Listing provided courtesy of Windermere R.E. Port TownsendNWMLSas Distributed by MLSGrid- MLS# NWM2528497
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Request Info99 XX Rainier StreetPort Townsend, WA 98368
Vacant Land · 1.17 Acres$400,000
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99 XX Rainier Street Overview
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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.
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99 XX Rainier Street Facts & Features
- Type Vacant Land
- Lot 1.17 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Port Townsend #50
- Elementary School: Salish Coast Elementary
- Middle Or Junior School: Blue Heron Mid
- High School: Port Townsend High
Building Information
- Building Name: Phillip's Addition
Location/Region
- Country: US
- County Or Parish: Jefferson
- MLS Area Major: 480 - Port Townsend
- Subdivision Name: Port Townsend
Tax Information
- Tax Annual Amount: $838.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 987001601
- Possible Use: Multi-Family
- Property Sub Type: Land
- Property Type: Land
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Heating: No
- Living Area: 0
- Main Level Bathrooms: 0
Exterior
Lot Information
- Irrigation Water Rights: No
- Lot Features: Corner Lot, Curbs, Paved, Sidewalk
- Lot Size Acres: 1.17
- Lot Size Dimensions: Irregular
- Lot Size Square Feet: 50965
- Lot Size Units: Square Feet
- Property Features: Brush,Evergreens,Heavily Forested
- Road Surface Type: Paved
- Topography: Level
- Elevation Units: Feet
- Water Source: In Street
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Structure Type: None
General Information
- Carport: No
- Electric On Property: No
- Sewer: In Street
- Utilities: Electricity Available
99 XX Rainier Street 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
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.99 XX Rainier Street Monthly Cost
99 XX Rainier Street 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
99 XX Rainier Street History
| Date | Value | Agent |
|---|---|---|
| 5/22/2026Source: NWMLS | May 22, 2026 |