Port Townsend, WA High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Port Townsend, Washington Market population: 9K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Port Townsend WA Properties: 0.8500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Port Townsend WA
Common questions from investors exploring commercial real estate in Port Townsend WA.
What's the overall investment potential of Port Townsend, WA?
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With a median household income of $41,033 and a relatively high homeownership rate of 63.9%, Port Townsend seems like a stable investment market, especially considering the low poverty rate of 14.4% and high health insurance coverage of 94.1%, which suggests a working-class market with employment stability.
How does the local economy impact real estate investment in Port Townsend?
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The top industries in Port Townsend, including Transportation & Warehousing and Educational Services, indicate a diverse economy, which is further supported by the low average commute time of 18.1 minutes and high rate of workers who drive alone or work from home, suggesting a solid infrastructure for renters and a low risk of market fluctuations.
What role does ethnic diversity play in the demand for real estate in Port Townsend?
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The city's ethnic diversity, with a majority of White and White Non-Hispanic populations, combined with a relatively low foreign born rate of 4.8%, may impact the demand for specific types of housing, and investors should consider this when choosing properties to invest in, especially given the high median property value of $297,500.
How do quality of life metrics, such as commute time and health insurance coverage, affect the stability of the real estate market in Port Townsend?
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The short average commute time of 18.1 minutes and high health insurance coverage rate of 94.1% contribute to a high quality of life, which can lead to a more stable real estate market, as residents are more likely to stay and invest in their homes, and the low poverty rate of 14.4% further supports this stability.
What are the implications of the city's income inequality and poverty rate for real estate investors?
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The GINI coefficient of 0.456 indicates a moderate level of income inequality, and while the poverty rate of 14.4% is relatively low, investors should still consider the potential impact on rental yields and property appreciation, especially given the high median property taxes of $2,670, and the fact that the top industries, including Public Administration and Health Care, may provide a stable source of employment for residents.
Port Townsend WA Real Estate & City Facts
Key facts and real estate information about Port Townsend WA.
What are some of the best neighborhoods to live in Port Townsend?
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Some of the best neighborhoods to live in Port Townsend include Morgan Hill, which is known for its peaceful atmosphere and beautiful architecture. Other desired areas tend to be in the east parts of the city, while more affordable homes are in the southeast regions. Neighborhoods like Uptown and Downtown are also popular for their walkability to shops, restaurants, and parks like Chetzemoka Park.
What are some fun things to do in Port Townsend?
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There are plenty of fun things to do in Port Townsend, such as visiting Fort Worden State Park, Chetzemoka Park, and North Beach County Park, also known as Glass Beach. You can also take a whale watching tour with Puget Sound Express, explore the historic downtown area, and check out the Port Townsend Farmers Market. For outdoor enthusiasts, there are plenty of opportunities for hiking, biking, and kayaking.
What is the food scene like in Port Townsend?
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The food scene in Port Townsend is vibrant and diverse, with a range of restaurants serving everything from Asian cuisine to seafood. Some popular spots include 123 Thai Food, Banana Leaf Thai Bistro, and Four Seasons Chinese Restaurant. There are also plenty of great food trucks, cafes, and bakeries, such as Marina Cafe, Better Living Through Coffee, and Dogs-a-Foot. For a night out, you can check out the Uptown Pub & Grill or the Ajax Cafe.
What are the pros and cons of living in Port Townsend?
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The pros of living in Port Townsend include its natural beauty, with plenty of outdoor spaces and water views, as well as its charming downtown area with shops and restaurants. The town also has a strong sense of community, with many festivals and events throughout the year. However, some cons include the town's relatively high cost of living, limited job opportunities, and rainy weather. Additionally, the town's popularity with tourists can sometimes make it feel crowded and busy.
Is Port Townsend a good place to live?
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Overall, Port Townsend is a great place to live for those who value natural beauty, a strong sense of community, and a relaxed pace of life. While it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced environment, it is an excellent choice for outdoor enthusiasts, families, and retirees. With its unique blend of small-town charm and natural beauty, Port Townsend is a hidden gem on the Olympic Peninsula.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Port Townsend WA Commercial Property: $41,033
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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