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-
MLS #
ME226026984
MLS Source
MetroList Services, Inc.
Days on Site
4
Appliances
Cooktop - Gas, Dishwasher, Microwave
Flooring
Linoleum, Tile, Vinyl, Wood
Cooling
Ceiling Fan, Window/Wall Unit
Heating
Fireplace
Foundation
Raised, Slab
Garage/Parking
Other, Garage: 0 Car(s)
Elementary District
Palo Alto Unified
High School District
Palo Alto Unified
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
R1
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 0 | 7 |
251 Middlefield Rd is a Residential Income in Palo Alto, CA 94301. This 5,939 square foot property sits on a 10,001 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $7,988,000 and was built in –. This address can also be written as 251 Middlefield Rd, Palo Alto, CA 94301.
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This listing information is up-to-date as of March 10, 2026. For the most current information, please contact Bilal Sadek, (916) 768-1222