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301 College AVE, Palo Alto
$3,995,000
8 Beds ⋅ ML82064694 MLS
Rare opportunity to own an exceptionally spacious triplex in Palo Altos desirable College Terrace neighborhood, offering approximately 4,290 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.

301 College AVE, Palo Alto

Listing courtesy of Bouja & Swenson Group, 408-655-9398 from Golden Gate Sotheby's International Realty
(If provided) CoList: from

510 Waverley ST, Palo Alto
$3,450,000
ML82064622 MLS
Located in downtown Palo Alto, this mixed-use property is zoned CD-C(P) which allows for the second floor to be converted into residential. Ground floor is 2,570 square feet and leased to one office tenant and one retail tenant. Take advantage of up to 2,500 bonus square feet completing a historical upgrade to the building and use the bonus square footage to build out a residential unit on the second floor. The property is served by the Palo Alto Unified elementary school district. The building features central forced air heating and central air conditioning for year-round comfort. Notably, there is an exclusive parking area behind the building for 7 on site parking stalls. This property provides a value add opportunity for an investor interested in expanding the square footage of the property with a second floor residential unit, improving the ground floor rental rate with fresh cosmetic renovations.

510 Waverley ST, Palo Alto

Listing courtesy of David O'such, 650-465-1100 from Cornish & Carey Commercial
(If provided) CoList: from

207 Hawthorne AVE, Palo Alto
$3,990,000
5 Beds ⋅ ML82064495 MLS
The property is located at the corner of Emerson St and Hawthorne Ave. The unit at 171 Emerson Street is a two-bedroom, two-bath residence. 207 Hawthorne Avenue includes 3 existing 1-bedroom, 1-bath units plus a 1-bedroom, 1-bath ADU with permit issued. The 4-unit plus ADU configuration offers multiple rental income streams for established portfolio builders and an opportunity for buyers considering a residence with additional rental income, low maintenance and in a high demand area. Located in downtown Palo Alto, this unique property combines a residence with multiple rental units and proven income potential, while maintaining the warmth and appeal of a classic residential home rather than the feel of a multi-unit apartment complex. Proximity to University Avenue's restaurants, cafes, and boutiques. Nearby Johnson Park, Palo Alto Caltrain, and Stanford University enhances the locations residential and investment appeal. Top-rated local schools add significant value. Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. This is a compelling opportunity to establish or expand a real estate holding in desirable downtown Palo Alto.

207 Hawthorne AVE, Palo Alto

Listing courtesy of Lynne Tran, 408-891-7978 from Intero Real Estate Services
(If provided) CoList: from

546 Oxford AVE, Palo Alto
$5,600,000
5 Beds ⋅ ML82062479 MLS
Completed as new construction in 2025, this distinctive Palo Alto property presents a rare opportunity to own a modern, income-producing compound just moments from Stanford University and the vibrant California Avenue corridor. Fully leased to Stanford-affiliated tenants through June 15, 2027, the property generates approximately $22,000 per month ($264,000 in contracted annual rent)$16,000 from the main residence and $6,000 from the detached ADU. The approximately 2,608 sq. ft. main residence features 3 bedrooms, 2.5 baths, soaring ceilings, abundant natural light, white oak floors, a gourmet kitchen, loft office, and inviting indoor-outdoor living. The approximately 819 sq. ft. detached ADU offers 2 bedrooms, 1 bath, and its own private outdoor space. Location further enhances the property's rental appeal, with exceptional walkability to restaurants, cafés, the farmers market, shopping, banking, and everyday conveniences. Its proximity to Stanford University provides access to a strong and established tenant base, supporting sustained rental demand. A compelling combination of new construction, immediate income, flexible living arrangements, and an exceptional Stanford-area location.

546 Oxford AVE, Palo Alto

Listing courtesy of Jenny Wan-Mernyk, 650-278-1249 from Alliance Bay Realty
(If provided) CoList: from

311-317 Ramona ST, Palo Alto
$2,998,000
8 Beds ⋅ ML82062184 MLS
Located just a few blocks from University Avenue's dining, shops, and retail, this well-maintained 4-unit multi-family offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. The desirable unit mix consists of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, totaling 3,169 SF across the building, on a 5,100 SF lot. Each unit benefits from a private yard space or a balcony. 4 garage bays. Built in 1963, the property has recently completed all required SB-721 balcony work as of July 2026, with full clearance and permitting in place. Two units offer in-unit laundry, with the remaining two served by an on-site shared laundry room. The property offers meaningful upside across all four units, with rents currently below market. 94301 has posted consistent year-over-year rent growth, outperforming the broader metro and reflecting strong submarket fundamentals, stable cash flow today, plus a clear path to further rent growth. This property can be purchased individually or as a combined 12-unit portfolio with the adjacent 5-unit property at 252-262 Everett Avenue and triplex at 270 Everett. Incredible opportunity!

311-317 Ramona ST, Palo Alto

Listing courtesy of Kelly Griggs, 650-464-1965 from Coldwell Banker Realty
(If provided) CoList: Billy McNair from Coldwell Banker Realty

2571 Alma ST, Palo Alto
$2,200,000
4 Beds ⋅ ML82057295 MLS
A rare opportunity just moments from California Avenue and the California Avenue Caltrain station, 2571 Alma Street is a well-maintained Palo Alto triplex offering flexibility, income potential, and an exceptional location. The property features three residencesa two-bedroom, one-bath unit with large private patio and two one-bedroom, one-bath unitseach with dedicated parking. Ideal for investors, multi-generational living, or an owner-occupant looking to offset their mortgage with rental income, the property offers multiple possibilities for both immediate use and long-term value. Its versatile unit mix makes it an attractive addition to a rental portfolio or a unique opportunity to live in one unit while generating income from the others. Enjoy convenient access to the shops, restaurants, and cafés along California Avenue, nearby Caltrain, and major Silicon Valley employers. A compelling opportunity to own a multi-unit property in one of the Bay Areas most desirable markets.

2571 Alma ST, Palo Alto

Listing courtesy of Keerthi Naidu, 650-283-2982 from Christie's International Real Estate Sereno
(If provided) CoList: from

837 Cowper ST, Palo Alto
$11,000,000
5 Beds ⋅ ML82056833 MLS
* Nestled in the heart of Downtown Palo Alto University South, one of Palo Altos most desirable neighborhood and a few minutes away from Palo Alto CALTrain station. * The property presents a rare opportunity to own a 14-unit multi-family property offering both strong income and long-term growth potential. * Built in 1961 on an expansive 17,500 sqft (0.40 acre) lot, this 2-story building features approximately12,830 sqft of living area, (740-1100 sqft per unit, buyer to verify square footage). * All the units have 3-4 sided independent walls & balconies, granite slab, newer appliances and fixtures. Most have dishwasher, washer and dryer in unit. * The property's beautifully landscaped grounds are a standout feature with a variety of mature fruit trees & a peaceful garden courtyard that creates a serene atmosphere for residents. * The 1- & 2-bed apartments' actual rents ($2,900 -$5,100/mo) in one of the regions strongest rental markets. * 11 units were remodeled in 2022-2023 and the rest of 3 units were updated approximately 10 years ago. * Roof, gutter, furnaces, windows, hot water heaters, circulator etc. were replaced over the years of ownership. * Ample off-street permitted parking & on-site laundry facilities. * Deck, property & termite reports available. * An A+ property.

837 Cowper ST, Palo Alto

Listing courtesy of Monica Yeung Arima, 650-888-4116 from Yarkin Realty
(If provided) CoList: from

1061 Alma ST, Palo Alto
$3,500,000
4 Beds ⋅ ML82053370 MLS
Located 5 minutes from downtown Palo Alto, 1061 Alma Street presents a rare and exceptionally well-situated investment opportunity. This prime fourplex offers stable cash flow with significant long-term appreciation potential in one of the world's most desirable real estate markets. The property features a highly functional layout with strong tenant appeal, making it an ideal addition to any investment portfolio or a perfect candidate for a 1031 exchange. Its distinct curb appeal, complete with a classic white picket fence and low-maintenance landscaping, stands out in a high-demand rental corridor Positioned just blocks from University Avenue, residents enjoy immediate access to world class dining, premier retail, and public transit. Proximity to Stanford University, major Silicon Valley tech campuses, and top-tier local schools ensures a consistent, high-quality tenant pool for years to come

1061 Alma ST, Palo Alto

Listing courtesy of Ephan Liu, 650-741-1466 from Wilbur Properties
(If provided) CoList: from

2609-2617 Alma ST, Palo Alto
$2,500,000
8 Beds ⋅ ML82049055 MLS
Incredible opportunity for an apartment investor to renovate all units day one. 2609 - 2617 Alma Street presents a rare chance to acquire a 4-unit multifamily property in one of Silicon Valleys most sought-after residential neighborhoods. Located steps from the California Avenue Caltrain Station, the property offers an investor a clear path to renovation and full market-rate stabilization with meaningful upside in a fundamentally supply-constrained market. Redevelopment path also available - Approved development entitlement for 4 detached 3-story townhomes (For Rent homes only - not For Sale project). California Ave, just a couple blocks away (10 min walk or 3 min bike using the pedestrian underpass), is Palo Alto's most historic shopping district, featuring numerous shopping, dining, and professional services. With the heart of Stanford University being just 3-miles away, it offers a wide variety of attractions and experiences, including the Stanford Oval, hiking at the Stanford dish trailhead, and Stanford sports facilities and arenas. The property is strategically surrounded by one of the strongest employment centers in the world, driven by technology, venture capital, healthcare, and higher education.

2609-2617 Alma ST, Palo Alto

Listing courtesy of Matthew Thomson, 650-515-6555 from Compass
(If provided) CoList: Bryan Danforth from Compass

183 Everett AVE, Palo Alto
$3,250,000
3 Beds ⋅ ML82044036 MLS
Don't miss this exceptional investment opportunity at 183 Everett Ave, ideally located in the vibrant heart of Downtown Palo Alto. This well-maintained triplex offers a rare chance to own prime Silicon Valley real estate in one of the region's most sought-after locations. The property features a versatile unit mix, including one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one studio. All existing units have been thoughtfully updated with modern kitchens, bathrooms, and flooring, and include the convenience of in-unit washers and dryers. This property presents strong income potential with room for future growth and value appreciation. Unbeatable location just steps from Downtown Palo Alto's renowned dining, shopping, and entertainment, including the historic Stanford Theatre. Less than a mile to Stanford University and close to the Stanford Shopping Center, this property offers exceptional convenience and long-term investment appeal. A rare opportunity in a premier location- don't miss it!

183 Everett AVE, Palo Alto

Listing courtesy of Cathy Liu, 408-826-2548 from Realty Innova
(If provided) CoList: from

board logoBased on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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