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 provides an updated kitchenette and an efficient layout ideal for additional income. Whether you're an investor looking for strong cash flow, a savvy buyer planning to live in one unit while renting the others, or a first-time investor ready to get into the market, this property delivers outstanding flexibility and value. With University Avenue, Stanford, top-ranked schools, world-class dining and shopping, and major employers all nearby, this location checks all the boxes: immediate income, long-term upside, and endless potential.
For sale
$3,240,000
756 Waverley St, Palo Alto, CA 94301
--beds
--baths
2,274sqft
Est.:
Triplex,
Built in 1910
-- sqft lot
$-- Zestimate®
$1,425/sqft
$-- HOA
What's special
Updated kitchensEfficient layout
- 3 days
- on Zillow |
- 293 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 06:52am
Listed by:
DeLeon Team 70010006 650-543-8500,
Deleon Realty
Source: MLSListings Inc,MLS#: ML82008662

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Other, Washer/Dryer, Washer/Dryer Some Units
Features
- Flooring: Carpet, Hardwood, Laminate
- Doors: Other
- Windows: None
Interior area
- Total structure area: 2,274
- Total interior livable area: 2,274 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Off Street, On Street
- Has carport: Yes
Accessibility
- Accessibility features: Other
Features
- Stories: 2
- Has view: Yes
- View description: None
Lot
- Size: 5,000 Square Feet
- Features: Mostly Level
Details
- Parcel number: 12016065
- Zoning: DHS
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: Triplex,
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1910
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Water On Site
- Utilities for property: Public Utilities
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $1,425/sqft
- Tax assessed value: $93,709
- Annual tax amount: $2,132
- Date on market: 5/28/2025
- Listing agreement: ExclusiveRightToSell
- Inclusions: Other
- Lease term: Other
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