New

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$7,988,000

For Sale

17 hours ago

251 Middlefield Rd, Palo Alto, CA

House

MLS® 226026886

11 Bed

10 Bath

5939 sqft

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 5939 sqft

Garage No

Taxes

Days Active 0

Lot Size 0.2296 acres

Approx. Age 1915

Avg. Price Per Sqft $1,345

MLS® Number 226026886

Property Address: 251 Middlefield Rd, Palo Alto, CA, 94301

Average square foot calculated using Size range provided by listing agent.

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, cafs, parks, and premier amenities.

MLS® Number226026886

Laundry LevelSink, Hookups Only, Inside Area, Inside Room

Central VacNo

FireplaceNo

Acreage0.2296

Exterior

GarageNo

Approx. Age1915

BasementFinished

DrivewayOther

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 7, 2026List Date

$7,988,000List Price

Commute

Commute

Starting Address

Destination Address

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