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Listed by Lynne Tran • Intero Real Estate Services • 408-574-5000
$3,990,000
Est. payment /mo
3,142 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,142 sqft
Price per Sqft $1,269
MLS Listing ID ML82064495
HOA Y/N No
Year Built 1902
Lot Size 6,500 Sqft
Property Sub-Type OTHER
Source Datashare MLSListings
Property Description
The actual location of the property is 171 Emerson St and 207 Hawthorne Ave. A downtown Palo Alto corner property combining a separate residence with multiple rental units and established rental income, this property combines classic residential character with proximity to University Avenues restaurants, caf s, boutiques, and Stanford Theatre. Nearby Johnson Park, Palo Alto Caltrain, and Stanford University enhance the locations residential and investment appeal. Top-tier local schools add desired value. Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. 171 Emerson Street offers a two-bedroom, two-bath residence. 207 Hawthorne Avenue includes 3 existing 1-bedroom, 1-bath units plus a 1-bedroom, 1-bath ADU with permit issued. The 5-unit configuration offers multiple rental income streams for established portfolio builders and an opportunity for buyers considering a residence with additional rental income, low maintenance and in a high demand area. This is a compelling opportunity to establish or expand a real estate holding in desirable downtown Palo Alto.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Fireplace No
Building
Water Public
Schools
School District Palo Alto Unified, Palo Alto Unified
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© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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