251 Middlefield Road, Palo Alto, CA 94301
- $8,500,000
- List Price
- $8,500,000
- Status
- ACTIVE
- MLS#
- ML82009484
- Year Built
- 1915
- Lot Size
- 10,000
- Acres
- 0.23
- Days on Market
- 109
- Property Type
- Commercial
Property Description
Constructed in 1915 and masterfully reimagined in 2019, this iconic multifamily residence stands as a rare trophy property in one of Palo Altos most prestigious neighborhoods. With its blend of historic architecture and contemporary refinement, it is designed for those who value heritage, craftsmanship, and enduring quality. Interiors are finished with top-tier materials and fixtures, including stainless steel appliances, granite countertops, hardwood and tile flooring, vaulted ceilings, skylights, and double-pane windows. Each unit offers an elevated living experience with mini-split systems and select central heating for year-round comfort. Most units currently serve as corporate housing due to job opportunities in the area, offering consistent rental demand. A finished basement with private access, kitchenette, and bathroom provides value-add opportunities for additional income. A centralized laundry room adds convenience for residents and management. Professionally landscaped grounds are maintained daily, with an automated drip system. Near world-renowned institutions and employers, including Stanford, Google, Meta, and HP, this fully occupied property offers stability and prestige. This is more than a multifamily asset, it is an investment in architectural legacy.
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Additional Information
- Taxes
- $106,250
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Composition
- Water
- Public
- School District
- Palo Alto Unified
- Elementary School
- Other
- Middle School
- Other
- High School
- Palo Alto
- Attached Structure
- Detached
- Gross Scheduled Income
- $423,255
Listing courtesy of Listing Agent: Helen Chong (helen@haylengroup.com) from Listing Office: Real Brokerage Technologies.
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