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Listed by: Andreas George Andreadis (360) 821-1749 | Windermere R.E. Port Townsend (360) 385-9344
$375,000
Monthly Est:$1,867
-- Bed
-- Bath
1.17acres lot
99 Xx Rainier St, Port Townsend, WA 98368
$375,000
$1,867/moEst:
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Land
Built in -
$-- HOA
1.17 acres lot
$320,513/acre
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 21, 2026 at 4:37 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2528497
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
1.17 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2528497
MLS Status
Active
Days on Market
134
Cumulative Days on Market
133
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
In Street
Utilities & Energy
Water Source
In Street
Utilities
Electricity Available
Other Features
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Subdivision Name
Port Townsend
Price History
| Date | Event | Price |
|---|---|---|
05/22/2026 Source: | Price Increased | $400,000 +6.67% $0/sqft |
05/22/2026 Source: | Listed for Sale | $375,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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