Three-Story Mixed-Use
For Sale
Contact for pricing
940 Water Street, Port Townsend, WA 98368
Corner property combining upper-floor multifamily units with retail suites in a downtown waterfront setting.
Property SizeContact for details
Days on Market145
Property Features for 940 Water Street
General Information
Standard status
Active
Property subtype
Retail, Multifamily, Mixed Use
Occupancy
98%
Building Details
Stories
3
Listing Agency:
Kidder Mathews Seattle
(206) 296-9600
Listed By:
David Gellner · License #WA 112893
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 8:26AM
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 Kidder Mathews Seattle
Investment Insights
Based on property information with market context.
The three-story building combines multifamily residences on its upper floors with retail suites occupying the remaining portion of the property. Multifamily units account for 49% of the gross leasable area, while retail uses comprise the balance. Overall occupancy is 98%.
Positioned at 940 Water Street in Port Townsend, the property occupies a corner location within the downtown waterfront area. The setting is characterized by significant foot traffic and demand for multifamily housing, with both residential and retail components integrated within one asset.
Positioned at 940 Water Street in Port Townsend, the property occupies a corner location within the downtown waterfront area. The setting is characterized by significant foot traffic and demand for multifamily housing, with both residential and retail components integrated within one asset.
Key Highlights
- 98% occupied mixed‑use building
- Three‑story configuration with multifamily units on the upper floors
- Multifamily units comprise 49% of GLA
Property Analytics
Property Profile
Current Use
Lease Details
98%
Occupancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combining upper-floor multifamily units with retail suites in a downtown waterfront setting.
Where is this mixed-use property located?
The property is located at 940 Water Street Port Townsend, WA.
What are key features of this property?
This property features: 98% occupied mixed‑use building; Three‑story configuration with multifamily units on the upper floors; Multifamily units comprise 49% of GLA
