Advertise
    Port Townsend, WA
    Multifamily

    Port Townsend, WA Multifamily Properties for Sale

    Notify Me
    List
    Map
    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.
    View details
    Mixed-Use Building with Apartments
    Updated: Apr 11
    Mixed-Use Building with Apartments

    926 Water Street, Port Townsend, WA 98368

    Contact for pricing
    Three street‑level commercial spaces and four second‑floor apartments
    More than 2,500 square feet of retail space
    Comprehensively rebuilt in 2010 with structural and seismic engineering
    100% occupancy with annual rent increases built into the leases
    Separate meters for each tenant and fire sprinklers in each unit
    View details
    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 54 Potential Opportunities for your consideration. Besides 2 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 1 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.

    Quadplex with Ocean Views
    Quadplex with Ocean Views

    14025 61st Pl W, Edmonds, WA 98026

    $1,434,000
    4,220 sqft 0.29 AC lot

    Four residential units feature oversized patios and balconies, hardwood floors, updated windows, and refreshed millwork.

    View details
    Quadplex with Oversized Patios
    Quadplex with Oversized Patios

    14025 61ST, Edmonds, WA 98026

    $1,434,000
    4,220 sqft 0.29 AC lot

    Four larger-than-standard units with oversized patios and sound-reducing concrete subfloors, plus coin-op laundry and multiple storage options.

    View details
    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.

    View details
    Train Car Short-Term Rental Property
    Train Car Short-Term Rental Property

    24 Old Coyote Way, Sequim, WA 98382

    $2,055,900

    Established guest lodging operation with remodeled cabooses, dining, recreation, laundry, and landscaped grounds.

    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.

    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

    $945,000
    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

    $255,000
    Estimated value
    0.08 AC lot
    View details
    1705 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1705 Landes St, Port Townsend, WA 98368-8319

    $260,000
    Estimated value
    0.08 AC lot
    View details
    1733 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1733 Landes St, Port Townsend, WA 98368-8319

    $260,000
    Estimated value
    0.08 AC lot
    View details
    1749 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1749 Landes St, Port Townsend, WA 98368-8319

    $260,000
    Estimated value
    0.08 AC lot
    View details
    1773 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1773 Landes St, Port Townsend, WA 98368-8319

    $260,000
    Estimated value
    0.08 AC lot
    View details
    1785 Landes St
    MOBILE HOME PARK, TRAILER PARK

    1785 Landes St, Port Townsend, WA 98368-8319

    $255,000
    Estimated value
    0.08 AC lot
    View details
    1946 Eddy St
    MOBILE HOME PARK, TRAILER PARK

    1946 Eddy St, Port Townsend, WA 98368-5941

    $285,000
    Estimated value
    964 sqft 0.11 AC lot
    View details
    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
    View details
    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
    View details
    2500 9th St
    APARTMENT HOUSE (5+ UNITS)

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

    $320,000
    Estimated value
    0.81 AC lot
    View details
    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
    View details
    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
    View details
    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
    View details
    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
    View details
    190 Lowr Adelma Bch Rd
    MOBILE HOME PARK, TRAILER PARK

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

    $720,000
    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

    $255,000
    Estimated value
    2,597 sqft 0.12 AC lot
    View details
    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
    View details
    4831 Discovery Rd
    MOBILE HOME PARK, TRAILER PARK

    4831 Discovery Rd, Port Townsend, WA 98368-9022

    $305,000
    Estimated value
    983 sqft 4.17 AC lot
    View details
    1201 Hancock St
    APARTMENT HOUSE (5+ UNITS)

    1201 Hancock St, Port Townsend, WA 98368-8513

    $325,000
    Estimated value
    4.09 AC lot
    View details
    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
    View details
    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
    View details

    Port Townsend, WA Multifamily Properties Market Trends and Statistics

    Explore 49 multifamily properties for sale in Port Townsend, WA on our real estate platform.

    Sale prices for multifamily properties 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.

    List
    Map

    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%

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Multifamily properties for Sale Near Port Townsend, WA

    Popular Searches in Port Townsend, WA

    Popular Categories

    Most Searched ZIP Codes in Port Townsend, WA

    • 98368

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!