Prime investment property in Port Townsend’s sought-after Uptown district, walkable to shops, dining, parks, and downtown attractions, and conveniently located near the bus line. This well-maintained four-plex includes four 1bd/1ba units with interior access. Two lower units have excellent long-term tenants; two updated upper units are vacant and lease-ready—or ideal as owner pied-à-terre options. Recent improvements include a new roof, exterior paint, updated upper units, new stair carpet, landscaping, and spray-foam insulation. While STRs aren’t allowed, the front unit has performed well as a furnished medium-term rental. Strong rental demand and a high-appreciation location make this a stable, turnkey asset.
Property offers over half an acre, featuring a fully remodeled 1348sq/ft rambler accompanied by a detached ADU. Main house has 2 bed/1 bath with an additional office/bonus room. The ADU is 368sq/ft studio style, featuring a full kitchen, washer/dryer and full bath. Both the main house and the ADU have new flooring, cabinets and countertops throughout. Property also boasts a new 6ft. cedar fence, as well as a detached two-car garage. All appliances stay.
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Port Townsend is located in Washington. Port Townsend, Washington has a population of 10,002. Port Townsend is more family-centric than the surrounding county with 21.99% of the households containing married families with children. The county average for households married with children is 16.99%.
The median household income in Port Townsend, Washington is $54,907. The median household income for the surrounding county is $59,968 compared to the national median of $69,021. The median age of people living in Port Townsend is 57.1 years.
The average high temperature in July is 71.8 degrees, with an average low temperature in January of 36.1 degrees. The average rainfall is approximately 22.9 inches per year, with 2.1 inches of snow per year.