Rare 9,000 SF combined opportunity in the heart of South Lake Union—2538 & 2540 Dexter Ave N offered together. Zoned LR3 (Buyer to Verify), this site presents strong potential for future redevelopment, including apartments, townhomes, or a boutique multi-unit project.At the same time, both properties are livable today with flexible use—2538 is a duplex (2 × 1BD/1BA) and 2540 is a ~2,700 SF single-family home (3BD/2.25BA), well-suited for owner-occupancy, multi-generational living, or rental income while planning next steps.Elevated site captures expansive views of Lake Union, Gas Works Park, Ship Canal, Seattle skyline, and the Cascade Mountains—a rare combination of scale, view, and location.Minutes to South Lake Union, Fremont, and Downtown, with transit, bike routes, and daily amenities nearby.A unique in-city asset offering immediate usability with long-term upside. Geotech and additional information available. Buyer to verify all development potential.
Active
Listed by: eXp Realty • Helena Chen
$3,000,000
2538 2540 Dexter Avenue N, Seattle, WA 98109
--beds
--baths
8,999Square Feet
Unimproved Land
Built in ----
8,999 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 98 days |
- 70 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Helena Chen,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2511133
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Bay, City, Lake, Mountain(s), Territorial
- Has water view: Yes
- Water view: Bay,Lake
Lot
- Size: 8,999 Square Feet
- Features: Curbs, Paved, Sidewalk
- Topography: See Remarks
- Residential vegetation: See Remarks
Details
- Parcel number: 1929300660
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: On Property
- Sewer: Available
- Water: Available
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Lake Union
Location
- Region: Seattle
Financial & listing details
- Date on market: 4/22/2026
- Cumulative days on market: 99 days
- Listing terms: See Remarks
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Listed for sale | $3,000,000 |
Source:  NWMLS as distributed by MLS GRID #2511133 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Westlake
Nearby schools
GreatSchools rating
- 10/10Queen Anne Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10McClure Middle SchoolGrades: 6-8Distance: 0.8 mi
- 10/10Lincoln High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: John Hay Elementary
- Middle: Mc Clure Mid
- High: Lincoln High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $1,520,0002 bd2 ba3k sqft2538 Dexter Ave N, Seattle, WA 98109For Sale
- $1,480,0003 bd3 ba2.7k sqft2540 Dexter Ave N, Seattle, WA 98109For Sale
- $40,0001 bd1 ba200 sqft2560 Westlake Ave N #118, Seattle, WA 98109Sold
- $910,0003 bd2 ba1.7k sqft2500 Dexter Ave N APT B, Seattle, WA 98109Sold
- $989,0003 bd2 ba1.9k sqft2500 Dexter Ave N APT C, Seattle, WA 98109Sold
- $899,0002 bd2 ba1.2k sqft2500 Dexter Ave N APT F, Seattle, WA 98109Sold
- $1,050,0002 bd2 ba1.5k sqft2542 Westlake Ave N #5, Seattle, WA 98109Sold
- $699,0003 bd2 ba1.9k sqft2565 Dexter Ave N APT 103, Seattle, WA 98109For Sale
A local agent can set up tours, give advice and negotiate with sellers.
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