10 Front Street NW Coupeville, WA $ 2,800,000
10 Front Street NW
$ 2,800,000
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10 Front Street NW

Coupeville, WA, 98239
$ 2,800,000
Baths0.0 Sq 6,480

Monthly Estimate*

$ 17,679

Listed by COMPASS
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Studio

Multi-Family Home for sale in Coupeville, WA

for $2,800,000. This 6,480 square foot home was built in 1864 on a lot size of 0.11.

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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Multi-Family Active

Price

$ 2,800,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 10,415

Style

5-9 Units

Lot Size

0.11

Year Built

1864

Town/City

Coupeville

County/Region

Island

MLS | Web ID

2548704

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Wall Furnace
Cooling Ductless
Possession Closing Negotiable
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1864
View City Islands Mountains Sound Territorial
Property Subtype Multi Family
Tax Year 2026
Waterfront Features Low Bank Saltwater Sound
County Island
Net Operating Income 127991
Insurance Expense 4768
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Coupeville
Possible Use Business Commercial Multi-Family Retail
Special Listing Conditions None
Status Active
Directions *GPS
High School Coupeville High
City Coupeville
Senior Community Y/N N
High School District Coupeville
Zoning Description Business Commercial Multi-Family Retail
Number Of Units Total 6
MLS Area 812 - Central Whidbey Island
Lot Size Units Square Feet
Lot Size Square Feet 4791
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Coupeville Elem
Tax Annual Amount 10415
Electric Expense 500
Fuel Expense 400
Middle/Junior High School Coupeville Mid
Property Condition Restored
Public Remarks Positioned along one of Whidbey Islands most iconic waterfront corridors this rare mixed-use investment opportunity offers over 60 feet of coveted commercial frontage in the heart of historic Coupevi
Leasable Area 6480
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Fire Sprinklers Storage
Water Company Town of Coupville
Units Below Grade false
Units In Building Total 7
Water Sewer Garbage 500
Property Style 55 - 5-9 Units
Cap Rate 4.5
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Curbs Paved Sidewalk
Water Source Public
Total Parking 0
Foundation Details Pillar/Post/Pier
Building Area Total 6480
Lot Dimensions 60 x 69
Lot Size Acres 0.11
Waterfront Y/N Y
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially High Speed Internet Patio Sprinkler System
Parking Uncovered Total 0
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Interior
Flooring Ceramic Tile Laminate
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Propane
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2548704
Street Number 1 10
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* Excluded Features
List By
Emily Shepodd

Listing Agent

Compass

Broker

Affordability Calculator

$18,547
Per Month
95%
5%
0%
Monthly Principal & Interest
$17,679
Monthly Property Taxes
$868
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257583 Elementary School
257132 Middle School
Coupeville High High School
Pricing History
DatePricePrice ChangeDescription
7/2/2026$2,800,000 Listed Price

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10 Front Street NW, Coupeville, WA, 98239 is a Multi-Family Home for sale at $2,800,000 with 6,480 sqft and a lot size of 0.11. 10 Front Street NW is a studio with 0.0 baths and was built in 1864. The property's zip code is 98239 which is in Coupeville, WA