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Listing courtesy of NWMLS / RE/MAX Gateway

707 Madrona Way

Coupeville, WA 98239

– beds
– baths
2,603 sqft
~1/2 acre lot
$449 per sqft
1950 build

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.

Listing courtesy of NWMLS / RE/MAX Gateway

Last checked: Checking… • Last updated Mar 27, 2025 •

MLS# 2341369 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1950
New Construction:

false
Structure Type:

Triplex
Roof:

See Remarks
Foundation Details:

Poured Concrete
Exterior Features:

Cement Planked
Units In Building Total:

3
# of Units Total:

3
Stories Total:

1
Building Area Total:

2603
Building Area Units:

Square Feet
Calculated SqFt:

2603
SqFt Source:

Public Records
Construction Materials:

Cement Plank

Interior

Interior Features:

Wall to Wall Carpet
Flooring:

Vinyl, Vinyl Plank, Carpet
Fireplace:

false

Financial & Terms

Possession:

Tenant's Rights

Location

Latitude:

48.218659
Longitude:

-122.695964
Directions:

From Hwy 20, head South on Madrona Way, home will be on the right just before you enter Coupeville

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Parcel Number:

R132333101640
Lot Features:

Open Space, Paved
Lot Size Units:

Square Feet
Lot Size Acres:

0.59
Lot Size SqFt:

25700
Lot Size Source:

Public Records
Zoning Description:

Residential
View:

Bay, Mountain(s), Partial, Sound
View:

true
Waterfront:

false
Possible Use:

Residential
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

4445.47

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard, Wall Unit(s)

Utilities

Water Company:

Town Of Coupeville
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

Town Of Coupeville
Power Company:

Pse

Schools

Elementary School:

Coupeville Elem
Middle Or Junior School:

Coupeville Mid
High School:

Coupeville High
High School District:

Coupeville

The Community

Subdivision Name:

Coupeville
Senior Community:

false
Association:

false

Parking

Parking Total:

5
Parking Uncovered Spaces:

1
Open Parking:

true
Open Parking Spaces:

1
Carport:

false
Covered Spaces:

1

Listing courtesy of NWMLS / RE/MAX Gateway

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Mon Mar 31 2025 12:33 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
3/6/25 Mar 6, 2025	Listed / Active	NWMLS	$1,169,000	151.4% (29.2% / YR)
1/10/25 Jan 10, 2025	Listed / Active	NWMLS
7/12/24 Jul 12, 2024	Listed / Active	NWMLS

Multifamily For Sale

$1,169,000

Listing provided by broker:

Adam Baldwin

RE/MAX Gateway

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This multifamily located in Coupeville, WA 98239 is currently for sale for $1,169,000. 707 Madrona Way is a 2,603 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Coupeville Elementary School, Coupeville High School, Coupeville Middle School, and Sland Juvenile Detention Education Program.

Listing courtesy of NWMLS / RE/MAX Gateway

Disclaimer: The information contained in this listing has not been verified by RE/MAX Gateway and should be verified by the buyer.