This fourplex is a True Gem in the MidTown Palo Alto, Offering a unique chance for savvy investors to dive into a prime piece of real estate. The property boasts an impressive configuration of (4) 2 bedroom, 1 bath units. Additional features include Four Car Garages, and 2 extra parking spaces. Remodeled kitchens and bathrooms, hardwood floors and inside laundry utility room in each unit, with excellent layout setting. There's plenty of room to appreciate and grow. Fully rented out with high rental demand. Close to key amenities and landmarks, Stanford University, Stanford shopping Center, Midtown Shopping Center, University Downtown Palo Alto and Pearson-Aratradero Preserve-Hiker's Paradise. This Is a best gateway to the best of Palo Alto living! GREAT OPPORTUNITY!
Sold for $3,050,000
$3,050,000
628 Colorado Ave, Palo Alto, CA 94306
8beds
4baths
3,822sqft
Quadruplex, Residential Income
Built in 1953
-- sqft lot
$3,091,800 Zestimate®
$798/sqft
$3,943 Estimated rent
Home value
$3,091,800
$2.94M - $3.25M
$3,943/mo
Zestimate® history
Owner options
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$3,943/mo
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$3,943/mo
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$19,753/mo
Est. payment
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$19,753/mo
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List your homeWhat's special
Four car garagesRemodeled kitchens and bathroomsExcellent layout settingHardwood floors
Zillow last checked:
Listing updated:
Listed by:
Priscilla Wang 01087702 408-807-6128,
Christie's International Real Estate Sereno 408-335-1400
Bought with:
Carol Li, 01227755
Compass
Source: MLSListings Inc,MLS#: ML82031861
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Kitchen
- Features: Countertop_Granite, ExhaustFan
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Exhaust Fan, Disposal, Electric Oven/Range, Refrigerator, Washer/Dryer
Features
- Flooring: Carpet, Hardwood, Vinyl Linoleum
Interior area
- Total structure area: 3,822
- Total interior livable area: 3,822 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Off Street
- Garage spaces: 4
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 2
Lot
- Size: 8,445 Square Feet
Details
- Additional structures: Other
- Parcel number: 13255017
- Zoning: RM3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1953
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $798/sqft
- Tax assessed value: $1,741,681
- Annual tax amount: $21,980
- Date on market: 1/20/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: DishwasherAllUnits, OvenRangeAllUnits
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Sold | $3,050,000-4.7%$798/sqft |
Source:  MLSListings Inc #ML82031861 Report a problem | ||
| 3/6/2026 | Pending sale | $3,200,000$837/sqft |
Source: MLSListings Inc #ML82031861 Report a problem | ||
| 2/24/2026 | Price change | $3,200,000-10.8%$837/sqft |
Source: MLSListings Inc #ML82031861 Report a problem | ||
| 1/20/2026 | Listed for sale | $3,588,800+193%$939/sqft |
Source: MLSListings Inc #ML82031861 Report a problem | ||
| 2/13/2004 | Sold | $1,225,000+31.7%$321/sqft |
Source: Public Record Report a problem | ||
| 8/6/1998 | Sold | $930,000$243/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,980 +4.2% | $1,741,681 +2% |
| 2024 | $21,087 +1.5% | $1,707,531 +2% |
| 2023 | $20,776 +1.2% | $1,674,051 +2% |
| 2022 | $20,533 +2% | $1,641,227 +2% |
| 2021 | $20,128 +2.1% | $1,609,047 +1% |
| 2020 | $19,719 | $1,592,549 +2% |
| 2019 | $19,719 +3.9% | $1,561,324 +2% |
| 2018 | $18,972 | $1,530,710 +2% |
| 2017 | $18,972 +1.8% | $1,500,697 +2% |
| 2016 | $18,639 | $1,471,273 +1.5% |
| 2015 | -- | $1,449,174 +2% |
| 2014 | -- | $1,420,788 +0.5% |
| 2013 | -- | $1,414,368 +2% |
| 2012 | -- | $1,386,636 +2% |
| 2011 | -- | $1,359,448 +0.8% |
| 2010 | -- | $1,349,289 -0.2% |
| 2009 | -- | $1,352,496 +2% |
| 2008 | -- | $1,325,978 +2% |
| 2007 | -- | $1,299,979 +2% |
| 2006 | -- | $1,274,490 +2% |
| 2005 | -- | $1,249,500 +21.9% |
| 2004 | -- | $1,025,177 +1.9% |
| 2003 | -- | $1,006,389 +2% |
| 2002 | -- | $986,657 +2% |
| 2001 | -- | $967,311 |
Find assessor info on the county website
Neighborhood: Midtown
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Nearby schools
GreatSchools rating
- 9/10El Carmelo Elementary SchoolGrades: K-5Distance: 0.5 mi
- 10/10Jane Lathrop Stanford Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: ElCarmeloElementary
- Middle: JaneLathropStanfordMiddle
- High: PaloAltoHigh
- 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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Estimated market value
$3,091,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,091,800
- California
- Santa Clara County
- Palo Alto
- 94306
- Midtown
- 628 Colorado Ave
Nearby cities
Nearby neighborhoods
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