251 Middlefield Rd, Palo Alto, CA 94301

• 11 beds |
• 10 baths |
• 5,939 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

April 17, 2026 at 2:33PM

Listing Office:

Engel & Volkers Roseville : 7681222

Listing Agent:

Bill R Sadek : 916 7681222

MLS ID:

226026886

Interior

• Rooms: Bedroom(s)Dining RoomFull Bath(s)Kitchen
• Kitchen: Stone CounterKitchen/Family Combo
• Appliances: Free Standing Gas RangeGas Cook TopBuilt-In RefrigeratorHood Over RangeDishwasherMicrowaveFree Standing Gas Oven
• Dining: Space in Kitchen
• Living Room: Great Room
• Laundry: SinkHookups OnlyInside AreaInside Room
• Basement: Finished
• Flooring: LinoleumTileVinylWoodOther
• A/C: Ceiling Fan(s)Wall Unit(s)Window Unit(s)
• Heating: MultiZoneOther
• Fireplace: Wood BurningFireplaces: 2

Exterior

• Parking: OtherParking spaces: 0

Construction

• Roofing: Composition
• General: StuccoFrameWoodRaisedSlab

Location

• HOA Amenities: 0.0
• Originating MLS: MLS Metrolist
• School District: Santa Clara
• County: Santa Clara

Lot

• Topography: Level
• Zoning: 003-01-076
• View: Downtown

Utilities

• Utilities: PublicOther
• Water: Public
• Sewer: Public Sewer

Financial

• Source: MLS Metrolist