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300 S 2nd Street, Port Townsend, WA, 98368

5beds
4baths
1,655sqft
$799,000
$483price/sqft
$4,909/moest. monthly cost
$196,360/yrincome needed

About This Home

Discover an exceptional investment opportunity with this rare acreage property consisting of 8 separate parcels and zoned RR5, offering exciting potential for future redevelopment and increased density. Whether you’re seeking a multi-generational compound, income-producing property, or land investment, this unique offering delivers incredible flexibility and value.The property includes two separate dwellings and multiple outbuildings, totaling 5 bedrooms, 6 bathrooms, and 3 large garage spaces:Dwelling #1 (290): A 1,790 sq. ft. 1989 manufactured home featuring 3 bedrooms, 2 bathrooms, and a detached two-story, 2-car garage. New furnace, newer deck, &carpet.Dwelling #2 (300): A 1,000 sq. ft. 1999 manufactured home with 2 bedrooms, 2 bathrooms, and an oversized detached 1-car garage with loft space above. Recent remodeling:flooring, deck, appliances, paint.Building #3 (310): A versatile 1,866 sq. ft. two-story barn structure featuring a large shop below and a multi-use office space above, complete with bathroom facilities. Additional shop amenities include a shower and restroom, making it ideal for a variety of uses.Building #4: a 875 sq. ft. pole barn with a roll-up door, standard entry door, and office space.A shipping container for extra storage. RV Parking, fenced perimeter, access to the local Larry Scott trail system.With multiple homes, extensive outbuildings, and significant land value, opportunities like this are rare so don’t miss this fabulous opportunity!!

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
52
BikeBikeable

Schools

6/10
Salish Coast ElementaryGrades PK-51.8 mi
4/10
Blue Heron Middle SchoolGrades 6-83.1 mi
8/10
Port Townsend High SchoolGrades 9-122.9 mi

Construction

Condition

  • Year built: 1999

Materials

  • Foundation: Tie Down
  • Roof: Composition,Metal
  • Construction materials: Cement Planked,Wood Products,Cement Plank

Notable Dates

  • Major remodel year: 1999

Type & Style

  • Home type: MobileManufactured
  • Architectural style: Manuf-Double Wide
  • Property subType: Manufactured Home,Manufactured On Land

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s),Water Heater: Propane,Water Heater Location: Outside compartment

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4
  • Main level bathrooms: 4
  • Main level bedrooms: 5

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Bath Off Primary,Ceiling Fan(s),Dining Room
  • Window features: Dbl Pane/Storm Window,Skylight(s)
  • Flooring: Laminate,Vinyl,Carpet
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning,Main Level: 2,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Forced Air,Electric,Propane,Wood
  • Cooling features: None

Interior Area

  • Total structure area: 1,655
  • Total interior livable area: 1,655 sqft

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 986701201
  • Zoning: RR-5
  • Zoning description: Jurisdiction: County
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Fireplace,Skylight(s),Vaulted Ceiling(s),Water Heater
  • Has view: Yes
  • View description: Territorial
  • Topography of land: Level,Partial Slope
  • Residential vegetation: Brush,Garden Space,Wooded

Lot

  • Lot size: 9.49 Acres
  • Features: Dead End Street,Open Lot,Secluded,Value In Land,Barn,Cable TV,Deck,Outbuildings,Propane,RV Parking,Shop

Parking

  • Total spaces: 12
  • Parking features: Detached Carport,Driveway,Detached Garage,Off Street,RV Parking
  • Has garage: Yes
  • Covered spaces: 6
  • Uncovered spaces: 6
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Earthquake
Winter Weather
Coastal Flooding
Cold Wave
Inland Flooding
Ice Storm

FEMA Declared Disasters in Jefferson County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,040$48,480
Home Insurance *$159$1,908
Property Taxes $561$6,732
Electricity $149$1,793
Total$4,909$58,908
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$168,308/yr
40% on housing$147,270/yr
45% on housing$130,906/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.0%
3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$483This listing

vs Other Active Listings

Avg $/sqft

ZIP 98368$283
Jefferson County$279

vs Homes Sold Last Month

Median $/sqft

ZIP 98368
Jefferson County$360

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-16Listed for sale$799,000
2024-04-21Listing removed--
2024-02-14Price change$1,950
2024-01-01Listed for rent$2,025
2023-12-16Listing removed--
2023-11-25Listed for rent$2,025
2021-02-28Listing removed--
2020-06-15Listing removed$1,575
2020-05-15Listed for rent$1,575
2018-06-10Listing removed$1,499
2018-05-07Listed for rent$1,499

For Sale by Agent

AgentKelly McNees
BrokerageThe Agency - Port Townsend

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