99 XX Rainier Street, Port Townsend, WA 98368
Courtesy of Windermere R.E. Port Townsend
- $375,000
- List Price
- $375,000
- Status
- ACTIVE
- Days on Market
- 113
- Price Change
- ▼ $25,000 1788903736
- MLS#
- 2528497
- Subtype
- Land
- Style
- 42 - Multi-Family
- Lot Size
- 50,965
- Acres
- 1.17
- Subdivision
- Port Townsend
- Neighborhood
- Port Townsend
- Building Name
- Phillip's Addition
- MLS Area Major
- Port Townsend
Property Description
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.
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Additional Information
- Property Description
- 42 - Multi-Family
- School District
- Port Townsend #50
- Elementary School
- Salish Coast Elementary
- Middle School
- Blue Heron Mid
- High School
- Port Townsend High
- View
- Territorial
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