Listed By:
COMPASS and NWMLS
Address
1020 Water Street, Port Townsend, WA
Price
$ 2,300,000
Property Attributes
  • ID#2053615
  • TypeMulti-Family
  • CountyJEFFERSON
  • CityPort Townsend
  • AreaPort Townsend
  • NeighborhoodDowntown
  • Zip98368
  • Style5-9 Units
  • Year Built1889
  • Taxes$ 7317
  • Price$ 2,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7425
  • Lot Size3,023 SqFt
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Rare opportunity to own the historic Pioneer Building in downtown Port Townsend. Stunning water & mountain preserved views from 2nd & 3rd floors. 1st floor: 2.5k sq ft retail space with 2 bath & large storage room. 2nd floor: water-facing 1.3k sq ft apartment loft with 1 bath, 1.3k sq ft studio/office (potential apartment/additional income) & common area laundry with 1 bath. 3rd floor: water-facing 1.3k sq ft penthouse loft with 1 bath & 1.3k sq ft 2 bed apartment loft with 1 bath. Incredible atrium spans the heart of the building from floor to ceiling. Modern updates throughout while maintaining period charm. Past upgrades: seismic & structural, windows, electrical, plumbing, roof & cosmetic.

Price History
4/7/2023 Listed $2,500,000
5/5/2023 4% - $2,400,000
5/25/2023 5% - $2,300,000

General Features

Amenities See Remarks
Building Area Units Square Feet
Carport Y/N No
City Port Townsend
County Jefferson
Directions Pioneer Building: 1020 Water St, Port Townsend. 1st floor is World's End retail store.
Electric Expense 150
Exterior Features Brick
High School District Port Townsend #50
Interior Features Hardwood
Leasable Area 7425
Listing Terms Cash Out, Conventional, Owner Financing
Lot Size Square Feet 3022
MLS Area 480 - Port Townsend
New Construction No
Possession Closing, Tenant's Rights
Possible Use Commercial
Property Condition Very Good
Property Style 55 - 5-9 Units
Property SubType Multi-Family
Property Type Residential Income
Public Remarks Rare opportunity to own the historic Pioneer Building in downtown Port Townsend. Stunning water & mountain preserved views from 2nd & 3rd floors. 1st floor: 2.5k sq ft retail space with 2 bath & larg
Roof Torch Down
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Water
Structure Type Multi Family
Subdivision Name Downtown
Tax Annual Amount 7317
Tax Year 2023
Total Units 5
Units Below Grade false
Units In Building Total 5
View Bay, City, Mountain(s), Sound, Strait, Territorial
View Y/N Yes
Water Company City of Port Townsend
Water Sewer Garbage 200
Waterfront Y/N No
Year Built 1889
Zoning Class Commercial

Interior Features

Air Conditioning Y/N No
Fireplace Y/N No
Flooring Hardwood
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric, Propane
Street Suffix Street
Total Stories 3

Exterior Features

Building Area Total 7425
Foundation Details Block, See Remarks
Irrigation Water Rights Y/N No
Lot Dimensions 27.5 x 110
Lot Number 3 (1/2)
Lot Size Acres 0.0694
Lot Size Units Square Feet
Open Parking Y/N No
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98368

Price
AVG $3.43M
$2.3M
Taxes
AVG $14,943
$7,317
Visits
AVG 96
267
Data Provided by Inside Real Estate®
Year Built
AVG 1945
1889
Walkscore
AVG 49
78
Data Provided by Walkscore® not using MLS data

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