For sale

$3,600,000

265 Waverley St, Menlo Park, CA 94025

8beds

6baths

5,423sqft

$24,304/mo

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Quadruplex, Residential Income

Built in 1956

-- sqft lot

$-- Zestimate^®

$664/sqft

$-- HOA

What's special

Exceptional investment opportunity in the highly sought-after Linfield Neighborhood, one of the Peninsula's premier rental locations. Ideally situated just minutes from downtown Menlo Park, downtown Palo Alto, Stanford University, Burgess Park, Meta, shopping, dining, and major employers. This well-maintained four-unit apartment building features an excellent unit mix: (1) 3-BR/2BA, (1) 2-BR/2BA, (1) 2-BR/1BA, (1) 1-BR/1BA , all with attractive and functional floor plans. Two units offer private patios, while 1 upper unit features expansive rooftop decks. Each apartment has its own water heater. Located within an excellent school district, this property offers strong rental demand and significant upside potential, making it an outstanding investment for both seasoned and first-time investors.

35 days

792

31

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6

Heating

Central Forced Air

Cooling

None

Interior area

Total structure area: 5,423
Total interior livable area: 5,423 sqft

Property

Parking

Total spaces: 4
Parking features: Assigned, Covered, Detached
Garage spaces: 4
Has carport: Yes

Accessibility

Accessibility features: Parking

Features

Stories: 2

Lot

Size: 7,760 Square Feet

Details

Parcel number: 062452040
Zoning: Fourplex
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Residential Income

Materials

Foundation: Concrete Perimeter
Roof: Composition, Shingle

Condition

Year built: 1956

Utilities & green energy

Gas: PublicUtilities
Water: Public
Utilities for property: Public Utilities, Water Public

Community & HOA

Location

Region: Menlo Park

Financial & listing details

Price per square foot: $664/sqft
Tax assessed value: $2,709,130
Annual tax amount: $37,000
Date on market: 6/25/2026
Listing agreement: ExclusiveRightToSell
Inclusions: DishwasherAllUnits, OvenRangeAllUnits

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/26/2026	Listed for sale	$3,600,000+63.6%$664/sqft
Source: MLSListings Inc #ML82052301 Report a problem
5/15/2024	Listing removed	--
Source: Zillow Rentals Report a problem
4/29/2024	Listed for rent	$3,595+9.1%$1/sqft
Source: Zillow Rentals Report a problem
2/25/2020	Listing removed	$3,295$1/sqft
Source: BTProperties Report a problem
1/25/2020	Listed for rent	$3,295+0.8%$1/sqft
Source: BTProperties Report a problem
1/30/2019	Listing removed	$3,270$1/sqft
Source: BTProperties Report a problem
1/19/2019	Price change	$3,270-0.8%$1/sqft
Source: BTProperties Report a problem
12/13/2018	Listed for rent	$3,295$1/sqft
Source: BTProperties Report a problem
4/19/2013	Sold	$2,200,000+10.1%$406/sqft
Source: Public Record Report a problem
9/7/2012	Sold	$1,999,000$369/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$37,459 +3.1%	$2,709,130 +2%
2024	$36,346 +2.3%	$2,656,010 +2%
2023	$35,526 +2.6%	$2,603,932 +2%
2022	$34,609 +2.1%	$2,552,876 +2%
2021	$33,891 +0.8%	$2,502,820 +1%
2020	$33,625 +1.7%	$2,477,158 +2%
2019	$33,072 +2.8%	$2,428,588 +2%
2018	$32,177 +1.9%	$2,380,970 +2%
2017	$31,567 +2.8%	$2,334,286 +2%
2016	$30,700 +3.8%	$2,288,516 +1.5%
2015	$29,568	$2,254,142 +2%
2014	$29,568	$2,209,988 +10.6%
2013	--	$1,999,000 +340.9%
2012	--	$453,378
2011	--	$453,378 +2.8%
2010	--	$441,169 -0.2%
2009	--	$442,218 +2%
2008	--	$433,548 +2%
2007	--	$425,048 +2%
2006	--	$416,715
2005	--	$416,715 +4%
2004	--	$400,536 +1.9%
2003	--	$393,196 +2%
2002	--	$385,487 +2%
2001	--	$377,929 +2%
2000	--	$370,520

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Linfield Oaks

Getting around

65 / 100

Somewhat Walkable

50 / 100

Good Transit

99 / 100

Biker's Paradise

Nearby schools

GreatSchools rating

9/10
Encinal Elementary School
Grades: K-5Distance: 1.2 mi
9/10
Hillview Middle School
Grades: 6-8Distance: 1.7 mi
8/10
Menlo-Atherton High School
Grades: 9-12Distance: 0.7 mi

Schools provided by the listing agent

Elementary: EncinalElementary_2
Middle: HillviewMiddle_1
High: MenloAthertonHigh
District: MenloParkCityElementary

Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.