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$1,350,000
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Property Description
Victorian splendor! This is an opportunity to own a piece of Historic Port Townsend. Initially, this exceptional building was originally the State Bank of Washington. It is centrally located in the downtown Business District. Offering retail space on the ground floor and residential apartments on the 2nd and 3rd floors, some of which have views of Port Townsend Bay and the Cascade Mountains. The penthouse is very well-appointed, featuring a grand fireplace and an easy-to-use kitchen. The building was extensively remodeled 10 years ago with updated electrical, plumbing & windows. The main floor retail space has a ductless heat pump.
Full Property Details
Full Property Details for 1020 Water St
General
- Sold For: $1,350,000
- Taxes: $9,772 (2024)
- Status: Closed
- Type: Industrial
- Source: NWMLS
- MLS ID: 2376031
- Added to Site: 332 day(s) ago
Interior
- Flooring: Softwood
Location
- Area: 480 - Port Townsend
- County: Jefferson
- Subdivision: Downtown
- Driving Directions: Follow State route 20 onto Water St. to destination
Heating & Cooling
- Heating Type: Baseboard
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Unspecified
- Exterior Const.: Brick
- Foundation: Block
- Roof: Flat
- Year Built: 1889
- Property Condition: Restored
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049
- Lot Size Source: County Records
- Lot Dimensions: 27' x 110' x 27' x 110'
- Topography: Level
- Zoning: Commercial
Financial Considerations
- Tax Amount: $9,772
- Tax Year: 2024
- Terms: Cash, Conventional, Owner Will Carry
Disclosures and Reports
- Special Conditions: None
- Surveyed: true
- Property ID: 989703904
Listed by Michael Morrow | John L. Scott Port Townsend | (360) 210-1101
Sold by Michelle Sandoval | Windermere R.E. Port Townsend
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Schools
Schools serving 1020 Water St
School District:Port Townsend School District
| Name | Grades | Distance |
|---|---|---|
Salish Coast Elementary 1637 Grant Street, Port Townsend, WA 98368 | PK-5 | 1.6 mi |
Blue Heron Middle School 3939 San Juan Avenue, Port Townsend, WA 98368 | 6-8 | 1.4 mi |
Port Townsend High School 1500 Van Ness Street, Port Townsend, WA 98368 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1020 Water St
Date
Details
Price
Change
Source
4/06/2026
Sold
$1,350,000
-10%
MLS
8/19/2025
Price Reduced
$1,500,000
-16.67%
MLS
5/15/2025
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1020 Water Street, Port Townsend, WA 98368 (MLS# 2376031) is a Industrial property that was sold at $1,350,000 on April 06, 2026. Want to learn more about 1020 Water Street? Do you have questions about finding other Industrial real estate for sale in Port Townsend? You can browse all Port Townsend real estate or contact a Coldwell Banker agent to request more information.

