140
See all 139 photos
$8,500,000
Est. payment /mo
10,001 Sqft Lot
New
251 Middlefield RD Palo Alto, CA 94301
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82009484
HOA Y/N No
Year Built 1915
Annual Tax Amount $106,250
Lot Size 10,001 Sqft
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R1
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 2
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Palo Alto
School District Palo Alto Unified
Others
Tax ID 00301076
Special Listing Condition Standard
Listed by Helen Chong • Real Brokerage Technologies