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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 Chimacum, WA
    Historic Mixed-Use Building For Sale
    $1,500,000

    Historic Mixed-Use Building For Sale

    1020 Water Street, Port Townsend, WA 98368

    Downtown Port Townsend mixed-use building with retail and residential units.

    • 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.
    Updated: May 15, 2025
    View details
    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.

    Oak Harbor Multifamily Investment Opportunity
    $1,450,000
    4,704 SF

    Oak Harbor Multifamily Investment Opportunity

    8-unit apartment building in Oak Harbor with bay views.

    1475 9th Ave, Oak Harbor, WA 98277
    View details
    Lakewood 55+ Senior Park Home
    $110,000
    840 SF

    Lakewood 55+ Senior Park Home

    840 SF single-wide with upgrades in 55+ community.

    2809 Lakewood Road #14, Arlington, WA 98223
    View details
    Arlington Multifamily Investment Opportunity
    $1,650,000
    6,084 SF

    Arlington Multifamily Investment Opportunity

    Six-unit multifamily property in Arlington with strong in-place income.

    17820 Smokey Point Blvd, Arlington, WA 98223
    View details
    Oak Harbor Mixed-Use Building
    $699,999

    Oak Harbor Mixed-Use Building

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

    880 SE Pioneer Way, Oak Harbor, WA 98277
    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
    $1,399,000
    9.90 Acres

    Sequim Land with Panoramic Views

    9.9 acres with saltwater, mountain, and city views.

    463 Miller Road, Sequim, WA 98382
    View details
    Centralia Commercial Land with Income
    $500,000
    6.50 Acres

    Centralia Commercial Land with Income

    6.5+ acre commercial land with income and development potential.

    1535 S Gold Street, Centralia, WA 98531
    View details
    Recreational Land Near Mount Rainier
    $80,000

    Recreational Land Near Mount Rainier

    Recreational land with RV hookups near Mount Rainier National Park.

    55912 317th Avenue E, Ashford, WA 98304
    View details
    Land Ready for Development
    $39,000
    0.30 Acres

    Land Ready for Development

    13,000 sq ft lot near state land in Raymond, WA.

    1420 Raymond-South Bend Rd, Raymond, WA 98577
    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)
    9,836 SF Lot: 0.69 Acres
    Estimated value
    $765,000

    228 Logan St, Port Townsend, WA 98368-2258

    View details
    1757 Landes St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.08 Acres
    Value Estimation by Request

    1757 Landes St, Port Townsend, WA 98368-8319

    View details
    1705 Landes St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.08 Acres
    Value Estimation by Request

    1705 Landes St, Port Townsend, WA 98368-8319

    View details
    1733 Landes St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.08 Acres
    Value Estimation by Request

    1733 Landes St, Port Townsend, WA 98368-8319

    View details
    1749 Landes St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.08 Acres
    Value Estimation by Request

    1749 Landes St, Port Townsend, WA 98368-8319

    View details
    1773 Landes St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.08 Acres
    Value Estimation by Request

    1773 Landes St, Port Townsend, WA 98368-8319

    View details
    1785 Landes St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.08 Acres
    Value Estimation by Request

    1785 Landes St, Port Townsend, WA 98368-8319

    View details
    1946 Eddy St
    MOBILE HOME PARK, TRAILER PARK
    964 SF Lot: 0.11 Acres
    Value Estimation by Request

    1946 Eddy St, Port Townsend, WA 98368-5941

    View details
    1814 Garfield St
    APARTMENT HOUSE (5+ UNITS)
    3,408 SF Lot: 0.13 Acres
    Value Estimation by Request

    1814 Garfield St, Port Townsend, WA 98368-7951

    View details
    737 Franklin St, Unit 1
    APARTMENT HOUSE (5+ UNITS)
    2,796 SF Lot: 0.25 Acres
    Value Estimation by Request
    Unit 1

    737 Franklin St, Port Townsend, WA 98368-5840

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    2500 9th St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.81 Acres
    Value Estimation by Request

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

    View details
    409 Walker St
    APARTMENT HOUSE (5+ UNITS)
    2,392 SF Lot: 0.18 Acres
    Value Estimation by Request

    409 Walker St, Port Townsend, WA 98368-6906

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    824 Grant St
    APARTMENT HOUSE (5+ UNITS)
    14,147 SF Lot: 0.46 Acres
    Value Estimation by Request

    824 Grant St, Port Townsend, WA 98368-2477

    View details
    1509 9th St
    APARTMENT HOUSE (5+ UNITS)
    14,800 SF Lot: 0.92 Acres
    Estimated value
    $4,575,000

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

    View details
    717 Franklin St, Unit 1
    APARTMENT HOUSE (5+ UNITS)
    2,266 SF Lot: 0.06 Acres
    Estimated value
    $590,000
    Unit 1

    717 Franklin St, Port Townsend, WA 98368-5838

    View details
    190 Lowr Adelma Bch Rd
    MOBILE HOME PARK, TRAILER PARK
    672 SF Lot: 0.58 Acres
    Estimated value
    $680,000

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

    View details
    1033 Pierce St
    APARTMENT HOUSE (5+ UNITS)
    2,597 SF Lot: 0.12 Acres
    Value Estimation by Request

    1033 Pierce St, Port Townsend, WA 98368-6461

    View details
    730 Willow St
    APARTMENT HOUSE (5+ UNITS)
    3,200 SF Lot: 0.23 Acres
    Value Estimation by Request

    730 Willow St, Port Townsend, WA 98368-5242

    View details
    4831 Discovery Rd
    MOBILE HOME PARK, TRAILER PARK
    983 SF Lot: 4.17 Acres
    Value Estimation by Request

    4831 Discovery Rd, Port Townsend, WA 98368-9022

    View details
    1201 Hancock St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 4.09 Acres
    Value Estimation by Request

    1201 Hancock St, Port Townsend, WA 98368-8513

    View details
    819 Washington St
    APARTMENT HOUSE (5+ UNITS)
    3,543 SF Lot: 0.03 Acres
    Value Estimation by Request

    819 Washington St, Port Townsend, WA 98368-5719

    View details
    633 Van Buren St
    APARTMENT HOUSE (5+ UNITS)
    7,824 SF Lot: 0.60 Acres
    Value Estimation by Request

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

    View details
    6062 State Rte 20
    MOBILE HOME PARK, TRAILER PARK
    712 SF Lot: 21.33 Acres
    Value Estimation by Request

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

    View details

    Port Townsend, WA Multifamily Properties Investment Opportunities Market Analysis

    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

    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 median 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 sq ft
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

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