525 Hamilton Ave 6 Unit Apartment Building $3,198,000 ($533,000/Unit) 3.75% Cap Rate Palo Alto, CA 94301

Incredible 6-plex in A+ location. A rare opportunity to acquire a charming, well-maintained, fully leased six-unit multifamily property in the heart of Downtown Palo Alto. Assets of this character and caliber, in this location, simply do not come to market often. Four 1-bed, 1-bath units (one being used as a professional office currently) and two studios, fully leased. Situated in prime Downtown Palo Alto, 525 Hamilton Avenue offers investors the durable income of a fully leased building and long-term appreciation that define this irreplaceable market. This incredible six-plex provides a compelling investment in a market where land scarcity and exceptional tenant demand have historically driven consistently impressive values. Strong in-place rents with meaningful upside offer relative value that is increasingly difficult to find in this zip code. Updated kitchen and baths in most units, in-unit laundry for unit C and the remaining units access a shared washer and dryer in the laundry room. Plentiful onsite parking with 3 garages, 2 carports, and 2 uncovered spots. Steps from University Avenue, Stanford University, and the region's premier tech employers, this property has an unbeatable location.