251 Middlefield Rd - Apartments FOR SALE


Palo Alto, CA 94301- Crescent Park
$8,500,000 USD
408-712-7692
251 Middlefield Rd, Palo Alto, CA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/127
null | 1.32% Cap Rate

251 Middlefield Rd
Palo Alto, CA 94301
Crescent Park


HIGHLIGHTS

  • Iconic 1915 architecture seamlessly restored and reimagined through a 2019 full renovation
  • A rare blend of historic charm and sophisticated modern luxury
  • Trophy multifamily asset in prestigious Palo Alto 94301
  • Timeless design featuring handcrafted stonework, rich hardwood floors, vaulted ceilings, and skylights
  • Finished basement with private entrance, kitchenette, and bath—offering flexibility for amenity space or additional income
  • Walkable to Stanford University and downtown Palo Alto, and within minutes of Google, Meta, HP, and leading Silicon Valley firms

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$922 USD /SF

# OF UNITS

7

PRICE/UNIT

$1,214,286

CAP RATE

1.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Palo Alto 7 Unit Trophy Asset

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R1

APN/PARCEL ID

003-01-076

ASK ABOUT THIS PROPERTY

Helen Chong , CCIMHaylen Real Estate InvestmentsMore Info
408-712-7692

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Helen Chong , CCIMHaylen Real Estate InvestmentsMore Info
408-712-7692

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.