For sale Home

Listed Oct 8, 2026

$2,698,000 Est. $17,845/mo

1111 Alma Street

  • 3

    Beds

  • 2

    Baths

  • 1,107

    Sq ft

The story

We are very pleased to present a truly unique residential compound that redefines the standard for flexible living in Palo Alto. The property features a 3-bedroom / 2-bathroom main residence, which has been walled off to create a 2-bedroom / 1-bathroom, and an attached 1-bedroom / 1-bathroom with it's own entrance. This is complemented by two additional detached structures. This rare configuration offers a level of versatility seldom found in the local market, making it an ideal acquisition for buyers looking to maximize both utility and long-term property value. The property's primary appeal lies in its versatility. The two auxiliary structures provide a turnkey solution for a variety of modern living needs, whether you are hosting a multigenerational family or seeking consistent rental income in a high-demand zip code. The ability to separate work, guest, and living spaces within a single lot offers a level of privacy and adaptability that is increasingly essential for the Silicon Valley lifestyle. This is more than a home; it is a strategic asset in one of the worlds most resilient real estate markets. By combining a prime location with a high-density, multi-unit layout, this property represents a premier opportunity for the discerning investor or homeowner.

Facts & features

Home type

Home

Year built

1923

Floors

1

Price per sq ft

$2,437

Included features

  • Cooling

    Central

  • Heating

    Central

  • Flooring

    Hardwood

  • Roof

    Composition, Shingle

  • Lot Information

    Fenced

  • Water Source

    Public

  • Sewer

    Sewer - Public

Mortgage calculator

Estimated monthly payment

$17,845 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $14,360
  • Property tax $2,698
  • Insurance $787

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Midtown Realty

Broker Name

Midtown Realty

Agent

Ryan Eltherington

Location

Palo Alto CA 94306