Property Details
922 Washington Street #1-4
Port Townsend, WA 98368
$910,000
Active
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Property Overview
Rare opportunity to own a 4-unit mixed use residential and commercial condominium in the heart of Port Townsend’s historic Fountain District. Create the ultimate live/work lifestyle reside upstairs while operating your office, art studio/gallery, retail shop, etc. below, while generating additional income from the other units. Just steps from downtown’s vibrant waterfront, acclaimed restaurants, boutique shopping, and year-round festivals, and only one block to the beloved Rose Theater and Starlight Room, this property offers a wonderful location in Port Townsend’s charming downtown. Recent updates enhance both style and functionality. Unit 2 has been thoughtfully renovated with LVP flooring, fresh paint, new kitchen and bath cabinetry, granite countertops, upgraded sinks and faucets, updated lighting, water heater, and appliances. This unit is turnkey and is available furnished down to the utensils and towels. Unit 5 a street level commercial unit featuring new LVP flooring, fresh paint, and updated ceiling tiles. All units enjoy high ceilings, creating a light and airy feel throughout. Residential units share a common stairway and access to a lovely, outdoor deck setting. Rented units for month to month with tenants that would like to sign leases offering flexibility to new owners. A truly unique opportunity to invest in both your business and your lifestyle. Owner is a licensed real estate broker in the State of Washington.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Jefferson
Neighborhood
Downtown
Listed
Feb 18, 2026
Original Price
$935,000
Financial Summary
Cap Rate
3.60%
Net Operating Income
$34,417
Gross Scheduled Income
$48,600
Gross Rent Multiplier
19.24
Total Expenses
$13,210
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
1,387
Leasable Area
1,377 sqft
Total Units
4
Zoning
Commercial
Possible Use
Commercial
Lot Size
0 sqft
Year Built
1959
Exterior & Lot
Lot Size
0.00 sqft
Year Built
1959
Exterior Materials
Brick, Stucco
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Brick, Stucco
Location
City
Port Townsend
County
Jefferson
Coordinates
48.11503, -122.75795
Additional Information
Tax Year
2025
Annual Taxes
$5,896
Possession
Array
Based on information submitted to the MLS GRID as of May 1, 2026 5:30 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
