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.
Active
Listed by:
Adam Baldwin,
RE/MAX Gateway,
Kelli Lang,
RE/MAX Gateway
$1,169,000
707 Madrona Way, Coupeville, WA 98239
6beds
4baths
2,603sqft
Est.:
Triplex
Built in 1950
-- sqft lot
$1,114,800 Zestimate®
$449/sqft
$-- HOA
What's special
Charming downtown waterfront
- 50 days
- on Zillow |
- 764 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 01:43pm
Listed by:
Adam Baldwin,
RE/MAX Gateway,
Kelli Lang,
RE/MAX Gateway
Source: NWMLS,MLS#: 2341369

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Baseboard, Wall Furnace
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank, Carpet, Wall to Wall Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,603
- Total interior livable area: 2,603 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Covered spaces: 1
- Uncovered spaces: 1
Features
- Has view: Yes
- View description: Bay, Mountain(s), Partial, Sound
- Has water view: Yes
- Water view: Bay,Sound
Lot
- Size: 0.59 Acres
- Features: Open Lot, Paved, High Speed Internet, Outbuildings, Shop
Details
- Parcel number: R132333101640
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: See Remarks
Condition
- Year built: 1950
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Town of Coupeville
- Water: Public, Company: Town of Coupeville
Community & HOA
Community
- Subdivision: Coupeville
Location
- Region: Coupeville
Financial & listing details
- Price per square foot: $449/sqft
- Tax assessed value: $540,011
- Annual tax amount: $4,445
- Date on market: 7/10/2024
- Listing terms: Cash Out,Conventional,Owner Will Carry,VA Loan
- Cumulative days on market: 290 days
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