99 XX Rainier ST, Port Townsend, WA 98368
99 XX Rainier ST, Port Townsend, WA 98368
99 XX Rainier ST, Port Townsend, WA 98368
99 XX Rainier ST, Port Townsend, WA 98368
99 XX Rainier ST, Port Townsend, WA 98368
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by:Windermere R.E. Port Townsend • Andreas George Andreadis
$ 400,000
Est. payment | /mo

1.17 Acres Lot

Save
$ 400,000
Est. payment | /mo
Save

1.17 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Port Townsend

MLS Listing ID 2528497

Style 42 - Multi-Family

Annual Tax Amount $838

Lot Size 1.170 Acres

Lot Dimensions Irregular

Property Sub-Type Land

Property Description

Discover a rare and unique investment opportunity in the City of Port Townsend. This R-IV Multi-Family parcel is positioned at the corner of Rainier Street and Discovery Road. Much of the critical infrastructure is already established, including utilities in the street, brand-new sidewalks along Discovery Road, and integrated walking trails on Rainier Street that enhance the site's future curb appeal and walkability. This property benefits from R-IV high-density zoning and the City of Port Townsend's Multi-Family Tax Exemption (MFTE) programs. These incentives provide a clear path to maximizing ROI in a high-demand housing market. 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 (~1 acre). Whether you envision a residential complex or a maximum-density apartment project, this site offers the rare combination of established infrastructure, tax advantages, and a premier location. Secure one of Port Townsend's high-density parcels in this vibrant community and bring your vision to life.

Location

State WA

County Jefferson

Area 480 - Port Townsend

Interior

Fireplace false

Exterior

Utilities Available Electricity Available

View Y/N Yes

View Territorial

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer In Street

Water In Street

Schools

Elementary Schools Salish Coast Elementary

Middle Schools Blue Heron Mid

High Schools Port Townsend High

School District Port Townsend #50

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Schools & Businesses

GET MORE INFORMATION

RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

Name*

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from RSVP Real Estate Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.