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.

Discover the perfect site for your dream home at 4637 Trail Crest Drive (Lot 62). This ready-to-build lot offers city water and sewer stubbed to the property, plus power and fiber in the road. Stormwater systems are already in place. Enjoy an ideal location with easy access to scenic trails and a short drive or ride to all the amenities that Port Townsend has to offer - by bike, car, or transit. Located on the bus route! Don’t miss this excellent opportunity to build your custom home in PT!