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… Read More 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. Read Less
Listing courtesy of Windermere R.E. Port Townsend
Listing Snapshot
Cumulative Days On Market
3
Days on Website
3
Last Updated
Property Type
Land
Lot Size
1.17 Acres
Property Tax
$838
MLS Number
2528497
30 Days Snapshot Of 98368
$659k
+4%
(avg) sold price
27
-10%
homes sold
86
+19%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface: "Paved"
Building
Building Area Total: 0, Building Area Units: Square Feet, Building Name: Phillip's Addition, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Structure Type: "None"
Based on information submitted to the MLS GRID as of . 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. Listings last updated on ,
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