301 College Avenue, Palo Alto, CA 94306 (MLS # ML82064694)
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Rare opportunity to own an exceptionally spacious triplex in Palo Altos desirable College Terrace neighborhood, offering approximately 4,350 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 10/17/2026 |
|---|---|---|---|
| YEAR BUILT | 1968 | COMMUNITY | 699 - Not Defined |
| COUNTY | Santa Clara | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| Elementary School | Other |
|---|---|
| Jr. High School | Other |
| High School | Palo Alto |
| ADDITIONAL DETAILS | |
| AIR | Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Double Oven, Electric Cooktop, Refrigerator, Vented Exhaust Fan |
| AREA | 699 - Not Defined |
| LOT | 6573 sq ft |
| LOT DIMENSIONS | 6575 |
| PARKING | Carport |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 3585 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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