$550,000
Est. $2,804/mo7 Xxx Water Street, Port Townsend, WA 98368
• Listed 2025-08-12•24 days on market
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Based on information submitted to the MLS GRID as of June 28, 2026 at 04:01pm (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Build Your Vision in the Heart of Historic Port Townsend! Rarely does an opportunity like this come along—a 5,227 SF vacant commercial lot just one block from the sparkling waterfront and close to the ferry dock. Set in the heart of Port Townsend’s lively historic district, this prime location offers exceptional visibility, foot traffic and an unbeatable atmosphere with nearby shops, dining, art galleries, and marina. Imagine your business welcoming ferry passengers, locals, and visitors alike in one of Washington’s most beloved coastal towns. With flexible commercial zoning, the possibilities are endless—retail, restaurant, office, or mixed-use. Create something truly special in a setting where history, charm, and opportunity meet.
Listed by Karen Sorensen • Lake & Company
Listing updated: June 28, 2026 at 04:01pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2411874
Open houses
No upcoming open houses scheduled for this property.
$539,000
-$11,000 under list price
Nearby comparable homes
RexMont uses 4 strongest recent nearby sales, priced between $385K and $725K.
Rental earnings
$1,625/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$500,000Last sold price
835 J Street, Port Townsend, WA 98368
$725,000Last sold price
2219 Rose, Port Townsend, WA 98368
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
7 Xxx Water Street, Port Townsend, WA 98368
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,091 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Port Townsend is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 23 days.
$1,110,000 Sold
3 months ago
3 bd•~2,490 sq ft•Single Family
1055 Monroe Street, Port Townsend, WA 98368
3%
Under list
—
Days on market
0.7 mi
Distance
$803,980 Sold
3 months ago
4 bd•~1,748 sq ft•Single Family
543 Van Buren Street, Port Townsend, WA 98368
8%
Under list
—
Days on market
0.2 mi
Distance
$1,350,000 Sold
4 months ago
•Single Family
1020 Water Street, Port Townsend, WA 98368
10%
Under list
—
Days on market
0.2 mi
Distance
$850,000 Sold
4 months ago
2 bd•1 ba•~1,552 sq ft•Single Family
1707 Jackson Street, Port Townsend, WA 98368
6%
Under list
—
Days on market
0.9 mi
Distance
$405,000 Sold
6 months ago
•Single Family
829 Water Street, Port Townsend, WA 98368
3%
Over list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
