Property Details
99 XX Rainier Street
Port Townsend, WA 98368
$400,000
Active
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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 Townsend's high-density parcels in this vibrant community and bring your vision to life.
Property Details
Property Information
Property Type
Land
Subtype
Land
Status
Active
County
Jefferson
Neighborhood
Port Townsend
Listed
May 22, 2026
Parcel Number
987001601
Tax & HOA
Annual Property Tax
$838 (2026)
Est. Monthly Tax
$70/mo
Interior Features
Bathrooms
0.0
Exterior & Lot
Lot Size
1.17 sqft
Sewer
In Street
Water Source
In Street
Utilities
Electricity Available
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Community & Access
Directions
Discovery Road to round-about at Discovery and Rainier, circle around the round-about until at Rainier Street. Sign at the corner of property.
Location
City
Port Townsend
County
Jefferson
Coordinates
48.10866, -122.80596
Schools
School District
Port Townsend #50
Elementary School
Salish Coast Elementary
Middle School
Blue Heron Mid
High School
Port Townsend High
Additional Information
Tax Year
2026
Annual Taxes
$838
Possession
Array
Mortgage Calculator
Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Based on information submitted to the MLS GRID as of June 1, 2026 11:14 AM. 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.
