301 College Avenue

Property Overview

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.

Home Details

Property type: Residential Income - Triplex
Year built: 1968
Living area: 4,290 sq ft
Lot size: 6,575 sq ft
Carport: 6 spaces
Stories: 2
Days on market: 0
MLS status: Active
Zoning: RM3T

Features & Amenities

Appliances

Double Oven
Dishwasher
Electric Cooktop
Disposal
Refrigerator
Vented Exhaust Fan

Parking

Carport

Community, Schools & Utilities

Community

Annual property tax: $3,585

Schools

School district: Palo Alto Unified
Elementary school: Other
Middle school: Other
High school: Palo Alto

Utilities

Cooling: Gas
Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Palo Alto, CA 94306

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Frequently Asked Questions About 301 College Avenue

Property type: Residential Income

The current asking price is $3,995,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 301 College Avenue. Our team will confirm availability and timing.

This property offers approximately 4,290 square feet of living space. It was built in 1968. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Palo Alto, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Palo Alto property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.