Historic Mixed-Use Building For
For Sale
$1,500,000
1020 Water Street, Port Townsend, WA 98368
Downtown Port Townsend mixed-use building with retail and residential units.
Property SizeContact for details
Days on Market478
Property Features for 1020 Water Street
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$9,772
Building Details
Year Built
1889
Listing Agency:
JOHN L. SCOTT PORT TOWNSEND
Listed By:
MICHAEL MORROW
Source:
Corcoran
Added: May 15, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT PORT TOWNSEND
Investment Insights
Based on property information with market context.
This historic building, originally the State Bank of Washington, is centrally located in the downtown Business District of Port Townsend. The mixed-use property features retail space on the ground floor and residential apartments on the 2nd and 3rd floors. Some of the apartments offer views of Port Townsend Bay and the Cascade Mountains. The penthouse is well-appointed and includes a grand fireplace and an easy-to-use kitchen. The building was extensively remodeled 10 years ago, with updated electrical, plumbing, and windows. The main floor retail space is equipped with a ductless heat pump.
Key Highlights
- Historic building: Originally the State Bank of Washington.
- Mixed‑use property: Retail space on the ground floor and residential apartments on the upper floors.
- Central downtown location: Situated in the heart of the Business District.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 98368, WA
16,567
Population
9,739
Households
1.7
Avg Household Size
61
Median Age
51%
College-Educated
97%
High-School Grad
52.3 sq mi
ZIP Area
317
Density / Sq Mi
$67,061
Median Household Income
$36,686
Median Earnings
$1,349
Median Rent
$511,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Port Townsend mixed-use building with retail and residential units.
Where is this mixed-use property located?
The property is located at 1020 Water Street Port Townsend, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Historic building: Originally the State Bank of Washington.; Mixed‑use property: Retail space on the ground floor and residential apartments on the upper floors.; Central downtown location: Situated in the heart of the Business District.
