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Marcos Mercado

marcos@mmsellshomes.com +1(916) 600-6085

$ 7,500,000

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Price Dropped by $488K

251 Middlefield RD Palo Alto, CA 94301

11 Beds

10 Baths

5,939 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,939 sqft

Price per Sqft $1,262

MLS Listing ID 226026886

Bedrooms 11

Full Baths 9

HOA Y/N No

Year Built 1915

Lot Size 10001.000 Acres

Acres 0.2296

Property Sub-Type Single Family Residence

Source MLS Metrolist

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.

Location

State CA

County Santa Clara

Area Crescent Park

Direction From US-101, take University Ave west toward Palo Alto/Stanford. Continue approximately 1 mile, then left on Middlefield Rd. Property will be on the right at 251 Middlefield Rd.

Rooms

Basement Finished

Guest Accommodations No

Living Room Great Room

Dining Room Space in Kitchen

Kitchen Stone Counter, Kitchen/Family Combo

Interior

Heating MultiZone, Other

Cooling Ceiling Fan(s), Wall Unit(s), Window Unit(s)

Flooring Linoleum, Tile, Vinyl, Wood, Other

Fireplaces Number 2

Fireplaces Type Wood Burning

Appliance Free Standing Gas Range, Gas Cook Top, Built-In Refrigerator, Hood Over Range, Dishwasher, Microwave, Free Standing Gas Oven

Laundry Sink, Hookups Only, Inside Area, Inside Room

Exterior

Parking Features Other

Utilities Available Public

View Downtown

Roof Type Composition

Topography Level

Private Pool No

Building

Lot Description Auto Sprinkler F&R, Other

Story 2

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Palo Alto Unified

Middle Schools Palo Alto Unified

High Schools Palo Alto Unified

School District Santa Clara

Others

Senior Community No

Tax ID 003-01-076

Special Listing Condition None

Pets Allowed No

Virtual Tour https://youtu.be/tgBjM-wj2JQ

Listed by Engel & Volkers Roseville

Marcos Mercado

Agent

+1(916) 600-6085

Marcos Mercado

251 Middlefield RD Palo Alto, CA 94301

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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251 Middlefield RD