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.
Active
Listed by: COMPASS • Emily Shepodd
$2,800,000
10 Front Street NW, Coupeville, WA 98239
3beds
3baths
6,480sqft
Multi Family
Built in 1864
-- sqft lot
$-- Zestimate®
$432/sqft
$-- HOA
What's special
Iconic waterfront corridorsNew pilingsMajor system upgrades
- --
- on Zillow
- 684
- views
- 50
- saves
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Emily Shepodd,
COMPASS,
Michael Konopik,
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2548704
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Ductless, Wall Furnace, Electric, Propane
Cooling
- Ductless
Features
- Flooring: Ceramic Tile, Laminate
- Has fireplace: No
Interior area
- Total structure area: 6,480
- Total interior livable area: 6,480 sqft
Property
Features
- Has view: Yes
- View description: City, Islands, Mountain(s), Sound, Territorial
- Has water view: Yes
- Water view: Sound
- Waterfront features: Low Bank, Saltwater, Sound
Lot
- Size: 4,791 Square Feet
- Dimensions: 60 x 69
- Features: Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
Details
- Parcel number: R132334093800
- Zoning description: Business,Commercial,Multi-Family,Retail,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Wood Siding, Wood Products
- Roof: Composition
Condition
- Restored
- Year built: 1864
- Major remodel year: 2016
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Town of Coupeville
- Water: Public, Company: Town of Coupville
- Utilities for property: Ziply, Ziply
Community & HOA
Community
- Subdivision: Coupeville
Location
- Region: Coupeville
Financial & listing details
- Price per square foot: $432/sqft
- Annual tax amount: $10,415
- Date on market: 7/2/2026
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,393/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | $2,800,000$432/sqft |
Source:  NWMLS as distributed by MLS GRID #2548704 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98239
Nearby schools
Schools provided by the listing agent
- Elementary: Coupeville Elem
- Middle: Coupeville Mid
- High: Coupeville High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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