Development Opportunity in Port
For Sale
$199,000
123 E 4th Street #See Legal, Port Orchard, WA 98366
Residential development lot with multiple building options and preliminary approvals.
Property SizeContact for details
Days on Market437
Property Features for 123 E 4th Street #See Legal
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$414
Listing Agency:
PARAMOUNT REAL ESTATE GROUP
Listed By:
JAMES J BERGSTROM
Source:
Corcoran
Added: May 30, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PARAMOUNT REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This property presents a development opportunity with preliminary plat approval already secured. The lot, in its current state, can accommodate a duplex. Alternatively, preliminary short plat approval indicates the possibility of constructing either two houses with Accessory Dwelling Units (ADUs) or two duplexes. There is also potential for rezoning to allow for a four-plex. The seller has completed a survey, engineering reports, geotechnical reports, and wetland delineation, and the building sites have been cleared. The property offers a view of a neighboring creek. This opportunity is suitable for short-term profit or long-term buy-and-hold investment strategies.
Key Highlights
- Preliminary short plat approval for 2 houses with ADU or 2 duplexes.
- Potential for rezoning to allow a 4‑plex.
- All reports completed: Survey, Engineering, Geotech, Wetland Delineation.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 98366, WA
36,969
Population
15,391
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
1,580
Density / Sq Mi
$88,807
Median Household Income
$51,884
Median Earnings
$1,704
Median Rent
$449,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential development lot with multiple building options and preliminary approvals.
Where is this residential land & home lot located?
The property is located at 123 E 4th Street #See Legal Port Orchard, WA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Preliminary short plat approval for 2 houses with ADU or 2 duplexes.; Potential for rezoning to allow a 4‑plex.; All reports completed: Survey, Engineering, Geotech, Wetland Delineation.
