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Listing courtesy of NWMLS / Coldwell Banker Best Homes

702 Water Street Unit 1-3

Port Townsend, WA 98368

– beds
– baths
5,760 sqft
3,485 sqft lot
$286 per sqft
1884 build

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.

Listing courtesy of NWMLS / Coldwell Banker Best Homes

Last checked: Checking… • Last updated Jul 10, 2025 •

MLS# 2402933 —

The Building

Year Built:

1884
Year Built:

1884
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Triplex
Roof:

Torch Down
Exterior Features:

Stone
Units In Building Total:

3
# of Units Total:

3
Stories Total:

2
Building Area Total:

5760
Building Area Units:

Square Feet
Calculated SqFt:

5760
Construction Materials:

Stone

Interior

Flooring:

Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

See Remarks

Location

Latitude:

48.115392
Longitude:

-122.754855
Unit Number:

1-3
Directions:

East on Water St., property sits at the corner of Water St. & Quincy.

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Parcel Number:

989704201
Lot Features:

Corner Lot, Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Acres:

0.08
Lot Size SqFt:

3485
Lot Size Source:

Public Records
Zoning Description:

Residential,Retail
Zoning Jurisdiction:

City
View:

Bay
View:

true
Waterfront:

false
Possible Use:

Residential, Retail
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

8094

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Hot Water Recirc Pump

Utilities

Water Company:

City Of Port Townsend
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

City Of Port Townsend
Power Company:

Pud
Water Sewer Garbage:

3154

Schools

Elementary School:

Salish Coast Elementary
Middle Or Junior School:

Blue Heron Mid
High School:

Port Townsend High
High School District:

Port Townsend #50

The Community

Subdivision Name:

Downtown
Amenities:

Basement
Senior Community:

false
Association:

false

Parking

Parking Total:

1
Open Parking:

false
Carport:

false
Covered Spaces:

1

Listing courtesy of NWMLS / Coldwell Banker Best Homes

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Sat Jul 12 2025 09:24 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
7/10/25 Jul 10, 2025	Listed / Active	NWMLS	$1,650,000

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This multifamily located in Port Townsend 98368 is currently for sale for $1,650,000. 702 Water Street Unit 1-3 is a 5,760 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Port Townsend High School, Blue Heron Middle School, and Grant Street Elementary School.

Listing courtesy of NWMLS / Coldwell Banker Best Homes

Disclaimer: The information contained in this listing has not been verified by Coldwell Banker Best Homes and should be verified by the buyer.