About 99 Xx Rainier Street
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.
Features of 99 Xx Rainier Street
| MLS® # | 2528497 |
|---|---|
| Price | $375,000 |
| Acres | 1.17 |
| Type | Land |
| Sub-Type | Land |
| Status | Active |
Community Information
| Address | 99 Xx Rainier Street |
|---|---|
| Area | 480 - Port Townsend |
| Subdivision | Port Townsend |
| City | Port Townsend |
| County | Jefferson |
| State | WA |
| Zip Code | 98368 |
Amenities
| View | Territorial |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot, Curbs, Paved, Sidewalk |
|---|
School Information
| District | Port Townsend #50 |
|---|---|
| Elementary | Salish Coast Elementary |
| Middle | Blue Heron Mid |
| High | Port Townsend High |
Additional Information
| Date Listed | May 22nd, 2026 |
|---|---|
| Days on Market | 109 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere R.E. Port Townsend |
|---|