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Mixed-Use Building with Apartments
For Sale
Contact for pricing
Pending

926 Water Street, Port Townsend, WA 98368

Rebuilt in 2010 with street-level commercial space and separately metered apartments above.

Property SizeContact for details
Days on Market142

Property Features for 926 Water Street

General Information

Standard status Pending
Property subtype Industrial
Occupancy 100%

Additional Details

Utilities to Site Yes
Sprinkler System Yes

Building Details

Year Renovated 2010
Buildings 1
Stories 2
Construction brick
Tenancy Multi
Listing Agency: Coldwell Banker Best Homes Port Townsend
Listed By: Nicole Blasucci · License #WA
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 5:04PM

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 Coldwell Banker Best Homes Port Townsend

Investment Insights

Based on property information with market context.

The Kuhn Building is a mixed-use property with three commercial spaces at street level and four apartments on the second floor. A comprehensive 2010 rebuild addressed structural and seismic engineering, roofing, windows, electrical systems, plumbing, and fire protection. The retail component exceeds 2,500 square feet, while the apartments feature high ceilings, skylights, and in-unit washer and dryer connections or equipment as described.

The property is located at 926 Water Street in downtown Port Townsend. Each tenant has a separate meter, and fire sprinklers serve every unit. Occupancy is reported at 100%, with annual rent increases incorporated into the leases. The property combines commercial and residential income components within a rebuilt historic building.

Key Highlights

  • Three street‑level commercial spaces and four second‑floor apartments
  • More than 2,500 square feet of retail space
  • Comprehensively rebuilt in 2010 with structural and seismic engineering

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store HVAC Service Auto Repair Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

924
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Rebuilt in 2010 with street-level commercial space and separately metered apartments above.
Where is this mixed-use property located?
The property is located at 926 Water Street Port Townsend, WA.
What are key features of this property?
This property features: Three street‑level commercial spaces and four second‑floor apartments; More than 2,500 square feet of retail space; Comprehensively rebuilt in 2010 with structural and seismic engineering
(360) 390-4933 Call to check price and availability
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