Entitled Multifamily Development
For Sale
$600,000
509 South Washington Street, Baltimore, MD 21231
Entitled site with C-1 zoning for 33 apartments by right and approved site plan progress for expedited development.
Property Size26,500 SF
Lot Size0.16 Acres
Price / SF$22.64
Days on Market96
Property Features for 509 South Washington Street
General Information
Standard status
Active
Size
26,500 SF
Lot size
0.16 Acres
Property subtype
Land / Fee Simple
Zoning
C-1
Additional Details
Multifamily Units
33
Taxes and HOA fees
Annual Taxes
$4,418
Listing Agency:
Alex Cooper Auctioneers, Inc.
(410) 977-4711
Listed By:
Matthew S Cooper · License #594308
(410) 977-4711
Source:
Compass
Added: May 6
Changed: Aug 8
Last Checked: Jul 16 at 7:17AM
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.
This offering includes 509 S Washington St. along with adjacent Lots 55, 55G, and 55H on Duker St., totaling approximately 6,447+/- SF of land. The property is being marketed as a fully entitled, permit-ready multifamily development site, with a permit in hand development plan totaling approximately 26,500+/- SF of gross floor area across 33 apartment units. The project is positioned for an apartment-by-right scenario under C-1 zoning, and the package includes CHAP Part 1 approval addressing compliance for height, setbacks, massing, and scale, with Baltimore City Site Plan Review completed and approved.
The transaction is for sale and is structured as an online auction on the Auctioneers website, with bidding beginning Saturday, July 11 and ending Thursday, July 16, 2026 at 12:00 PM. The property is in Baltimore City limits, with the school district identified as Baltimore City Public Schools.
For developers, this site presents a clear path to proceed with a mid-sized multifamily product: 33 units by right with approvals already secured through CHAP Part 1 and Baltimore City site plan approval. The development also qualifies for the Baltimore Development Corporation’s High-Performance Market-Rate Rental Housing Tax Credit, described as a 10-year incentive tied to an abatement on increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10, with eligibility criteria noted as including a minimum of 20 units and LEED Silver certification or higher.
The transaction is for sale and is structured as an online auction on the Auctioneers website, with bidding beginning Saturday, July 11 and ending Thursday, July 16, 2026 at 12:00 PM. The property is in Baltimore City limits, with the school district identified as Baltimore City Public Schools.
For developers, this site presents a clear path to proceed with a mid-sized multifamily product: 33 units by right with approvals already secured through CHAP Part 1 and Baltimore City site plan approval. The development also qualifies for the Baltimore Development Corporation’s High-Performance Market-Rate Rental Housing Tax Credit, described as a 10-year incentive tied to an abatement on increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10, with eligibility criteria noted as including a minimum of 20 units and LEED Silver certification or higher.
Key Highlights
- Online auction: bids begin Sat, July 11 and end Thu, July 16, 2026 at 12:00 PM; list price is the opening bid.
- Fully entitled, permit‑ready multifamily development site at 509 S Washington St. with adjacent Duker St. lots 55, 55G, and 55H.
- C‑1 zoning for 33 apartment units by right; land totals 6,447+/- SF (Parcel 02‑07‑1783‑040; fee simple).
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 - Entitled site with C-1 zoning for 33 apartments by right and approved site plan progress for expedited development.
Where is this residential land & home lot located?
The property is located at 509 South Washington Street 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: Online auction: bids begin Sat, July 11 and end Thu, July 16, 2026 at 12:00 PM; list price is the opening bid.; Fully entitled, permit‑ready multifamily development site at 509 S Washington St. with adjacent Duker St. lots 55, 55G, and 55H.; C‑1 zoning for 33 apartment units by right; land totals 6,447+/- SF (Parcel 02‑07‑1783‑040; fee simple).
