509 S Washington St, Baltimore, MD 21231
Local realty services provided by:Mountain Realty ERA Powered
509 S Washington St,Baltimore, MD 21231
$700,000
- 0.15 Acres
- Lots / Land
- Active
Listed by: matthew s cooper
Office: alex cooper auctioneers, inc.
MLS#:MDBA2190550
Source:BRIGHTMLS
Price summary
- Price:$700,000
About this home
List price is Opening Bid at the Online auction to be conducted on Auctioneers website. Auction Begins Thursday December 4 Auction ends Tuesday December 9 @ 11:00 am. Rare opportunity to acquire a fully entitled, permit-ready multifamily development site located at the nexus of Fells Point and Canton—two of Baltimore’s most desirable and vibrant waterfront neighborhoods. The offering includes 509 S Washington St. and adjacent Lots 55, 55G, and 55H on Duker St., totaling 6,447+/- SF of land with C-1 zoning allowing for 33 apartment units by right. The permit in hand development encompasses approximately 26,500+/- SF of gross floor area across 33 units and has received CHAP Part 1 approval, confirming compliance for height, setbacks, massing, and scale. Additionally, the Baltimore City Site Plan Review has been completed and approved, allowing for expedited development. This project qualifies for the Baltimore Development Corporation’s High-Performance Market-Rate Rental Housing Tax Credit—a 10-year incentive offering an 80% abatement on the increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10. The property meets eligibility criteria including a minimum of 20 units and a LEED Silver certification or higher. Investment Potential: This is a rare chance to deliver a mid-sized, boutique multifamily product in one of Baltimore’s most in-demand neighborhoods. The project’s scale allows developers to position rental rates below those of larger institutional assets nearby, catering to a high-demand segment of the rental market while benefiting from long-term tax incentives and immediate development feasibility. Images shown are renderings and are intended to illustrate the potential appearance of the finished product
Contact an agent
Home facts
- Listing ID #:MDBA2190550
- Added:57 day(s) ago
- Updated:January 02, 2026 at 03:05 PM
Structure and exterior
- Lot area:0.15 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$700,000
- Tax amount:$4,418 (2025)
New listings near 509 S Washington St
- New
$270,000Active3 beds 2 baths1,105 sq. ft.340 Oldham St, BALTIMORE, MD 21224
MLS# MDBA2191742Listed by: RE/MAX DISTINCTIVE REAL ESTATE, INC. - New
$155,000Active4 beds 3 baths1,320 sq. ft.529 N Curley St, BALTIMORE, MD 21205
MLS# MDBA2196290Listed by: KELLER WILLIAMS PREFERRED PROPERTIES - New
$239,900Active4 beds 2 baths1,702 sq. ft.3529 Liberty Heights Ave, BALTIMORE, MD 21215
MLS# MDBA2196464Listed by: ALBERTI REALTY, LLC - New
$349,000Active6 beds -- baths2,895 sq. ft.118 E 25th St, BALTIMORE, MD 21218
MLS# MDBA2196448Listed by: ALBERTI REALTY, LLC - New
$389,000Active4 beds -- baths3,250 sq. ft.120 E 25th St, BALTIMORE, MD 21218
MLS# MDBA2196456Listed by: ALBERTI REALTY, LLC - Coming Soon
$269,900Coming Soon3 beds 1 baths2903 Inglewood Ave, BALTIMORE, MD 21234
MLS# MDBA2196458Listed by: SAMSON PROPERTIES - Coming Soon
$330,000Coming Soon4 beds 3 baths806 E 35th St, BALTIMORE, MD 21218
MLS# MDBA2196460Listed by: SAMSON PROPERTIES - New
$160,000Active3 beds 2 baths407 S Smallwood St, BALTIMORE, MD 21223
MLS# MDBA2195990Listed by: SAMSON PROPERTIES - New
$205,000Active4 beds 4 baths1708 Cole St, BALTIMORE, MD 21223
MLS# MDBA2196444Listed by: SAMSON PROPERTIES - New
$227,500Active3 beds 2 baths1,360 sq. ft.3206 Yosemite Ave, BALTIMORE, MD 21215
MLS# MDBA2194790Listed by: EXECUHOME REALTY