Local realty services provided by:ERA Central Realty Group
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:88 day(s) ago
- Updated:February 02, 2026 at 02:43 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
$205,000Active2 beds 2 baths1,295 sq. ft.2734 Plainfield Rd, BALTIMORE, MD 21222
MLS# MDBC2151324Listed by: EXP REALTY, LLC - Coming Soon
$369,000Coming Soon2 beds 2 baths23 Pierside Dr #118, BALTIMORE, MD 21230
MLS# MDBA2197768Listed by: CORNER HOUSE REALTY - New
$322,000Active2 beds 2 baths1,870 sq. ft.1826 E Lombard St, BALTIMORE, MD 21231
MLS# MDBA2199780Listed by: SELL YOUR HOME SERVICES - New
$219,900Active3 beds 2 baths1,524 sq. ft.4121 Norfolk Ave, BALTIMORE, MD 21216
MLS# MDBA2199862Listed by: VYBE REALTY - Coming Soon
$389,900Coming Soon6 beds 2 baths2932 Manns Ave, BALTIMORE, MD 21234
MLS# MDBC2151352Listed by: WEICHERT, REALTORS - Coming Soon
$680,000Coming Soon5 beds 4 baths3007 Bender Ridge Ct, BALTIMORE, MD 21234
MLS# MDBC2151328Listed by: MONUMENT SOTHEBY'S INTERNATIONAL REALTY - New
$299,999Active3 beds 3 baths2,136 sq. ft.107 Fulton Ave, BALTIMORE, MD 21223
MLS# MDBA2199854Listed by: SAMSON PROPERTIES - Open Sat, 10am to 12pmNew
$162,000Active3 beds 2 baths1,273 sq. ft.1906 W Saratoga St, BALTIMORE, MD 21223
MLS# MDBA2199842Listed by: EPIC REALTY, LLC. - Coming Soon
$319,500Coming Soon4 beds 3 baths4206 Furley Ave, BALTIMORE, MD 21206
MLS# MDBA2198426Listed by: SAMSON PROPERTIES - New
$229,000Active4 beds 3 baths2430 E Lafayette Ave, BALTIMORE, MD 21213
MLS# MDBA2199840Listed by: SAMSON PROPERTIES