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    Port Townsend, WA
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    Port Townsend, WA Multifamily Properties for Sale

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    Coupeville, WA Port Hadlock, WA Greenbank, WA Sequim, WA Camano Island, WA Oak Harbor, WA Freeland, WA Quilcene, 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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 56 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 47 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Income-Producing Property in Oak Harbor
    Income-Producing Property in Oak Harbor

    3100 Taylor Rd, Oak Harbor, WA 98277

    $1,300,000
    4,350 sqft

    Two duplexes and a house with great rental history.

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    Approved Multifamily Development Land
    Approved Multifamily Development Land

    991 E Hammond, Sequim, WA 98382

    $435,000
    0.80 AC lot

    Multifamily-zoned land with design review approval and completed grading and utility plans ready for final review.

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    Residential Income Property
    Residential Income Property

    137 FAIRWAY DR, Sequim, WA 98382

    Contact for pricing
    2,579 sqft

    Residential income property offered for sale with one unit at 137 Fairway Dr.

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    Oak Harbor Mixed-Use Building
    Oak Harbor Mixed-Use Building

    880 SE Pioneer Way, Oak Harbor, WA 98277

    $699,999

    Mixed-use building with bar, restaurant, and residential income potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Sequim Land with Panoramic Views
    Sequim Land with Panoramic Views

    463 Miller Road, Sequim, WA 98382

    $1,199,000
    9.90 AC lot

    9.9 acres with saltwater, mountain, and city views.

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    RV-Ready Lot Near Pacific Ocean
    RV-Ready Lot Near Pacific Ocean

    33702 G Street, Ocean Park, WA 98640

    $109,000

    RV-ready lot with canal frontage near the Pacific Ocean.

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    Naches RV Resort Bluff-Top Lot
    Naches RV Resort Bluff-Top Lot

    62-1769 Naches Wenas Rd, Selah, WA 98942

    $110,000

    Bluff-top RV lot with full hookups and resort amenities.

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    Secluded RV Lot with Mountain Views
    Secluded RV Lot with Mountain Views

    1769 Naches Wenas Road, Unit 12, Selah, WA 98942

    $164,000
    0.12 AC lot

    Private RV lot with full hookups and resort amenities.

    View details

    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

    $765,000
    Estimated value
    9,836 sqft 0.69 AC lot
    View details
    1757 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1757 Landes St, Port Townsend, WA 98368-8319

    Value Estimation by Request
    0.08 AC lot
    View details
    1705 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1705 Landes St, Port Townsend, WA 98368-8319

    Value Estimation by Request
    0.08 AC lot
    View details
    1733 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1733 Landes St, Port Townsend, WA 98368-8319

    Value Estimation by Request
    0.08 AC lot
    View details
    1749 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1749 Landes St, Port Townsend, WA 98368-8319

    Value Estimation by Request
    0.08 AC lot
    View details
    1773 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1773 Landes St, Port Townsend, WA 98368-8319

    Value Estimation by Request
    0.08 AC lot
    View details
    1785 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1785 Landes St, Port Townsend, WA 98368-8319

    Value Estimation by Request
    0.08 AC lot
    View details
    1946 Eddy St
    MOBILE HOME PARK, TRAILER PARK

    1946 Eddy St, Port Townsend, WA 98368-5941

    Value Estimation by Request
    964 sqft 0.11 AC lot
    View details
    1814 Garfield St
    APARTMENT HOUSE (5+ UNITS)

    1814 Garfield St, Port Townsend, WA 98368-7951

    Value Estimation by Request
    3,408 sqft 0.13 AC lot
    View details
    737 Franklin St, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    737 Franklin St, Port Townsend, WA 98368-5840

    Unit 1
    Value Estimation by Request
    2,796 sqft 0.25 AC lot
    View details
    2500 9th St
    APARTMENT HOUSE (5+ UNITS)

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

    Value Estimation by Request
    0.81 AC lot
    View details
    409 Walker St
    APARTMENT HOUSE (5+ UNITS)

    409 Walker St, Port Townsend, WA 98368-6906

    Value Estimation by Request
    2,392 sqft 0.18 AC lot
    View details
    824 Grant St
    APARTMENT HOUSE (5+ UNITS)

    824 Grant St, Port Townsend, WA 98368-2477

    Value Estimation by Request
    14,147 sqft 0.46 AC lot
    View details
    1509 9th St
    APARTMENT HOUSE (5+ UNITS)

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

    $4,575,000
    Estimated value
    14,800 sqft 0.92 AC lot
    View details
    717 Franklin St, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    717 Franklin St, Port Townsend, WA 98368-5838

    Unit 1
    $590,000
    Estimated value
    2,266 sqft 0.06 AC lot
    View details
    190 Lowr Adelma Bch Rd
    MOBILE HOME PARK, TRAILER PARK

    190 Lowr Adelma Bch Rd, Port Townsend, WA 98368-9645

    $680,000
    Estimated value
    672 sqft 0.58 AC lot
    View details
    1033 Pierce St
    APARTMENT HOUSE (5+ UNITS)

    1033 Pierce St, Port Townsend, WA 98368-6461

    Value Estimation by Request
    2,597 sqft 0.12 AC lot
    View details
    730 Willow St
    APARTMENT HOUSE (5+ UNITS)

    730 Willow St, Port Townsend, WA 98368-5242

    Value Estimation by Request
    3,200 sqft 0.23 AC lot
    View details
    4831 Discovery Rd
    MOBILE HOME PARK, TRAILER PARK

    4831 Discovery Rd, Port Townsend, WA 98368-9022

    Value Estimation by Request
    983 sqft 4.17 AC lot
    View details
    1201 Hancock St
    APARTMENT HOUSE (5+ UNITS)

    1201 Hancock St, Port Townsend, WA 98368-8513

    Value Estimation by Request
    4.09 AC lot
    View details
    819 Washington St
    APARTMENT HOUSE (5+ UNITS)

    819 Washington St, Port Townsend, WA 98368-5719

    Value Estimation by Request
    3,543 sqft 0.03 AC lot
    View details
    633 Van Buren St
    APARTMENT HOUSE (5+ UNITS)

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

    Value Estimation by Request
    7,824 sqft 0.60 AC lot
    View details
    6062 State Rte 20
    MOBILE HOME PARK, TRAILER PARK

    6062 State Rte 20, Port Townsend, WA 98368-9328

    Value Estimation by Request
    712 sqft 21.33 AC lot
    View details

    Port Townsend, WA Multifamily Properties Market Trends and Statistics

    Explore 48 multifamily properties for sale in Port Townsend, WA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,500,000.

    Sale prices for multifamily properties in Port Townsend, WA start at $1,500,000, averaging $1,500,000, and reaching up to $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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    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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