Listed 67 days ago · May 29, 2026 | MLS# ML82049055
$1,120/sqft -33% vs Palo Alto avg
What this means: Priced below the Palo Alto per-sqft average. Compare to recent sales below for context.
Est. $15,838/moP&I $12,972 · Tax $2,604 · Insurance $262 · HOA $0Assumes 20% down ($500,000) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Active listing in Palo Alto, Santa Clara County. Convenient access to schools, parks, and Bay Area employment centers.
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0 Bed / 0 Bath / 2,232 sqft on 8,070 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $2.5M vs City Average $3.3M
$1,120/sqft compared to Palo Alto avg $1,671/sqft (-33.0%).
Best fit forActive BuyersPalo Alto SearchersMove-Up / Move-In
About This Home
Incredible opportunity for an apartment investor to renovate all units day one. 2609 - 2617 Alma Street presents a rare chance to acquire a 4-unit multifamily property in one of Silicon Valleys most sought-after residential neighborhoods. Located steps from the California Avenue Caltrain Station, the property offers an investor a clear path to renovation and full market-rate stabilization with meaningful upside in a fundamentally supply-constrained market. Redevelopment path also available - Approved development entitlement for 4 detached 3-story townhomes (For Rent homes only - not For Sale project). California Ave, just a couple blocks away (10 min walk or 3 min bike using the pedestrian underpass), is Palo Alto's most historic shopping district, featuring numerous shopping, dining, and professional services. With the heart of Stanford University being just 3-miles away, it offers a wide variety of attractions and experiences, including the Stanford Oval, hiking at the Stanford dish trailhead, and Stanford sports facilities and arenas. The property is strategically surrounded by one of the strongest employment centers in the world, driven by technology, venture capital, healthcare, and higher education.
MLS ID #ML82049055, Matthew Thomson. Listing provided by Compass · MLSListings Inc.
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Property Details
Property Type
Fourplex
Year Built
1951
Bedrooms
0
Bathrooms
0 Full
Living Area
2,232 sqft
Lot Size
8,070 sqft
Garage
N/A
Price/sqft
$1,120
County
SantaClara
MLS Number
ML82049055
Status
Active
Stories
N/A
HOA
None
Interior Features
Other
Exterior & Lot
Flat Roof0.19 Acres
Location
This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
2609-2617 Alma ST, Palo Alto, CA 94306 · SantaClara County
Market Context
Price Positioning
$Price context: Listed at $1,120/sqft vs Palo Alto avg $1,671/sqft (33.0% below).
$Sale-to-list: Palo Alto homes selling at 104.1% of asking.
⏲Velocity: City avg 25 days. This home: 67 days.
🏠Inventory:0 0-bedroom homes currently available in Palo Alto.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
Want to know what this home will actually sell for? Get a data-backed offer range based on recent comparable sales.
2609-2617 Alma ST is located in the Midtown area of Palo Alto, California. This 0-bedroom, 0-bathroom home is listed for $2,500,000. Homes in Midtown average $1,671 per square foot with an average of 25 days on market, making this one of the most actively watched markets in 94306.
0-Bedroom Homes for Sale in Palo Alto 94306
Browse 0-bedroom home listings in the Midtown area of Palo Alto. Properties in 94306 are currently averaging $1,671 per square foot with 25 days on market.
What to Expect When Buying in Midtown
The Midtown market in Palo Alto features a mix of home properties ranging from starter homes to luxury estates. Current inventory levels suggest active conditions for buyers in this area.
Listed at $2,500,000 ($1,120/sqft). Palo Alto avg is $1,671/sqft, placing this 33.0% below. Comparable recent sales help frame the value.
Listed 67 days (as of May 29, 2026). Palo Alto average is 25 days.
Est. $15,838/mo with 20% down ($500,000) at 6.75%. Includes principal & interest ($12,972), property tax ($2,604), and insurance ($262). HOA: None. Aegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
There are 63 active listings in Palo Alto (0 are 0-bedroom). At $2,500,000 this is positioned against the city average of $3,342,365. Similar homes have sold at 104.1% of asking.
0-bedroom homes in Palo Alto (94306) are currently averaging $1,671 per square foot. Market activity shows homes spending an average of 25 days on market in this area.
2609-2617 Alma ST in Palo Alto is currently listed at $2,500,000. This 0-bedroom, 0-bathroom home is located in the Midtown area.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of Aug 4, 2026 5:30 AM PT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
Data updated every 15 minutes. Visit www.MLSListings.com for more information.
Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.
Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014. (408) 207-4593.
Last updated: Aug 4, 2026 5:30 AM PT | Source: MLSListings Inc.
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2609-2617 Alma ST$2,500,0000 bd · 0 ba · 2,232 sqft
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