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.

Last lot at end of quiet cul-de-sac. The lot is open with lots of sunlight. Protected view easement with once a water view. One of the largest lots left in Port Ludlow. Property has the potential to be divided into two lots or keep as one for your home design. Port Ludlow has so much to offer in the way if a clubhouse, many hiking trails, tennis and pickle ball courts, swimming pools, restaurants, marina, hotel, bank, grocery store with gas. All of the utilities are in the street and the sewer connections has been paid. The property has been surveyed. Sellers have custom house plans. Pictures in listing were taken when trees were not as high