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Port Townsend, WA

Apartment Building

Port Townsend, WA Apartment Buildings for Sale

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Coupeville, WA Port Hadlock, WA Port Ludlow, WA Greenbank, WA Sequim, WA Oak Harbor, WA Freeland, WA Camano Island, WA

Historic Mixed-Use Building For Sale

Updated: May 15, 2025

Historic Mixed-Use Building For Sale

1020 Water Street, Port Townsend, WA 98368

$1,500,000

Historic building: Originally the State Bank of Washington.
Mixed‑use property: Retail space on the ground floor and residential apartments on the upper floors.
Central downtown location: Situated in the heart of the Business District.
Penthouse apartment: Well‑appointed with a grand fireplace and easy‑to‑use kitchen.
Updated infrastructure: Extensively remodeled 10 years ago with updated electrical, plumbing, and windows.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 36 Potential Opportunities for your consideration. Besides 1 Active listings in Port Townsend, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 31 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Value-Add Multifamily Investment Opportunity

Value-Add Multifamily Investment Opportunity

2424 Rucker Ave, Everett, WA 98201

$2,450,000

11,856 sqft

Light value-add property with renovation upside in a desirable location.

Mixed-Use Opportunity in Growing Area

Mixed-Use Opportunity in Growing Area

615 Cedar Ave, Marysville, WA 98270

$1,100,000

8,261 sqft

Mixed-use property with multi-family potential in a growing area.

Stabilized Multifamily Asset in Marysville

Stabilized Multifamily Asset in Marysville

1094 Columbia Ave, Marysville, WA 98270

$5,750,000

Well-maintained multifamily property with high occupancy in central Marysville location.

Bay Vista Apartment Building

Bay Vista Apartment Building

2918 Nassau St, Everett, WA 98201

Contact for pricing

Apartment mix includes studio, one-bedroom, and two-bedroom units, with resident laundry, elevators, stairs, and decks.

Off-Market Properties in Port Townsend, WA

Consider similar Off-Market properties in Port Townsend, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

228 Logan St

APARTMENT HOUSE (5+ UNITS)

228 Logan St, Port Townsend, WA 98368-2258

$945,000

Estimated value

9,836 sqft 0.69 AC lot

1814 Garfield St

APARTMENT HOUSE (5+ UNITS)

1814 Garfield St, Port Townsend, WA 98368-7951

$280,000

Estimated value

3,408 sqft 0.13 AC lot

737 Franklin St, Unit 1

APARTMENT HOUSE (5+ UNITS)

737 Franklin St, Port Townsend, WA 98368-5840

Unit 1

$285,000

Estimated value

2,796 sqft 0.25 AC lot

2500 9th St

APARTMENT HOUSE (5+ UNITS)

2500 9th St, Port Townsend, WA 98368-2365

$320,000

Estimated value

0.81 AC lot

409 Walker St

APARTMENT HOUSE (5+ UNITS)

409 Walker St, Port Townsend, WA 98368-6906

$265,000

Estimated value

2,392 sqft 0.18 AC lot

824 Grant St

APARTMENT HOUSE (5+ UNITS)

824 Grant St, Port Townsend, WA 98368-2477

$385,000

Estimated value

14,147 sqft 0.46 AC lot

1509 9th St

APARTMENT HOUSE (5+ UNITS)

1509 9th St, Port Townsend, WA 98368-2353

$4,680,000

Estimated value

14,800 sqft 0.92 AC lot

717 Franklin St, Unit 1

APARTMENT HOUSE (5+ UNITS)

717 Franklin St, Port Townsend, WA 98368-5838

Unit 1

$610,000

Estimated value

2,266 sqft 0.06 AC lot

1033 Pierce St

APARTMENT HOUSE (5+ UNITS)

1033 Pierce St, Port Townsend, WA 98368-6461

$255,000

Estimated value

2,597 sqft 0.12 AC lot

730 Willow St

APARTMENT HOUSE (5+ UNITS)

730 Willow St, Port Townsend, WA 98368-5242

$265,000

Estimated value

3,200 sqft 0.23 AC lot

1201 Hancock St

APARTMENT HOUSE (5+ UNITS)

1201 Hancock St, Port Townsend, WA 98368-8513

$325,000

Estimated value

4.09 AC lot

819 Washington St

APARTMENT HOUSE (5+ UNITS)

819 Washington St, Port Townsend, WA 98368-5719

$225,000

Estimated value

3,543 sqft 0.03 AC lot

633 Van Buren St

APARTMENT HOUSE (5+ UNITS)

633 Van Buren St, Port Townsend, WA 98368-8048

$420,000

Estimated value

7,824 sqft 0.60 AC lot

1635 Fir St

APARTMENT HOUSE (5+ UNITS)

1635 Fir St, Port Townsend, WA 98368-3836

$270,000

Estimated value

4,372 sqft 0.23 AC lot

703 Van Buren St

APARTMENT HOUSE (5+ UNITS)

703 Van Buren St, Port Townsend, WA 98368-8054

$275,000

Estimated value

2,004 sqft 0.26 AC lot

491 Discovery Rd

APARTMENT HOUSE (5+ UNITS)

491 Discovery Rd, Port Townsend, WA 98368-6133

$855,000

Estimated value

26,840 sqft 3.04 AC lot

724 Tyler St

APARTMENT HOUSE (5+ UNITS)

724 Tyler St, Port Townsend, WA 98368-6567

$240,000

Estimated value

3,456 sqft 0.13 AC lot

1010 Cedar St

APARTMENT HOUSE (5+ UNITS)

1010 Cedar St, Port Townsend, WA 98368-4000

$295,000

Estimated value

3,324 sqft 0.24 AC lot

1605 10th St

APARTMENT HOUSE (5+ UNITS)

1605 10th St, Port Townsend, WA 98368-2357

$385,000

Estimated value

9,720 sqft 0.46 AC lot

1235 Landes St

APARTMENT HOUSE (5+ UNITS)

1235 Landes St, Port Townsend, WA 98368-8331

$550,000

Estimated value

34,000 sqft 2.35 AC lot

620 Hancock St

APARTMENT HOUSE (5+ UNITS)

620 Hancock St, Port Townsend, WA 98368-2452

$565,000

Estimated value

18,528 sqft 1.07 AC lot

112 Castellano Way

APARTMENT HOUSE (5+ UNITS)

112 Castellano Way, Port Townsend, WA 98368-5005

$610,000

Estimated value

16,087 sqft 2.37 AC lot

228 Thomas St

APARTMENT HOUSE (5+ UNITS)

228 Thomas St, Port Townsend, WA 98368-2268

$205,000

Estimated value

0.42 AC lot

Port Townsend, WA Apartment Buildings Market Trends and Statistics

Explore 32 apartment buildings for sale in Port Townsend, WA on our real estate platform.

Sale prices for two-family homes in Port Townsend, WA average $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 17K

Population Growth (5Y) +9.8%

Median Household Income $67,061

College Educated 73.0%

High-Yield Neighborhoods for Investment

Identify Port Townsend submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
98368	$1.5M

Taxes & Financing

Tax Rate (average for all types) 0.86%

Property Tax per SF $7.05 per SF

Tax Rate vs County Average 0.03 pp above county avg

Average Loan-to-Value 65.0%

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