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$1,575,000

  • Sold
  • Closed
  • Multi-Family

Listed by Nicole Blasucci | Coldwell Banker Best Homes | (360) 385-0836
Sold by Amanda Steurer-Zamora | Bell Tower Brokers

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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.

Full Property Details for 702 Water St #1-3

General

  • Sold For: $1,575,000
  • Taxes: $8,094 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2402933
  • Added to Site: 194 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Parking

  • Covered Spaces: 1

Location

  • Area: 480 - Port Townsend
  • County: Jefferson
  • Subdivision: Downtown
  • Driving Directions: East on Water St., property sits at the corner of Water St. & Quincy.

School Information

  • High School District: Port Townsend #50
  • Elementary School: Salish Coast Elementary
  • Middle School: Blue Heron Mid
  • High School: Port Townsend High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water Recirc Pump

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Triplex
  • Exterior Const.: Stone
  • Roof: Torch Down
  • Stories in Building: 2
  • Square Feet: 5,760
  • Year Built: 1884

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Bay
  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,485
  • Lot Size Source: Public Records
  • Lot Features: Corner Lot, Paved, Sidewalk
  • Zoning: Residential, Retail

Financial Considerations

  • Tax Amount: $8,094
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 989704201

Listed by Nicole Blasucci | Coldwell Banker Best Homes | (360) 385-0836
Sold by Amanda Steurer-Zamora | Bell Tower Brokers

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NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 702 Water St #1-3

School District:Port Townsend School District
NameGradesDistance
Salish Coast Elementary
1637 Grant Street, Port Townsend, WA 98368
PK-51.7 mi
Blue Heron Middle School
3939 San Juan Avenue, Port Townsend, WA 98368
6-81.5 mi
Port Townsend High School
1500 Van Ness Street, Port Townsend, WA 98368
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 702 Water St #1-3

Date
Details
Price
Change
Source
10/31/2025
Sold
$1,575,000
-4.55%
MLS
7/09/2025
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Nicole Blasucci | Coldwell Banker Best Homes | (360) 385-0836
Sold by Amanda Steurer-Zamora | Bell Tower Brokers

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702 Water St, Port Townsend, WA 98368 - Photo 1 Sold
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702 Water St  #1-3  Port Townsend, WA 98368

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Listed by Nicole Blasucci | Coldwell Banker Best Homes
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702 Water Street #1-3, Port Townsend, WA 98368 (MLS# 2402933) is a Multi-Family property that was sold at $1,575,000 on October 31, 2025. Want to learn more about 702 Water Street #1-3? Do you have questions about finding other Multi-Family 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.