Entitled Multifamily Development
For Sale
$600,000
509 S Washington St, Baltimore, MD 21231
Fully entitled, permit-ready multifamily site with C-1 zoning for 33 apartments and approvals including CHAP Part 1.
Property Size26,500 SF
Lot Size0.15 Acres
Price / SF$22.64
Days on Market69
Property Features for 509 S Washington St
General Information
Standard status
Active
Size
26,500 SF
Lot size
0.15 Acres
Property subtype
Land or Vacant Lot
Zoning
C-1
Additional Details
Multifamily Units
33
Taxes and HOA fees
Annual Taxes
$4,418
Building Details
Tenancy
Multi
Listing Agency:
ALEX COOPER AUCTIONEERS, INC.
(410) 828-4838
Listed By:
MATTHEW S COOPER · License #594308
Source:
Corcoran
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 16 at 3:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ALEX COOPER AUCTIONEERS, INC.
Investment Insights
Based on property information with market context.
Entitled multifamily development site offered for sale as 509 S Washington St. along with adjacent Lots 55, 55G, and 55H on Duker St., totaling 6,447+/- SF of land. The property is fee simple and is presented with a permit-in-hand development program totaling approximately 26,500+/- SF of gross floor area across 33 apartment units. Zoning is C-1, supporting 33 units by right. The project has received CHAP Part 1 approval confirming compliance for height, setbacks, massing, and scale, and Baltimore City Site Plan Review has been completed and approved.
The offering is scheduled to be sold via online auction through Auctioneers, with bidding beginning Saturday, July 11 and ending Thursday, July 16, 2026 at 12:00 PM. The development package identifies Parcel #02-07-1783-040 as part of the site.
This site is designed for developers seeking an immediate path to permitting and a mid-sized multifamily buildout under an established zoning framework. In addition to approval status, the project qualifies for the Baltimore Development Corporation’s High-Performance Market-Rate Rental Housing Tax Credit, described as an incentive providing an 80% abatement on the increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10, subject to eligibility criteria including a minimum of 20 units and LEED Silver certification or higher. Renderings are provided in the likeness of a potential finished product.
The offering is scheduled to be sold via online auction through Auctioneers, with bidding beginning Saturday, July 11 and ending Thursday, July 16, 2026 at 12:00 PM. The development package identifies Parcel #02-07-1783-040 as part of the site.
This site is designed for developers seeking an immediate path to permitting and a mid-sized multifamily buildout under an established zoning framework. In addition to approval status, the project qualifies for the Baltimore Development Corporation’s High-Performance Market-Rate Rental Housing Tax Credit, described as an incentive providing an 80% abatement on the increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10, subject to eligibility criteria including a minimum of 20 units and LEED Silver certification or higher. Renderings are provided in the likeness of a potential finished product.
Key Highlights
- Fully entitled, permit‑ready multifamily development site at 509 S Washington St. with adjacent Duker St. lots 55, 55G, and 55H
- C‑1 zoning allows 33 apartment units by right; site totals 6,447+/- SF of land
- Permit in hand for approximately 26,500+/- SF of gross floor area across 33 units
Property Analytics
Property Profile
Current Use
Lease Details
33
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully entitled, permit-ready multifamily site with C-1 zoning for 33 apartments and approvals including CHAP Part 1.
Where is this residential land & home lot located?
The property is located at 509 S Washington St Baltimore, MD.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully entitled, permit‑ready multifamily development site at 509 S Washington St. with adjacent Duker St. lots 55, 55G, and 55H; C‑1 zoning allows 33 apartment units by right; site totals 6,447+/- SF of land; Permit in hand for approximately 26,500+/- SF of gross floor area across 33 units
