REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by:Windermere R.E. Port Townsend • Andreas George Andreadis
$ 400,000
Est. payment | /mo
1.17 Acres Lot
$ 400,000
Est. payment | /mo
1.17 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Port Townsend
MLS Listing ID 2528497
Style 42 - Multi-Family
Annual Tax Amount $838
Lot Size 1.170 Acres
Lot Dimensions Irregular
Property Sub-Type Land
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.
Location
State WA
County Jefferson
Area 480 - Port Townsend
Interior
Fireplace false
Exterior
Utilities Available Electricity Available
View Y/N Yes
View Territorial
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer In Street
Water In Street
Schools
Elementary Schools Salish Coast Elementary
Middle Schools Blue Heron Mid
High Schools Port Townsend High
School District Port Townsend #50
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION