Listing provided courtesy of John L. Scott, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2485291MLS Provider

922 Washington Street #1-4Port Townsend, WA 98368

Multi-Family · 1 Bed · 1,387 Sq. ft.
$910,000 Pending Inspection

922 Washington Street #1-4 Overview

Visits:
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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.

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922 Washington Street #1-4 Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,387
  • Price/Sq.ft. $656

Details

General

Association/HOA

  • Association Fee: $442.14
  • Association Fee Frequency: Monthly

School Information

  • School District: Port Townsend #50

Income/Expenses

  • Other Expense: 4229
  • Electric Expense: 571
  • Fuel Expense: 0
  • Gross Scheduled Income: 48600
  • Insurance Expense: 2514
  • Net Operating Income: 34417
  • Total Expenses: 13210
  • Total Monthly Income: 4050
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1959

Location/Region

  • Country: US
  • County Or Parish: Jefferson
  • MLS Area Major: 480 - Port Townsend
  • Subdivision Name: Downtown

Tax Information

  • Tax Annual Amount: $5,896.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Parcel Number: 952100002
  • Possible Use: Commercial
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1387
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1387
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Foundation Details: Poured Concrete, Slab
  • Heating: Yes
  • Leasable Area: 1377
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Unit Information

  • Unit Number: 1-4

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0
  • Lot Size Square Feet: 1
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Metal
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Brick, Stucco
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1100
  • Beds Total: 0
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1300
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 800
  • Beds Total: 0
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 850
  • Beds Total: 0
  • Baths Total: 1

922 Washington Street #1-4 Neighborhood

Community

98368 (Port Townsend) Demographics

59
Median Age
254
Population Density (per sq. mile)
58%
College Educated
$56,141
Estimated Median Income
5,758
Estimated Total Home Owners
2,260
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

922 Washington Street #1-4 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

922 Washington Street #1-4 Market Data

Based on the last 30 days in this zip code

$847,492
Average List Price
$443
Average Price per Square Foot
22
Properties Sold
75
Average Days on Market
116
Properties for Sale
Calculations provided by Reliance Network

922 Washington Street #1-4 History

Date Event Value Agent
6/26/2026Source: NWMLS Status Change
Pending Inspection
4/15/2026Source: NWMLS Price Reduction
$910,000 -2.7%
2/26/2026Source: NWMLS Added to Database
February 26, 2026