Port Townsend Multi-Family
For Sale
$400,000
99-xx Rainier Street, Port Townsend, WA 98368
High-density zoned parcel with tax incentives in Port Townsend.
Property SizeContact for details
Days on Market138
Property Features for 99-xx Rainier Street
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$838
Amenities
0, 0, 0, 0
No
Brush,Evergreens,Heavily Forested
Paved
Listing Agency:
Windermere R.E. Port Townsend
(360) 385-9344
Listed By:
Andreas George Andreadis · License #27759
(360) 385-9344
Source:
Compass
Added: Mar 29
Changed: Aug 8
Last Checked: Jul 15 at 9:16PM
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 Windermere R.E. Port Townsend
Investment Insights
Based on property information with market context.
This multi-family parcel is located at the corner of Rainier Street and Discovery Road in Port Townsend. The property benefits from R-IV high-density zoning and the City of Port Townsend’s Multi-Family Tax Exemption (MFTE) programs. 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. Much of the critical infrastructure is already established, including utilities in the street, new sidewalks along Discovery Road, and integrated walking trails on Rainier Street. These features enhance the site’s future curb appeal and walkability. This site offers a combination of established infrastructure, tax advantages, and location. This property is an investment opportunity in a high-demand housing market.
Key Highlights
- R‑IV high‑density 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).
- Eligible for City of Port Townsend’s Multi‑Family Tax Exemption (MFTE) programs.
- Utilities in the street are already established.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 98368, WA
16,567
Population
9,739
Households
1.7
Avg Household Size
61
Median Age
51%
College-Educated
97%
High-School Grad
52.3 sq mi
ZIP Area
317
Density / Sq Mi
$67,061
Median Household Income
$36,686
Median Earnings
$1,349
Median Rent
$511,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - High-density zoned parcel with tax incentives in Port Townsend.
Where is this residential land & home lot located?
The property is located at 99-xx Rainier Street Port Townsend, WA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: R‑IV high‑density 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).; Eligible for City of Port Townsend’s Multi‑Family Tax Exemption (MFTE) programs.; Utilities in the street are already established.
