Middlefield Road, Palo Alto, CA 94301
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
251 Middlefield Road,Palo Alto, CA 94301
$7,988,000
- - Beds
- - Baths
- 5,939 sq. ft.
- Multi-family
- Active
Listed by: bilal sadek
Office: engel & volkers roseville
MLS#:226026984
Source:MFMLS
Price summary
- Price:$7,988,000
- Price per sq. ft.:$1,345.01
About this home
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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Home facts
- Year built:1915
- Listing ID #:226026984
- Added:1 day(s) ago
- Updated:March 07, 2026 at 03:45 PM
Rooms and interior
- Flooring:Linoleum, Vinyl
- Living area:5,939 sq. ft.
Heating and cooling
- Cooling:Wall Unit(s)
Structure and exterior
- Year built:1915
- Building area:5,939 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Auto Sprinkler F&R
- Construction Materials:Frame, Stucco
- Foundation Description:Raised Foundation, Slab
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$7,988,000
- Price per sq. ft.:$1,345.01
Features and amenities
- Laundry features:In Common Area
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