Listed by Coldwell Banker Bain
$1,650,000

199 Main St Eastsound, WA 98245

Estimated payment $9,473/month

Total Views 10,570
2 Beds
2 Baths
3,344 Sq Ft
$493 Price per Sq Ft

Highlights

  • Views of a Sound
  • RV Access or Parking
  • No HOA
  • Orcas Island High School Rated A
  • Deck
  • 1-minute walk to Eastsound Waterfront Park

About This Home

In the vibrant heart of Eastsound Village, this 1.3-acre property offers excellent visibility and income potential in one of the most desirable locations on Orcas Island. The 3300+ building includes street-level retail, 2-bed apartment above, detached garage and parking lot. Surrounded by hotels, restaurants, shops, and directly adjacent to the community park—home to the beloved farmers market, concerts/events—this is a rare opportunity to invest in a high-visibility, high-traffic area. Generate income while you plan for future development or maintain the existing setup as a live/work investment. With a combination of prime location, flexible zoning, and built-in income, this property offers both immediate value and long-term potential.

Listing Agent

Tina Grace

Coldwell Banker Bain License #46692 Listed on: 10/21/2024

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2304190

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,000

Year Built

  • Built in 1974

Lot Details

  • 1.37 Acre Lot
  • Value in Land

Property Views

  • Views of a Sound
  • Bay
  • Territorial

Home Design

  • Duplex
  • Flat Roof Shape
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,344 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 10 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Schools

  • Orcas Elementary School
  • Orcas Isl Mid Middle School
  • Orcas Isl High School

Utilities

  • Radiator
  • Baseboard Heating
  • Propane
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Eastsound Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 271451011000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,000

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1974
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3344
  • Special Features: None
  • Cumulative Days on Market: 477

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition, Flat
  • View: Bay, Sound, Territorial
  • Lot Features: Adjacent to Public Land, Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank, Sewer Connected
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Fireplace Insert, Radiator
  • Heating Yn: Yes
  • PowerCompany: OPALCO
  • SewerCompany: Eastsound Sewer & Water (ESWD)
  • WaterCompany: Eastsound Water (EWUA)
  • WaterSewerGarbage: 1764

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Orcas Island
  • High School: Orcas Isl High
  • Middle Or Junior School: Orcas Isl Mid

Lot Info

  • Parcel Number: 271451011000
  • Lot Size Acres: 1.3692
  • Lot Size Sq Ft: 59642
  • Zoning Description: Business,Commercial,Multi-Family,Office,Residential,Retail
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,Propane,RV Parking
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • GrossRentMultiplier: 26.19
  • LeasedItems: None
  • TotalMonthlyIncome: 5250

Multi Family

  • Gross Scheduled Income: 63000
  • Net Operating Income: 53236
  • Number Of Units Total: 2
  • Insurance Expense: 2000
  • Leasable Area: 4072
  • EnergySource: Electric,Propane
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6000

MLS Schools

  • Elementary School: Orcas Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,000 $1,026,240 $520,420 $505,820
2023 $4,408 $810,230 $433,680 $376,550
2022 $4,860 $810,230 $433,680 $376,550
2021 $5,704 $737,080 $394,250 $342,830
2020 $5,852 $737,080 $394,250 $342,830
2019 $5,703 $737,080 $394,250 $342,830
2018 $5,681 $1,052,740 $714,110 $338,630
2017 $4,151 $714,110 $375,480 $338,630
2016 $6,269 $574,970 $315,530 $259,440
2015 $6,269 $574,970 $315,530 $259,440
2014 $6,269 $680,140 $420,700 $259,440
2012 $6,269 $699,270 $467,440 $231,830
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 For Sale $1,650,000 0.0% $493 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
10/21/2024 10/21/24 For Sale $1,650,000 -- $493 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2304190

Northwest Multiple Listing Service (NWMLS)

APN: 271451-011-000