Financial
Distress signals
Property profile

1235 Landes St Port Townsend, WA 98368

OFF-MARKET
Apartment buildings
Property ID
US90-2063053
34,000 SF 2.35 ac lot
Last sale Jul 2008 · $1,146,751
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$2.99M
Assessed land$710k
Assessed improvement$2.28M
Effective rate0.39%

Value estimate

· Sep 2026
$550k
$495k – $605k
AI approach$550k
Submarket $/SF estimate$939k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-III(MF)
The R-III district accommodates smaller scale multifamily structures (e.g., five to 12 dwellings per structure) at a minimum density of 1...
General categoryRESIDENTIAL
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.2
Building Supply11.0
HVAC Service10.4

Location

1235 Landes St Port Townsend, WA 98368-8331
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 8 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
228 Logan, Port Townsend, WA 98368-2258 $761,500 May 2025 9,836 SF
1509 9th, Port Townsend, WA 98368-2353 $4,500,000 Mar 2021 14,800 SF
717 Franklin, Port Townsend, WA 98368-5838 $586,500 Jan 2021 2,266 SF
1033 Pierce, Port Townsend, WA 98368-6461 $610,281 Jul 2019 2,597 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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