Climate change has resulted in increased intensity and frequency of typhoons and storm surges. Accordingly, attention has been paid to securing the breakwater’s stability to protect the safety of the port. Herein, hydraulic model experiments were conducted to evaluate the hydraulic performance of a vertical breakwater having a rear parapet. For comparison, cases in which the parapet was placed on the seaside, the harborside, and at the center of the breakwater were considered. Regular waves were used for convenient performance analysis. Five wave gauges and nine pressure transducers were installed to secure physical data for hydraulic performance evaluation. Results showed that a rear parapet can reduce the maximum wave force acting on the breakwater. Even though impulsive pressure was generated, it did not affect the stability of the breakwater owing to the phase difference between the maximum wave pressures acting on the caisson and parapet. By decreasing the maximum wave force, the required self-weight that satisfies the safety factor of 1.2 was reduced by up to 82.7%; the maximum bearing pressure was reduced by up to 47.6% compared with that of the parapet located on the seaside. Thus, the rear parapet was found to be more suitable for actual applications.