Listing Provided Courtesy of Windermere R.E. Port TownsendDiscover 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
Price:
$400,000
MLS #:
NWM2528497
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subdivision:
Port Townsend
Neighborhood:
480porttownsend
Listed Date:
May 22, 2026
Lot Size:
50,965 sqft / 1.17 acres (approx)
See this Listing
Schools
School District:
Port Townsend #50
Elementary School:
Salish Coast Elementary
Middle School:
Blue Heron Mid
High School:
Port Townsend High
Interior
Exterior
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
View
Territorial
Financial
Tax Year
2026
Taxes
$838
Map
Community
- Address99 XX Rainier Street Port Townsend WA
- SubdivisionPort Townsend
- CityPort Townsend
- CountyJefferson
- Zip Code98368
Subdivisions in Port Townsend
- Adelma Beach
- Beckett Point
- Cape George
- Castle Hill
- Discovery Bay
- Downtown
- Dundee Hill
- Eaglemount
- Fort Worden
- Fowler’s Park
- Glen Cove
- Hamilton Heights
- Happy Valley
- Hastings
- Irondale
- Island View Estates
- Kala Point
- Morgan Hill
- North Beach
- Port Townsend
- Prospect Ave.
- South of Port Townsend
- The Colony
- The Village
- Uptown
- W. of Port Townsend
- Woodland Hills
Market Summary
Current real estate data for Land in Port Townsend as of Jun 21, 2026
66
Land Listed
246
Avg DOM
$216,354
Avg List Price
Property Summary
- Located in the Port Townsend subdivision, 99 XX Rainier Street Port Townsend WA is a Land for sale in Port Townsend, WA, 98368. It is listed for $400,000 and features 1 acres. To schedule a showing of MLS#nwm2528497 at 99 XX Rainier Street in Port Townsend, WA, contact your The Agency Bainbridge Island agent at 2068668002.
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© 2026 Northwest Multiple Listing Service as distributed by MLS GRID.
represents listings courtesy of NWMLS. Listed by Windermere R.E. Port Townsend.
Disclaimer: Based on information submitted to the MLS GRID as of Jun-21-2026 1:39:59 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.
Copyright 2026. All rights reserved.
represents listings courtesy of NWMLS. Listed by Windermere R.E. Port Townsend.Disclaimer: Based on information submitted to the MLS GRID as of Jun-21-2026 1:39:59 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.
Copyright 2026. All rights reserved.
99 XX Rainier Street
Port Townsend, WA
