Listings courtesy of Northwest MLS as distributed by MLS GRID. Listing Agent: Andreas George Andreadis | Office: Windermere R.E. Port Townsend

For Sale

$400,000

99 XX Rainier Street
Port Townsend, WA 98368

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 Keller Williams Premier Partners Star Team and should be verified by the buyer.

Mike Wallin

Keller Williams Premier Partners Star Team

360-560-3636

Mike Wallin

Keller Williams Premier Partners Star Team

360-560-3636

Listings courtesy of Northwest MLS as distributed by MLS GRID.
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Based on information submitted to the MLS GRID as of 2026-06-12 13:44:26 (GMT / UTC +0). 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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99 XX Rainier Street Port Townsend, WA 98368

99 XX Rainier Street
Port Townsend, WA 98368