637 Keats, Palo Alto, California 94303, Palo Alto, 94303 - 0 bed, 0 bath
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Palo Alto, California 94303
Analysis of 637 Keats, Palo Alto, California 94303 is currently available with a list price of $2,808,088. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a well-maintained 1963 duplex that is functional and tenant-occupied, but shows clear signs of age. While it features updated laminate flooring and modern laundry appliances, the kitchen and bathrooms remain largely dated with original 1960s-style tiling and older cabinetry. It meets the 'fair' criteria as an aged home maintained through regular upkeep but requiring modern updates to reach current market standards.
Situated in a centralized Palo Alto neighborhood, this property offers high long-term appreciation potential and consistent rental demand in one of the nation's most desirable real estate markets.
Each unit features a separate entry, individual garage, and private backyard, providing a single-family home feel that attracts high-quality, long-term tenants and commands premium rents.
The property is well-maintained with professional management and tenants already in place, offering immediate cash flow and a seamless transition for the new owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8276, other record lot size in square feet = 8400.
Originally built in 1963, the property may require future capital expenditures for system upgrades or modernizations to maintain its competitive edge and efficiency.
With a list price exceeding $2.8 million, the initial yield or cap rate may be lower compared to other investment markets, requiring a significant upfront capital investment.
Well maintained investment property located in centralized area in Palo Alto. Tenants in place with property management and ready for new ownership! Property has separate entry, individual garage and driveway parking. Spacious units with two bedrooms and two baths, ample storage and private backyards.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | - | 920 | 50% |
| Lot Size | 8,276 | 6,638 | 50% |
| Price | $2.81M | $1.90M | 50% |
| Price per sq ft | $0 | $271 | 50% |
| Built year | 1963 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 43 | 50% |
Apr 8, 2026
$2,808,088
Initial Listing