10 Front Street NW, Coupeville, WA 98239
- $2,800,000
- 6,480
- SqFt
Listing courtesy of COMPASS.
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- 2548704
- Days on Market
- 66
- Style
- 55 - 5-9 Units
- Building Condition
- Restored
- Finished SqFt
- 6,480
- Area Total SqFt
- 6480
- Annual Tax Ammount
- 10415
- Internet Provider
- Ziply
- Lot Size (sq ft)
- 4,791
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-05-23 22:56:12
- Community
- Coupeville
- Net Operating Income
- $127,991
- Gross Adjusted Income
- $127,991
- Gross Scheduled Income
- $158,460
- Total Monthly Income
- $13,205
- Insurance Expenses
- $4,768
- Water/Sewer/Garbage Expenses
- $500
- Gross Rent Multiplier
- 17.6
- Total Expenses
- $16,583
- Cap Rate
- 4.5
- Vacancy Rate
- 31
- Total Number of Units
- 6
- Unit Name
- 10
- Potential Terms
- Cash, Conventional
- Year Built
- 1864
- Waterfront
- Yes
- View
- City, Islands, Mountains, Sound, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
- Electric Expenses
- 500
- Energy Source
- Electric, Propane
- School District
- Coupeville
- Elementary School
- Coupeville Elem
- Middle School
- Coupeville Mid
- High School
- Coupeville High
- Total Monthly Income
- $13,205
- Gross Scheduled Income
- $158,460
- Vacancy Rate
- 31
- Gross Adjusted Income
- $127,991
- Tax Year
- 2026
- Insurance Expense
- $4,768
- W/S/G Expenses
- $500
- Total Expenses
- $16,583
- Net Operating Income
- $127,991
- Gross Rent Multiplier
- 17.6
- Cap Rate
- 4.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.