Listing provided courtesy of COMPASSNWMLSas Distributed by MLSGrid- MLS# NWM2528652MLS Provider

10 NW Front StreetCoupeville, WA 98239

Multi-Family · 3 Beds · 6,480 Sq. ft. | 0.11 Acres
$2,800,000 Active

10 NW Front Street Overview

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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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10 NW Front Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,480
  • Price/Sq.ft. $432
  • Lot 0.11 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Coupeville
  • Elementary School: Coupeville Elem
  • Middle Or Junior School: Coupeville Mid
  • High School: Coupeville High

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 158460
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Total Expenses: 10415
  • Total Monthly Income: 13205
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1912

Location/Region

  • Country: US
  • County Or Parish: Island
  • MLS Area Major: 812 - Central Whidbey Island
  • Subdivision Name: Coupeville

Community/Development

  • Amenities: Fire Sprinklers,Storage

Tax Information

  • Tax Annual Amount: $10,415.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: R132334093800
  • Possible Use: Multi-Family,See Remarks
  • Property Condition: Restored
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 6480
  • Building Area Units: Square Feet
  • Calculated Square Footage: 6480
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Laminate
  • Foundation Details: Pillar/Post/Pier, Slab
  • Heating: Yes
  • Leasable Area: 6480
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Propane
  • Security Features: Partially Fenced
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.11
  • Lot Size Dimensions: 60 x 69
  • Lot Size Square Feet: 4791
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront Features: Medium Bank, Saltwater, Sound
  • Waterfront: Yes

Building Exterior/Construction

  • Roof: Composition, Torch Down
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 6
  • Sewer: Sewer Connected

Unit Information

Unit 5 Details

  • Actual Rent: 1191

Unit 4 Details

  • Actual Rent: 2020

Unit 3 Details

  • Actual Rent: 2307
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 3000
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 3155
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 932

10 NW Front Street Neighborhood

Community

98239 (Coupeville) Demographics

60
Median Age
180
Population Density (per sq. mile)
46%
College Educated
$71,121
Estimated Median Income
2,895
Estimated Total Home Owners
610
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10 NW Front Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10 NW Front Street Market Data

Based on the last 30 days in this zip code

$862,700
Average List Price
$445
Average Price per Square Foot
26
Properties Sold
61
Average Days on Market
90
Properties for Sale
Calculations provided by Reliance Network

10 NW Front Street History

Date Event Value Agent
5/22/2026Source: NWMLS Added to Database
May 22, 2026
5/22/2026Source: NWMLS Added to Database
May 22, 2026