103 Tennyson Ave, Palo Alto, CA 94301 — Sale in Palo Alto, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Palo Alto, CA 94301
Photos
Description
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. Investment Highlights: • Trophy Location in World-Class Palo Alto with Nearby Luxury Residences Valued at Over $20 Million+ – Rare opportunity to acquire a triplex in the prestigious Old Palo Alto neighborhood. • Desirable Unit Mix – The property offers spacious, beautifully designed two-bedroom townhouse residences, complemented by a second-story flat apartment. • Convenient Property Amenities – Tenants enjoy private garage parking, with each unit featuring a private deck or patio. • Prestigious Palo Alto School District – Located within one of California's consistently top-ranked public school districts.
Market Context
This multifamily in Palo Alto, CA is listed for sale. Compare it against other multifamily listings for sale in Palo Alto, CA — view the full market.
As of Q4 2025, the San Francisco Peninsula multifamily market showed a 4.6% vacancy rate, average asking rents near $3300.00/unit/mo, rents up 5.9% year over year, and cap rates around 4.5%. Source: Matthews Q4 2025 market report.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Multifamily market FAQ
- What is the typical cap rate for multifamily in San Francisco Peninsula?
- About 4.5% as of Q4 2025, per Matthews.
- Is the San Francisco Peninsula multifamily market tightening or softening?
- Vacancy is around 4.6%, with asking rents rising year over year (Q4 2025).
Contact
- Adam Levin · (650) 391-1782 · adam.levin@marcusmillichap.com
- Rob Johnston · (650) 391-1744 · robert.johnston@marcusmillichap.com
Explore this market
Similar Multifamily Property for Sale in Palo Alto, CA
- 1751 Alma St, Palo Alto, CA 94301 — Contact for price · Palo Alto, CA