Port Townsend, WA Multifamily Homes & Duplexes for Sale

/37
$735,000
- 4 Beds
- 4 Baths
- 2,342 Sq Ft
408 Eddy Ct, Port Townsend, WA 98368

With 2,342 square feet between the main home & permitted ADU, this amazing setup has it all. The main house offers 1,742 square feet of light-filled living space with an office/den, 2 car garage and plentiful deck/patio space. There is a fenced side/back yard, draught resistant & manicured front yard, a deck w/sunshade & a covered storage area. The upper level comprises three bedrooms and two

Rodney Just The Agency - Port Townsend

408 Eddy Ct, Port Townsend, WA 98368
Explore Port Townsend
/32
$1,650,000
- 4 Beds
- 3 Baths
- 5,760 Sq Ft
702 Water St Unit 1-3, Port Townsend, WA 98368

Iconic architecture and timeless stonework define this historic mixed-use building in the heart of Port Townsend. Situated on a prominent corner lot on Water Street, surrounded by other local businesses, cafes & boutiques, ensuring a steady flow of foot traffic. This property offers 2,000 sq ft of retail space—currently operating as one retail space but easily divisible into two distinct units.

Nicole Blasucci Coldwell Banker Best Homes

702 Water St Unit 1-3, Port Townsend, WA 98368
/19
$1,750,000
- 7,468 Sq Ft
1532 W Sims Way, Port Townsend, WA 98368

The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date

Steven Kraght John L. Scott, Inc.

1532 W Sims Way, Port Townsend, WA 98368

Washington Jefferson County Port Townsend

Why Live in Port Townsend

Port Townsend, WA, once known as the City of Dreams, is a small city with a rich history and a population of over 10,000 residents. The city features Victorian architecture, a result of halted plans to become a regional railroad hub. Today, the paper mill, local government, maritime trade, and small businesses are key employers. The natural beauty of Port Townsend is highlighted by the Olympic Mountains and the Strait of Juan de Fuca, offering residents picturesque views and numerous outdoor activities. Things to do include visiting Mountain View Commons for basketball and pickleball, bird watching at Kah Tai Lagoon Nature Park, and enjoying the beaches and museums at Fort Worden Historical State Park. The city's dining scene has gained national recognition, with The In Between speakeasy-themed bar being a notable mention. Homes in Port Townsend range from condos to Craftsman and ranch styles, with some Victorian properties and unique additions like greenhouses and barns. The Port Townsend School District serves over 1,200 students and is well-rated. Public transportation includes Jefferson Transit buses and the Washington State Ferry to Coupeville. Tacoma is 80 miles away, and Seattle is 111 miles away. The city experiences warm, dry summers and wet, temperate winters, with moderate wildfire risk and major air quality concerns.

Learn more about living in Port Townsend

Home Trends in Port Townsend, WA

On average, homes in Port Townsend, WA sell after 60 days on the market compared to the national average of 70 days. The median sale price for homes in Port Townsend, WA over the last 12 months is $605,000, down 14% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$605,000

Median Single Family Sale Price

$775,000

Median 2 Bedroom Sale Price

$605,000

Median 1 Bedroom Sale Price

$417,000

Average Price Per Sq Ft

$466

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.30

Median List Price

$715,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

-14%

How to Buy a Home How to Finance a Home How to Sell a Home

In Port Townsend, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $735,000 to $1,750,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Port Townsend is $715,000, while the average sale price is $658,256, offering insights into the local housing market. On average, multi-family homes spend 60 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Port Townsend, WA.

Port Townsend Types of Homes for Sale

Port Townsend Real Estate Listings

Port Townsend New Construction Homes

More About Living in Port Townsend

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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID