$400,000
99 XX Rainier Street, Port Townsend, WA 98368
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99 XX Rainier Street, Port Townsend, WA 98368 99 XX Rainier Street, Port Townsend, WA 98368 99 XX Rainier Street, Port Townsend, WA 98368 99 XX Rainier Street, Port Townsend, WA 98368 99 XX Rainier Street, Port Townsend, WA 98368
99 XX Rainier Street, Port Townsend, WA 98368 99 XX Rainier Street, Port Townsend, WA 98368 99 XX Rainier Street, Port Townsend, WA 98368 99 XX Rainier Street, Port Townsend, WA 98368 99 XX Rainier Street, Port Townsend, WA 98368

MLS #2528497 / Listing provided by NWMLS & Windermere R.E. Port Townsend.

$400,000

99 XX Rainier Street
Port Townsend, WA 98368

Active 1 day ago

Discover a rare and unique investment opportunity in the City of Port Townsend. This R-IV Multi-Family parcel is positioned at the corner of Rainier Street and Discovery Road. Much of the critical infrastructure is already established, including utilities in the street, brand-new sidewalks along Discovery Road, and integrated walking trails on Rainier Street that enhance the site’s future curb appeal and walkability. This property benefits from R-IV high-density zoning and the City of Port Townsend’s Multi-Family Tax Exemption (MFTE) programs. These incentives provide a clear path to maximizing ROI in a high-demand housing market. The R-IV zoning allows for 10–24 dwellings per structure, with a total density range of 15 to 48 units per 40,000 square feet (~1 acre). Whether you envision a residential complex or a maximum-density apartment project, this site offers the rare combination of established infrastructure, tax advantages, and a premier location. Secure one of Port Townsend's high-density parcels in this vibrant community and bring your vision to life.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: No
  • Cooling: No
Exterior Features

Lot Details

  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 1.17
Area Features

Schools

  • High School District: Port Townsend #50
  • High School: Port Townsend High
  • Middle School: Blue Heron Mid
  • Elementary School: Salish Coast Elementary

Lot Details

  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 1.17
Utilities

Water, Sewer, and Garbage

  • Sewer: In Street
  • Water Source: In Street
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