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99 Rainier Street #1-12, Port Townsend, WA 98368

Port Townsend
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: andreas george andreadis
Office: windermere r.e. port townsend
MLS#:2528497
Source:NWMLS
99 Rainier Street #1-12,Port Townsend, WA 98368
$375,000
  • 1.17 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$375,000

About this home

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...

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Home facts

  • Subdivision & Development:Port Townsend
  • Listing ID #:2528497
  • Updated:October 28, 2026 at 12:34 AM

Structure and exterior

  • Lot area:1.17 Acres
  • Lot Features:Corner, Curbed Lot, Paved, Sidewalk

Schools

  • High school:Port Townsend High
  • Middle school:Blue Heron Mid
  • Elementary school:Salish Coast Elementary

Utilities

  • Water:In Street
  • Sewer:In Street

Finances and disclosures

  • Price:$375,000
  • Tax amount:$838 (2026)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 28, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Greg Lund

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