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University South Multifamily Home for Sale

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    $3,240,000

    • 3 Beds
    • 4 Baths
    • 2,274 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

Why Live in University South

University South in Palo Alto, CA, retains its college town charm with walkable streets, historic architecture, and highly rated schools. The neighborhood includes Professorville, known for its early 20th-century homes built by Stanford University professors. Residents enjoy proximity to downtown Palo Alto, Town and Country Village, Stanford University, and Stanford Shopping Center. Dining options include Tamarine, offering Vietnamese-inspired dishes, and Evvia Estiatorio, known for traditional Greek cuisine. Both restaurants are featured in the Michelin Guide. Shopping is convenient with national retailers at Town & Country Village and upscale options at Stanford Shopping Center. The weekly Downtown Palo Alto Farmers Market and grocery stores like Whole Foods Market and Trader Joe’s provide fresh produce and essentials. Professorville features historic Craftsman and Colonial Revival homes with brown shingle siding and gambrel roofs, while more modern homes and condos are found near University Avenue. Heritage Park and Rinconada Park offer recreational spaces, with the latter featuring a redwood grove, sports fields, and a swimming pool. The Lucie Stern Community Center hosts community theater, and the Stanford Theater screens classic movies with live organ music. Annual events like the May Fete Parade and Palo Alto Festival of the Arts bring the community together with parades, fairs, and art expos. University South has low crime risk compared to the national average and is well-connected with bike lanes, sidewalks, and public transportation options, including Caltrain and several bus services. Major roads like University Avenue and Embarcadero Road connect to U.S. Highway 101, and San José Mineta International Airport is 16 miles away. Local schools, including Addison Elementary, Frank S. Greene Middle, and Palo Alto High, are highly rated, contributing to the neighborhood's appeal for families.

Home Trends in University South, CA

Housing Trends

Median Sale Price
$1,650,000
Median Single Family Sale Price
$1,650,000
Median 1 Bedroom Sale Price
$520,000
Average Price Per Sq Ft
$512
Number of Homes for Sale
3
Last 12 months Home Sales
30
Months of Supply
1.20
Median List Price
$1,650,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
126%
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