Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by:COMPASS • Emily Shepodd

$2,800,000

Est. payment - /mo

3 Beds

3 Baths

6,480 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,480 sqft

Price per Sqft $432

Subdivision Coupeville

MLS Listing ID 2528652

Style 55 - 5-9 Units

Bedrooms 3

Year Built 1912

Annual Tax Amount $10,415

Lot Size 4,791 Sqft

Lot Dimensions 60 x 69

Property Sub-Type Multi Family

Property Description

Positioned along one of Whidbey Island's most iconic waterfront corridors, this rare mixed-use investment opportunity offers over 60 feet of coveted commercial frontage in the heart of historic Coupeville. The meticulously restored seven-unit property includes four street-level commercial spaces and three licensed short-term rental units, creating diversified income potential in a highly sought-after destination market. Nearly every unit captures sweeping views of Penn Cove, with front-row access to the island's marine wildlife, boating activity, and vibrant waterfront atmosphere.Extensive capital improvements have already been completed, including new pilings, siding, and major system upgrades, allowing investors to step into a stabilized asset with strong operational history and immediate cash flow. Offered with two parcels, the property also presents future upside through expansion, redevelopment potential, or continued optimization of rental income. Located minutes from Fort Ebey, the Coupeville–Port Townsend ferry, and convenient routes to Seattle, Bellevue, and Everett, this is a rare opportunity to acquire a legacy waterfront asset in one of the Pacific Northwest's most desirable tourism-driven markets.

Location

State WA

County Island

Area 812 - Central Whidbey Island

Interior

Flooring Ceramic Tile, Laminate

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, Sprinkler System

Waterfront Description Medium Bank,Saltwater,Sound

View Y/N No

Roof Type Composition,Torch Down

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Coupeville Elem

Middle Schools Coupeville Mid

High Schools Coupeville High

School District Coupeville

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby School & Business

Discover Northwest Realty - Land

Broker | License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

10 NW Front ST Coupeville, WA 98239

Discover Northwest Realty - Land

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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