Port Townsend, WA 98368 702 Water Street # 1-3
$1,650,000
Pending
27 more
Presented By: Coldwell Banker Best Homes and NWMLS
- MLS# 2402933
- 07/09/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 5,760
Home Details
Iconic architecture and timeless stonework define this historic mixed-use building in the heart of Port Townsend. Situated on a prominent corner lot on Water Street, surrounded by other local businesses, cafes & boutiques, ensuring a steady flow of foot traffic. This property offers 2,000 sq ft of retail space—currently operating as one retail space but easily divisible into two distinct units. Above, you’ll find 3 spacious apartments featuring 12-foot ceilings, with unit #1 offering peek-a-boo views of Port Townsend Bay. Additional features include a heated basement and a one-car garage. A rare investment opportunity blending history, character, and versatility.
Presented By: Coldwell Banker Best Homes and NWMLS
Interior Features for 702 Water Street # 1-3
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, Oil
Total Fireplaces
Total Stories2
General for 702 Water Street # 1-3
AmenitiesBasement
Building Area UnitsSquare Feet
Cap Rate
Carport Spaces
Carport Y/NNo
CityPort Townsend
CoolingNone
CountyJefferson
DirectionsEast on Water St., property sits at the corner of Water St. & Quincy.
Electric Expense2116
Elementary SchoolSalish Coast Elementary
Fuel Expense10200
HOANo
HOA Fee$
HeatingHot Water Recirc Pump
High SchoolPort Townsend High
High School DistrictPort Townsend #50
Insurance Expense9000
Leasable Area5760
Listing TermsCash Out, Conventional
Lot Size Square Feet3485
Lot Size UnitsSquare Feet
MLS Area480 – Port Townsend
Middle/Junior High SchoolBlue Heron Mid
ModificationTimestamp2025-09-09T02:13:11.203Z
NWM_ShowMapLinkY
Net Operating Income
New ConstructionNo
Number Of Units Total3
Open Parking Spaces0
PossessionSee Remarks
Possible UseResidential, Retail
Property Style53 – Tri-plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksIconic architecture and timeless stonework define this historic mixed-use building in the heart of Port Townsend. Situated on a prominent corner lot on Water Street, surrounded by other local business
RoofTorch Down
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending Feasibility
Structure TypeTriplex
Subdivision NameDowntown
Tax Annual Amount8094
Tax Year2025
Unit Number1-3
Units Below Gradetrue
Units In Building Total3
ViewBay
Water CompanyCity of Port Townsend
Water Sewer Garbage3154
Year Built1884
Zoning DescriptionResidential, Retail
Exterior for 702 Water Street # 1-3
Building Area Total5760
Covered Spaces1
Exterior AmenitiesStone
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Paved, Sidewalk
Lot Size Acres0.08
Parking Uncovered Spaces0
Total Parking1
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Blue Heron Mid
High School
Port Townsend High
Elementary School
Salish Coast Elementary
Josh QA1
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