813 Cowper St

Palo Alto, CA 94301

$5,700,000
Price
—
Beds
—
Baths
6,282 Sq. Ft.
$907 / Sq. Ft.
6,282
Sq. Ft.
$907
per Sq. Ft.
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Pending ( Do Not Show )
Pending ( Do Not Show )
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Description

OFFER DATE: Thursday, 2/5 at 1:00 PM Marcus & Millichap is pleased to present 813 Cowper Street, an eight-unit multifamily property located in the heart of Downtown Palo Alto. Built in 1956, the property consists of three well maintained buildings with a total of eight units, including five large one bedroom apartments and three two bedroom residences. The front duplex features a two bedroom unit and a one bedroom unit, offering a more residential feel compared to a typical apartment layout. In addition,...OFFER DATE: Thursday, 2/5 at 1:00 PM Marcus & Millichap is pleased to present 813 Cowper Street, an eight-unit multifamily property located in the heart of Downtown Palo Alto. Built in 1956, the property consists of three well maintained buildings with a total of eight units, including five large one bedroom apartments and three two bedroom residences. The front duplex features a two bedroom unit and a one bedroom unit, offering a more residential feel compared to a typical apartment layout. In addition, the property includes a charming cottage style unit that provides added privacy and character. Each unit is equipped with an unit washer and dryer, an amenity that is both rare and highly desirable in this submarket, along with garage and carport parking. With single family home values in the 94301 ZIP code averaging approximately $5.3 million according to Zillow, the property offers investors a compelling opportunity to acquire durable income and long term downside protection in one of the most supply constrained markets in the country.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040
  2. Listed by AJ Decristoforo • DRE #02162593 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 813 Cowper Street

MLS City Name
PALO ALTO
Building Type
Other
Style
Cottage
Garage Spaces
3
Parking Spaces
3
LISTING UPDATED: 02/13/2026 08:43 AM

Property Details for 813 Cowper Street

StatusPending ( Do Not Show )
MLS #ML82031929
Days on Compass19
Taxes$69,410 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1956
Lot Size0.31 AC / 13,500 SF
CountySanta Clara County
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Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152; Marcus & Millichap, AJ Decristoforo, DRE #02162593
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Building Information for 813 Cowper Street

Stories-Residences-Year Built1956Building Size-Lot Size0.31 AC / 13,500 SF

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$33,565 per month

30 year fixed, 6.15% Interest

Principal and Interest

$27,781

Property Taxes

$5,784

HOA Dues

$0

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Property Information for 813 Cowper Street

Features
Features
  • Fireplace: No
  • Laundry: Washer / Dryer
  • Living SqFt: 6282
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan, Central AC, Window / Wall Unit
  • Heating: Forced Air
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Downtown Palo Alto
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 813
  • Street Name: Cowper
  • Street Suffix: Street
  • Area ID: 242
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 6282
  • Structure SqFt Source: Assessor
  • Age: 70
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: RM3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 120-05-032
  • County Name: Santa Clara
  • City Name: PALO ALTO
  • City Postal ID: 46
  • Postal Code: 94301
  • Elementary School: 309
  • Elementary School District: 481
  • Middle School Text: Frank S. Greene Middle
  • High School District Text: Palo Alto Unified
  • High School Text: Palo Alto High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .31
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 7
General Information
  • Annual Tax Amount: $69,410
  • Capitalization Rate: 4.93
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: None
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,400
  • Expense Landscape: $3,600
  • Expense Maintenance: $4,000
  • Expense Management: $0
  • Expense Trash: $6,400
  • Expenses Other: $1,800
  • Expenses Utility: $7,765
  • Expenses Total: $99,375
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities
  • Gross Rent Multiplier: 14.53
  • Income Annual Gross: $380,395
  • Income Annual Rental: $392,160
  • Income Gross Scheduled: $392,160
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $3,597
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,816
Unit 3 Information
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $4,486

Property History for 813 Cowper Street

DateEvent & SourcePriceAppreciation
Feb 9, 2026

Pending

MLSListings #ML82031929

—
Feb 9, 2026

Pending

EBRD #ML82031929

—
Feb 9, 2026

Contingent - Show

MLSListings #ML82031929

—
Jan 21, 2026

Listed (Active)

EBRD #ML82031929

$5,700,000—
Jan 21, 2026

Listed (Active)

MLSListings #ML82031929

$5,700,000—
Oct 3, 2003

Sold (Public Record)

Public Record #122200543

$2,100,000—
DateEvent & SourcePrice
02/09/2026

Pending

MLSListings #ML82031929

—
02/09/2026

Pending

EBRD #ML82031929

—
02/09/2026

Contingent - Show

MLSListings #ML82031929

—
01/21/2026

Listed (Active)

EBRD #ML82031929

$5,700,000
01/21/2026

Listed (Active)

MLSListings #ML82031929

$5,700,000
10/03/2003

Sold (Public Record)

Public Record #122200543

$2,100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 813 Cowper Street

Taxable ValueLand$1,471,551Additions$1,514,204Total$2,985,755
Home Facts
Total Finished SqFt6,282 SqFtAbove Grade Finished SqFt6,282 SqFtStories2Lot Size13,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningRM3CountySANTA CLARAAPN120-05-032Fireplace TypeHas Fireplace

Schools near 813 Cowper Street

This home is within Palo Alto Unified School District.
Rating
School
Type
Grades
Distance
Addison Elementary School
Public - K to 5
Frank S. Greene Jr. Middle
Public - 6 to 8
Palo Alto High School
Public - 9 to 12
Ohlone Elementary School
Public - K to 5
Rating
School
Distance
Addison Elementary School
PublicK to 5

Frank S. Greene Jr. Middle
Public6 to 8

Palo Alto High School
Public9 to 12

Ohlone Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152; Marcus & Millichap, AJ Decristoforo, DRE #02162593

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.