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.
Sold for $2,700,000
$2,700,000
756 Waverley St, Palo Alto, CA 94301
3beds
4baths
2,448sqft
Triplex, Residential Income
Built in 1910
-- sqft lot
$2,658,200 Zestimate®
$1,103/sqft
$5,460 Estimated rent
Home value
$2,658,200
$2.45M - $2.90M
$5,460/mo
Zestimate® history
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$5,460/mo
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$17,026/mo
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Updated kitchensEfficient layout
Zillow last checked:
Listing updated:
Listed by:
DeLeon Team 70010006 650-900-7000,
Deleon Realty 650-543-8500
Bought with:
, 01855379
Agents Realty and Finance
Source: MLSListings Inc,MLS#: ML82008662
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Other, Washer/Dryer, Washer/Dryer Some Units
Features
- Flooring: Carpet, Hardwood, Laminate
- Doors: Other
- Windows: None
Interior area
- Total structure area: 2,448
- Total interior livable area: 2,448 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street, On Street
- Has carport: Yes
Accessibility
- Accessibility features: Other
Features
- Stories: 2
- Has view: Yes
- View description: None
Lot
- Size: 5,000 Square Feet
- Features: Mostly Level
Details
- Parcel number: 12016065
- Zoning: DHS
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: Triplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1910
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Water On Site
- Utilities for property: Public Utilities
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $1,103/sqft
- Tax assessed value: $95,582
- Annual tax amount: $2,200
- Date on market: 5/28/2025
- Listing agreement: ExclusiveRightToSell
- Inclusions: Other
- Lease term: Other
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2025 | Sold | $2,700,000-6.5%$1,103/sqft |
Source:  MLSListings Inc #ML82008662 Report a problem | ||
| 10/14/2025 | Pending sale | $2,888,000$1,180/sqft |
Source: MLSListings Inc #ML82008662 Report a problem | ||
| 9/24/2025 | Contingent | $2,888,000$1,180/sqft |
Source: MLSListings Inc #ML82008662 Report a problem | ||
| 9/1/2025 | Price change | $2,888,000-6.5%$1,180/sqft |
Source: MLSListings Inc #ML82008662 Report a problem | ||
| 8/13/2025 | Price change | $3,088,000-4.7%$1,261/sqft |
Source: MLSListings Inc #ML82008662 Report a problem | ||
| 5/28/2025 | Listed for sale | $3,240,000$1,324/sqft |
Source: MLSListings Inc #ML82008662 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,200 +3.2% | $95,582 +2% |
| 2024 | $2,132 +1.7% | $93,709 +2% |
| 2023 | $2,096 +1.6% | $91,873 +2% |
| 2022 | $2,063 +2.1% | $90,072 +2% |
| 2021 | $2,021 +1.2% | $88,307 +1% |
| 2020 | $1,997 | $87,403 +2% |
| 2019 | $1,997 +3.1% | $85,690 +2% |
| 2018 | $1,937 | $84,011 +2% |
| 2017 | $1,937 +1.9% | $82,365 +2% |
| 2016 | $1,902 | $80,751 +1.5% |
| 2015 | -- | $79,539 +2% |
| 2014 | -- | $77,982 +0.5% |
| 2013 | -- | $77,631 +2% |
| 2012 | -- | $76,110 +2% |
| 2011 | -- | $74,618 +0.8% |
| 2010 | -- | $74,061 -0.2% |
| 2009 | -- | $74,238 +2% |
| 2008 | -- | $72,783 +2% |
| 2007 | -- | $71,357 +2% |
| 2006 | -- | $69,959 +2% |
| 2005 | -- | $68,588 +2% |
| 2004 | -- | $67,244 +1.9% |
| 2003 | -- | $66,012 +2% |
| 2002 | -- | $64,719 +2% |
| 2001 | -- | $63,451 |
Find assessor info on the county website
Neighborhood: University South
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Nearby schools
GreatSchools rating
- 9/10Addison Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Frank S. Greene Jr. MiddleGrades: 6-8Distance: 1.3 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: AddisonElementary
- Middle: DavidStarrJordanMiddle_1
- 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
$2,658,200
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
$2,658,200
- California
- Santa Clara County
- Palo Alto
- 94301
- University South
- 756 Waverley St
Nearby cities
Nearby neighborhoods
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