This commercial property on West Sims Way in Port Townsend, WA, presents a rare multi-tenant investment opportunity in one of the area’s most visible, high-traffic corridors. With a diverse mix of essential service and retail tenants, the building offers immediate cash flow with significant upside through the leasing of its vacant units.To protect the operations and privacy of the current businesses, the following protocols are in place: Confidentiality: Full financial packages will be released only upon receipt of a signed Confidentiality Agreement (NDA). No Direct Contact: Potential buyers are strictly prohibited from contacting or interfering with employees or tenants on-site. Inquiries: All questions, requests for documentation, or showing requests must be directed through your real estate agent.

Property type

Single Family

Year built

1990

Interior

Not listed

Open houses

No upcoming open houses scheduled for this property.

Around this home

RexMont Market Signal©

Ask RexMont to verify value

$450,000

-$1,450,000 under list price

Nearby comparable homes

RexMont uses 2 strongest recent nearby sales, priced between $385K and $515K.3 outlier sales were excluded from this snapshot.

Rental earnings

$1,350/mo

Screening estimate from the comp-supported value. Verify with rent comps before underwriting.

Viewing 1 of 2

Sold May 22, 2026Comp 1

$515,000Last sold price

1 beds0 baths990 sq ft

2475 15th Street, Port Townsend, WA 98368

$520/sq ft0.5 mi awaysmaller lot34 years newer

Property photo for 1323 8th Street, Port Townsend

Sold Jul 30, 2025Comp 2

$385,000Last sold price

1 beds0 baths544 sq ft

1323 8th Street, Port Townsend, WA 98368

$708/sq ft0.6 mi awaysmaller lot62 years older

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.

More resources

Rental earningsEst. $1,350 per month, before expense review

RexMont OfferEdge^™

How much should you offer?

2427 W Sims Way, Port Townsend, WA 98368

Your offerDown payment %

Waive financing Pre-inspection

List price

$1,900,000

Down payment

$380,000

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Property details

Neighborhood mobility

Walk, bike & transit scores

Mortgage payment forecast

$10,676 per month

Great rate

Principal and interest

Property taxes

HOA dues

Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhood Compare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of May 13, 2026 at 12:44pm (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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About this home