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756 Waverley StreetPalo Alto, CA 94301

For Sale

$2,888,000

Smart Buyer Rebate $28,880

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.

Listed by DeLeon Team

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License #70010006

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Deleon Realty

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650-900-7000

Last updated September 01, 2025

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Source: MLSListings #ML82008662

Listing Facts

  • TypeMulti-family
  • NeighborhoodUniversity South
  • Days on Prevu103
  • Size2,274 sqft
  • Price per sqft$1,270

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

09/01/2025
Price Decreased
$2,888,000
08/13/2025
Price Decreased
$3,088,000
05/28/2025
Listed by Deleon Realty
$3,240,000

Property Details for 756 Waverley Street

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Shingle
  • Stories: 2
  • Year Built: 1910
  • Year Built Details: 2
  • Architectural Style: Cottage

Measurements

  • Building Area Total: 2,274
  • Lot Features: Grade - Mostly Level
  • Lot Size Acres: 0.11
  • Lot Size Area: 5,000
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,000
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 3.77
  • Gross Income: $108,780.00
  • Operating Expense Includes: Other

Taxes

  • Parcel Number: 120-16-065

Interior

Features

  • Appliances: Other, Washer/Dryer, Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood, Laminate

Measurements

  • Living Area: 2,274

Other

Features

  • Accessibility Features: Other

Parking

Parking

  • Carport: Yes
  • Parking Features: Off-Street Parking, On Street
  • Parking Total: 1

Schools

Elementary School

  • Elementary School: Addison Elementary
  • Elementary School District: Palo Alto Unified

High School

  • High School: Palo Alto High
  • High School District: Palo Alto Unified

Middle or Junior School

  • Middle Or Junior School: David Starr Jordan Middle_1

Utilities

Equipment

  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Public Utilities
  • Water Source: Water On Site

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.