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:35 day(s) ago
- Updated:December 11, 2025 at 02:42 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
- Open Sat, 12 to 2pmNew
$425,000Active3 beds 4 baths1,961 sq. ft.3116 Hudson St, BALTIMORE, MD 21224
MLS# MDBA2190342Listed by: COMPASS - New
$10,000Active-- beds -- baths1,044 sq. ft.2432 W Franklin St, BALTIMORE, MD 21223
MLS# MDBA2194792Listed by: ASHLAND AUCTION GROUP LLC - Coming Soon
$200,000Coming Soon3 beds 2 baths3718 Gough St, BALTIMORE, MD 21224
MLS# MDBA2194692Listed by: IRON VALLEY REAL ESTATE CHARM CITY - New
$150,000Active3 beds 1 baths4,060 sq. ft.3307 Fairview Ave, BALTIMORE, MD 21216
MLS# MDBA2194748Listed by: ASHLAND AUCTION GROUP LLC - New
$324,900Active3 beds 2 baths1,216 sq. ft.134 Marburth, BALTIMORE, MD 21286
MLS# MDBC2147730Listed by: REDFIN CORP - New
$99,000Active3 beds 1 baths1,600 sq. ft.2419 Brentwood Ave, BALTIMORE, MD 21218
MLS# MDBA2194590Listed by: SAMSON PROPERTIES - New
$65,000Active3 beds 1 baths1,050 sq. ft.1822 Aiken St, BALTIMORE, MD 21213
MLS# MDBA2194782Listed by: NETREALTYNOW.COM, LLC - New
$279,900Active3 beds 2 baths1,651 sq. ft.6350 Red Cedar Pl #309, BALTIMORE, MD 21209
MLS# MDBA2194630Listed by: RE/MAX PREMIER ASSOCIATES - New
$79,900Active2 beds 2 baths1,604 sq. ft.6606 Park Heights Ave. #701, ARLINGTON, MD 21215
MLS# MDBA2194776Listed by: EXIT SPIVEY PROFESSIONAL REALTY CO. - New
$109,900Active4 beds 1 baths1,688 sq. ft.3356 Wilkens Ave, BALTIMORE, MD 21229
MLS# MDBA2194764Listed by: BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY