Entitled Multifamily Development
For Sale
Contact for pricing
509 S WASHINGTON ST, Baltimore, MD 21231
Permit-ready site zoned C-1 for 33 apartments, supported by CHAP Part 1 and Baltimore site plan approval.
Property Size26,500 SF
Lot Size0.15 Acres
Days on Market68
Property Features for 509 S WASHINGTON ST
General Information
Standard status
Active
Size
26,500 SF
Lot size
0.15 Acres
Property subtype
Land
Zoning
C-1
Additional Details
Multifamily Units
33
Building Details
Year Built
1960
Stories
2
Units
1
Listing Agency:
Alex Cooper Auctioneers, Inc
(410) 977-4711
Listed By:
Matthew Cooper · License #MD 594308
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Jul 16 at 3:36AM
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.
The offering is a fully entitled, permit-ready multifamily development site assembled to support a 33-apartment project. It includes 509 S Washington St. and adjacent lots 55, 55G, and 55H on Duker St., totaling 6,447+/- SF of land. The development is proposed under C-1 zoning and provides 33 apartment units by right, with a permit in hand covering approximately 26,500+/- SF of gross floor area across the 33 units. CHAP Part 1 approval has been secured, confirming compliance with height, setbacks, massing, and scale, and Baltimore City Site Plan Review has been completed and approved to support expedited development.
The property is offered for online auction only. Bidding begins Saturday, July 11th and ends Thursday, July 16th, 2026 at 12:00 PM via an Auctioneers website. Ownership is fee simple, and the parcel is identified as 02-07-1783-040.
For developers and buyers seeking a development site with approvals already in place, the project’s documented entitlements and “permit in hand” status provide a clear path toward moving forward with a mid-sized multifamily product. The offering is also described as eligible for Baltimore Development Corporation High-Performance Market-Rate Rental Housing Tax Credit incentives, including an 80% abatement on increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10, subject to program eligibility criteria cited in the materials.
The property is offered for online auction only. Bidding begins Saturday, July 11th and ends Thursday, July 16th, 2026 at 12:00 PM via an Auctioneers website. Ownership is fee simple, and the parcel is identified as 02-07-1783-040.
For developers and buyers seeking a development site with approvals already in place, the project’s documented entitlements and “permit in hand” status provide a clear path toward moving forward with a mid-sized multifamily product. The offering is also described as eligible for Baltimore Development Corporation High-Performance Market-Rate Rental Housing Tax Credit incentives, including an 80% abatement on increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10, subject to program eligibility criteria cited in the materials.
Key Highlights
- Permit‑ready multifamily development site for 33 apartments by right on C‑1 zoning
- CHAP Part 1 approval secured for compliance with height, setbacks, massing, and scale
- Baltimore City Site Plan Review completed and approved for expedited development
Property Analytics
Property Profile
Current Use
Lease Details
33
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Permit-ready site zoned C-1 for 33 apartments, supported by CHAP Part 1 and Baltimore site plan approval.
Where is this residential land & home lot located?
The property is located at 509 S WASHINGTON ST Baltimore, MD.
What are key features of this property?
This property features: Permit‑ready multifamily development site for 33 apartments by right on C‑1 zoning; CHAP Part 1 approval secured for compliance with height, setbacks, massing, and scale; Baltimore City Site Plan Review completed and approved for expedited development
