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318 Emerson ST
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For Sale

318 Emerson ST

318 Emerson ST, Palo Alto, CA 94301

$3,500,000

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area3,160 Sq.Ft.
  • Lot Area5,649.73 Sq.Ft.
  • MLS® IDML81971494
  • TypeMulti-Family
  • YEAR BUILT1900
  • School DistrictPalo Alto Unified

Exterior

  • STORIES2
  • Garage Space3.0
  • roofComposition, Shingle
  • parkingOff Street
  • HEAT TYPECentral, Forced Air
  • AIR CONDITIONINGCeiling Fan(s)

Financial

  • Sales Price$3,500,000
  • Zoning RM4
The R&Z Group of Compass Commercial is excited to bring to market this incredible opportunity at 318 Emerson St, right in the heart of Downtown Palo Alto. This fourplex is a true gem, offering a unique chance for savvy investors to dive into a prime piece of real estate. The property boasts an impressive configuration of (2) 2 bed 2 bath and (2) 1 bed 1 bath units. Additional features include three garage spaces that are currently being leased as storage with the potential to be converted into ADU, a back courtyard, a long driveway, and an on-site washer/dryer. With a spacious 3,160 square feet of living space on a 0.13-acre lot. What makes 318 Emerson St truly stand out is its unbeatable location! Just a stone's throw from Downtown Palo Alto, you'll be within walking distance of top-rated restaurants, trendy shops, and the iconic Stanford Theater. Plus, it's less than a mile from the world-renowned Stanford University and the Stanford Shopping Center. This isn't just a property; it's a gateway to the best of Palo Alto living! Investors will love the consistent and high rental demand, the modern touches in a historical setting, and the proximity to key amenities and landmarks. One unit is currently vacant. Potential seller financing is available.
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3,160 Sq.Ft. LIVING AREA

5,649.73 Sq.Ft. lot

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