Palo Alto, CA Multifamily Homes & Duplexes for Sale

/20
$13,888,000
- 8 Beds
- 4 Baths
- 4,474 Sq Ft
231 Churchill Ave, Palo Alto, CA 94301

Rare opportunity to own a special property on a large lot in prestigious Old Palo Alto. The property features 4 cottages on an expansive flat 20,000 sq ft lot with mature trees. Each home has 2 bedrooms and 1 bath, outdoor private and fenced space and detached garages. This property gives you steady income while exploring its full of opportunites. Top rated Palo Alto Schools. Nearby Gamble

Vivian Jiang Maxreal

231 Churchill Ave, Palo Alto, CA 94301
Explore Palo Alto
/61
$2,999,888
- 6 Beds
- 3 Baths
- 2,222 Sq Ft
151 Colorado Ave, Palo Alto, CA 94301

Excellent opportunity in Palo Alto! Two Addresses. Prime location! Multiple Family Zoning. May rebuild a complex of multiple units. Great Opportunity to own an updated triplex in Palo Alto, live in one and receive rental income on other units. Perfect for corporate housing too. Beautiful ground level unit (2497 High Street) with front garden and bright and cheerful living room, plus a glass

Olivia Lee RE/MAX Gold Redwood Shores.

151 Colorado Ave, Palo Alto, CA 94301
/2
$2,888,000
- 3 Beds
- 4 Baths
- 2,448 Sq Ft
756 Waverley St, Palo Alto, CA 94301

Just blocks from the heart of downtown Palo Alto, this well-maintained triplex offers a rare chance to build long-term wealth in one of the country's most desirable cities. The property includes three distinct units: a 1-bedroom/1-bath, a 2-bedroom/1.5-bath two-story, and a studio with a full bath, each offering its own appeal. The two larger units feature updated kitchens, while the studio

Michael Repka Deleon Realty

756 Waverley St, Palo Alto, CA 94301
/36
$1,098,000
- 4 Beds
- 2 Baths
- 2,073 Sq Ft
1831 Woodland Ave, East Palo Alto, CA 94303

Welcome to this single-story duplex with two yards nestled on the west side of Highway 101 near the border of Palo Alto. Each unit has 2 bedrooms and 1 bathroom. Remodeled kitchens with dishwasher & oak cabinetry. Large and bright living and dining areas. Dual pane windows. Remodeled bathrooms with Kohler tubs and sliding glass shower door enclosures. New construction galvanized steel gutters.

David Lillo DPL Real Estate

1831 Woodland Ave, East Palo Alto, CA 94303
/23
$1,048,000
- 4 Beds
- 2 Baths
- 2,073 Sq Ft
1827 Woodland Ave, East Palo Alto, CA 94303

Welcome to this single-story duplex with two yards nestled on the west side of Highway 101 near the border of Palo Alto. Each unit has 2 bedrooms and 1 bathroom. Remodeled kitchens with dishwasher & oak cabinetry. Large and bright living and dining areas. Dual pane windows. Remodeled bathrooms with Kohler tubs and sliding glass shower door enclosures. New construction galvanized steel gutters.

David Lillo DPL Real Estate

1827 Woodland Ave, East Palo Alto, CA 94303
/8
$1,365,000
- 5 Beds
- 4 Baths
- 3,892 Sq Ft
1879 Woodland Ave, East Palo Alto, CA 94303

West of 101, South of University Ave. Great building with four one bedroom units, many updates, each unit has patio, one with large private yard. Plenty of parking. Large commercial live work space, endless opportunity with this space. Clean property, plenty of upside in rents, strong stable residents.

Scott Kilpatrick Compass

1879 Woodland Ave, East Palo Alto, CA 94303

California Santa Clara County Palo Alto

Why Live in Palo Alto

Stanford University shapes daily life in Palo Alto, with its stunning architecture, gardens, and cultural attractions like the Cantor Center for Visual Arts and Rodin Sculpture Garden drawing visitors year-round. The city features extensive outdoor recreation, from the popular hiking trails at The Dish to birdwatching at Baylands Nature Preserve. The upscale Stanford Shopping Center and diverse dining scene, including acclaimed restaurants like Evvia Estiatorio and Nobu Palo Alto, create a sophisticated atmosphere.

The Palo Alto real estate market features distinct neighborhoods with varying price points. Single family homes in Old Palo Alto and Crescent Park command the highest prices with a median of $5,600,000. Downtown North single family homes have a median price of $2,850,000. Condominiums present a more accessible entry point, with one-bedroom units at a median price of $819,000 and two-bedroom units at $1,200,000. Townhomes have a median price of $2,100,000.

Property taxes in Palo Alto remain competitive at 0.71%, compared to nearby Menlo Park and Redwood City at 0.61%. The California state income tax rate is 1.00% for yearly salaries of $41,901, with a combined sales tax rate of 8.80%.

The city maintains excellent public schools, including Henry M. Gunn High School and Palo Alto High School, both rated A+ by Niche. Private options include the A+ rated Castilleja School. Commuters benefit from convenient access to Silicon Valley jobs via Caltrain, reaching San Francisco in 45 to 60 minutes and San Jose in 20 to 30 minutes. The Mediterranean climate features warm summers with temperatures in the 70s°F and mild winters rarely below 40°F.

Learn more about living in Palo Alto

Home Trends in Palo Alto, CA

On average, homes in Palo Alto, CA sell after 23 days on the market compared to the national average of 52 days. The median sale price for homes in Palo Alto, CA over the last 12 months is $3,500,000, up 9% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$3,500,000

Median Single Family Sale Price

$3,900,000

Median Townhouse Sale Price

$2,004,000

Median 2 Bedroom Sale Price

$1,278,000

Median 1 Bedroom Sale Price

$808,000

Average Price Per Sq Ft

$1,812

Number of Homes for Sale

Last 12 months Home Sales

466

Months of Supply

2.30

Median List Price

$3,288,000

Median Change From 1st List Price

-3%

Median Home Sale Price YoY Change

Popular Home Searches in Palo Alto, CA

In the heart of Silicon Valley, Palo Alto buyers often look for charm, tech-friendly features, and quiet, tree-lined streets.

Love classic Bay Area charm? Explore craftsman style or mid-century modern homes in neighborhoods like Professorville.
Looking for green upgrades? Browse homes with solar panels or EV charging capabilities.
Need flexible indoor space? Consider properties with a home office or basements for added functionality.
Prioritize smart design? Check out homes with kitchen islands or vaulted ceilings.
Want a relaxing outdoor setup? Search for homes with a deck or rooftop deck for lounging or entertaining.

How to Buy a Home How to Finance a Home How to Sell a Home

In Palo Alto, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $1,048,000 to $13,888,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Palo Alto is $3,288,000, while the average sale price is $3,843,992, offering insights into the local housing market. On average, multi-family homes spend 23 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Palo Alto, CA.

Palo Alto Types of Homes for Sale

Palo Alto Real Estate Listings

Palo Alto New Construction Homes

More About Living in Palo Alto

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