103 Tennyson Ave is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California. Situated on a 7,500 square foot parcel, the subject property was originally constructed in 1970 and features approximately 3,371 square feet of gross building area, offering beautifully designed two-bedroom floor plans. The property consists of one flat and two townhome-style units, each with private detached garage parking and its own private patio or deck. Ideally positioned within walking distance of Stanford University, 103 Tennyson Ave benefits from Palo Alto's exceptionally strong rental market, high demand, and premium rental rates. Known for its historic neighborhoods, vibrant shopping, dining, entertainment, and cultural attractions, Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. The investment appeal is further strengthened by the city's strong employment base, low vacancy rates, and prime Silicon Valley location, providing residents with convenient access to prestigious schools, major employers, and an abundance of lifestyle amenities.
For sale
$2,988,000
103 Tennyson Ave, Palo Alto, CA 94301
--beds
--baths
3,371sqft
:
Get pre-qualified$20,363/mo
Triplex, Residential Income
Built in 1970
-- sqft lot
$-- Zestimate®
$886/sqft
$-- HOA
What's special
- 31 days |
- 543 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Adam S. Levin 01462752 650-492-0934,
Marcus & Millichap 650-391-1700
Source: MLSListings Inc,MLS#: ML82052706
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s)
Features
- Doors: None
Interior area
- Total structure area: 3,371
- Total interior livable area: 3,371 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Attached, Carport
- Garage spaces: 3
- Carport spaces: 1
- Covered spaces: 4
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 7,500 Square Feet
Details
- Parcel number: 12417077
- Zoning: RM2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Residential Income
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1970
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $886/sqft
- Tax assessed value: $1,921,020
- Annual tax amount: $36,948
- Date on market: 6/30/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: Building, Land
- Lease term: Month To Month
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Listed for sale | $2,988,000+91.5%$886/sqft |
Source:  MLSListings Inc #ML82052706 Report a problem | ||
| 11/30/2012 | Sold | $1,560,000+51.5%$463/sqft |
Source: Public Record Report a problem | ||
| 3/26/2004 | Sold | $1,030,000+8.4%$306/sqft |
Source: Public Record Report a problem | ||
| 8/3/2001 | Sold | $950,000$282/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,130 +4.2% | $1,921,020 +2% |
| 2024 | $23,148 +1.5% | $1,883,354 +2% |
| 2023 | $22,807 +1.2% | $1,846,426 +2% |
| 2022 | $22,541 +2% | $1,810,222 +2% |
| 2021 | $22,097 +2.1% | $1,774,728 +1% |
| 2020 | $21,646 | $1,756,531 +2% |
| 2019 | $21,646 +3.9% | $1,722,090 +2% |
| 2018 | $20,824 | $1,688,324 +2% |
| 2017 | $20,824 +1.8% | $1,655,220 +2% |
| 2016 | $20,459 +3.7% | $1,622,766 +1.5% |
| 2015 | $19,727 +2.2% | $1,598,391 +2% |
| 2014 | $19,304 | $1,567,082 +0.5% |
| 2013 | -- | $1,560,000 +33.8% |
| 2012 | -- | $1,165,907 +2% |
| 2011 | -- | $1,143,047 +0.8% |
| 2010 | -- | $1,134,505 -0.2% |
| 2009 | -- | $1,137,201 +2% |
| 2008 | -- | $1,114,904 +2% |
| 2007 | -- | $1,093,044 +2% |
| 2006 | -- | $1,071,612 +2% |
| 2005 | -- | $1,050,600 +1.1% |
| 2004 | -- | $1,039,042 +1.9% |
| 2003 | -- | $1,020,000 +2% |
| 2002 | -- | $1,000,000 +62.5% |
| 2001 | -- | $615,386 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Old Palo Alto
Nearby schools
GreatSchools rating
- 9/10Walter Hays Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Frank S. Greene Jr. MiddleGrades: 6-8Distance: 0.8 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: PaloAltoUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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