Seize the once in a lifetime opportunity to own one of Whidbey Island’s most historic and pristine pieces of waterfront. Spanning 60+ feet of commercial across Coupeville’s most bustling corridor, this seven-unit building offers a mix of four commercial spaces and three licensed short term rental units. Views of stunning marine wildlife and serene Penn Cove can be enjoyed from almost every space. This property has been strenuously restored with new pilings, siding, and systems throughout. Including two parcels, there are still incredible opportunities to expand, or keep as-is and enjoy the cash flow with strong rental history. Minutes to Fort Ebey, the Coupeville/Port Townsend ferry, & multiple access routes to Seattle, Bellevue & Everett.
Nestled above picturesque Penn Cove, with the charming downtown waterfront just a quick lovely stroll away, this property offers a rare opportunity. Currently fully rented, it's ideal for investors seeking steady income or homeowners looking to offset costs by renting out additional units. Recent upgrades such as new roofs, gutters, siding, and updated plumbing and electrical systems ensure peace of mind. Views from all three units plus private back patios on the duplex. Each unit maintains separate water and electric meters for convenience and efficiency. Discover a blend of coastal beauty and practicality in this versatile investment opportunity.
The median home value in Coupeville, WA is $542,400. This is lower than the county median home value of $544,500. The national median home value is $338,100. The average price of homes sold in Coupeville, WA is $542,400. Approximately 52.03% of Coupeville homes are owned, compared to 30.08% rented, while 17.89% are vacant. Coupeville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Coupeville real estate agent to arrange a tour today!
Coupeville, Washington 98239 has a population of 1,937. Coupeville 98239 is less family-centric than the surrounding county with 17.16% of the households containing married families with children. The county average for households married with children is 26.09%.
The median household income in Coupeville, Washington 98239 is $64,821. The median household income for the surrounding county is $75,628 compared to the national median of $69,021. The median age of people living in Coupeville 98239 is 63.8 years.
The average high temperature in July is 70.7 degrees, with an average low temperature in January of 37.3 degrees. The average rainfall is approximately 20.3 inches per year, with 3.7 inches of snow per year.