$ 400,000
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$400,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 9722 - 107777
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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Vacant Land
MLS ®
2528497
Year Built
Total Square Footage
0
Lot/Acreage
1.17
County
Jefferson
Building Name
Phillip's Addition
Neighborhood
Port Townsend
Area
480 - Port Townsend
School District
Port Townsend #50
Elementary School
Salish Coast Elementary
Middle School
Blue Heron Middle
High School
Port Townsend High
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: In Street
Exterior Details
- Lot Description: Corner Lot,Curbs,Paved,Sidewalk,Brush,Evergreens,Heavily Forested,Zoning: Multi-Family
- Garage Capacity: N/A
- Lot Dimensions: Irregular
- Zoning: Multi-Family
- Roof:
- Others:
- Sewer: In Street
Financial Details
- Tax Amount: $838
- Taxes w/Assessments: N/A
- Tax/Property ID: 987001601
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
99 Xx Rainier St Port Townsend, WA 98368
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