
Palo Alto, California 94306
Rare opportunity to own an exceptionally spacious triplex in Palo Altos desirable College Terrace neighborhood, offering approximately 4,290 sf of living space across three substantial residences. The front residence is the largest, a two-story 3-bedroom, 2.5-bath home with generous living areas and laminate flooring. The middle residence offers 3 bedrooms and 2 baths on one level, while the private rear two-story 2-bedroom, 2-bath residence features its own patio and direct access to covered carport parking. Each unit offers unusually spacious rooms and a level of livability rarely found in a three-unit property. Additional amenities include six covered carport spaces, storage, and shared laundry. Ideally located near Stanford University, California Avenue shopping and dining, Caltrain, and major Silicon Valley employment centers, the property offers an exceptional combination of location, size, and long-term potential. Current rents are below market providing future income-growth potential. This is a unique opportunity for an investor or future owner-occupant seeking in-place income, long-term rental upside, and a substantial multifamily property in one of Palo Altos most desirable neighborhoods.
Property is moderate renovation needed.
Built in 1968, this triplex is well-maintained but dated. While it features some newer laminate flooring and updated bathroom vanities, the kitchens are significantly aged with original-style wood cabinetry, tile countertops, and older appliances that exceed the 20-year threshold for modern standards.
High School: Palo Alto High School (9/10).
Situated in one of Palo Alto's most desirable neighborhoods, this property offers exceptional proximity to Stanford University, California Avenue shopping, and major Silicon Valley tech hubs, ensuring high tenant demand and long-term value.
With approximately 4,350 square feet of living space, the units are unusually large for a triplex, featuring substantial floor plans including a 3-bedroom front residence that provides a single-family home feel.
Built in 1968, the property likely requires modernization of systems and finishes to compete with newer luxury rentals and to maximize the potential of its premium Palo Alto location.
The reliance on shared laundry facilities and open carport parking rather than private garages or in-unit laundry may be a drawback for high-end tenants seeking maximum privacy and convenience.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,290 | 2,730.5 |
| Lot Size | 6,575 | 6,525.333 |
| Price | $4.00M | $2.83M |
| Price per sq ft | $931 | $1.1K |
| Built year | 1968 | 1957 |
| HOA | $0 | $0 |
| Days on market | 7 | 69 |
Oct 17, 2026
$3,995,000
Initial Listing