Active

Listed by: eXp Realty • Helena Chen

$1,520,000

2538 Dexter Ave N Avenue N, Seattle, WA 98109

2beds

3,080sqft

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Single Family Residence

Built in 1924

4,499 Square Feet Lot

$1,458,400 Zestimate^®

$494/sqft

$-- HOA

What's special

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.

84 days

165

4

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
3/4 bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 2

Bedroom

Level: Main

Bedroom

Level: Main

Bathroom three quarter

Level: Main

Bathroom three quarter

Level: Main

Heating

Forced Air, Electric, Natural Gas

Cooling

Forced Air

Features

Flooring: Hardwood, Carpet
Basement: None
Has fireplace: No

Interior area

Total structure area: 3,080
Total interior livable area: 3,080 sqft

Property

Parking

Parking features: Off Street

Features

Levels: One
Stories: 1
Has view: Yes
View description: Bay, City, Lake, Mountain(s), Territorial
Has water view: Yes
Water view: Bay,Lake

Lot

Size: 4,499 Square Feet
Features: Curbs, Paved, Sidewalk, Cable TV, Fenced-Partially, Gas Available, Patio
Topography: Sloped,Steep Slope

Details

Parcel number: 1929300660
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: 1 Story
Property subtype: Single Family Residence

Materials

Cement/Concrete
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1924

Utilities & green energy

Electric: Company: Seattle City Light
Sewer: Sewer Connected, Company: Seattle Public Utilities
Water: Public, Company: Seattle Public Utilities

Community & HOA

Community

Subdivision: Lake Union

Location

Region: Seattle

Financial & listing details

Price per square foot: $494/sqft
Tax assessed value: $1,071,000
Annual tax amount: $10,364
Date on market: 4/22/2026
Cumulative days on market: 85 days
Listing terms: Conventional

Estimated market value

$1,458,400

$1.39M - $1.53M

$3,094/mo

Price history

Date	Event	Price
4/23/2026	Listed for sale	$1,520,000+32.2%$494/sqft
Source: eXp Realty #2511118 Report a problem
3/27/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
3/18/2021	Listed for rent	$1,850$1/sqft
Source: Zillow Rental Manager Report a problem
3/7/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
2/22/2021	Listed for rent	$1,850$1/sqft
Source: Zillow Rental Manager Report a problem
1/27/2017	Sold	$1,150,000+15.2%$373/sqft
Source: NWMLS as distributed by MLS GRID #1038496 Report a problem
10/6/2016	Listed for sale	$998,000+64.7%$324/sqft
Source: Windermere Real Estate Company #1039149 Report a problem
3/14/2005	Sold	$605,846$197/sqft
Source: NWMLS as distributed by MLS GRID #25011504 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,340 +9.4%	$1,071,000 +1.8%
2024	$10,364 +2.9%	$1,052,000 -0.1%
2023	$10,076 +3.2%	$1,053,000 -7.6%
2022	$9,767 -10.5%	$1,140,000 -3.5%
2021	$10,911 +4.5%	$1,181,000 +10.2%
2020	$10,444 -3.8%	$1,072,000 -5%
2019	$10,851 +13.1%	$1,129,000 +1.7%
2018	$9,595 +0.5%	$1,110,000 +15.6%
2017	$9,548 +80.6%	$960,000 +8.1%
2016	$5,288	$888,000 +37%
2015	$5,288	$648,000 +19.8%
2014	$5,288	$541,000 +6.5%
2013	$5,288	$508,000 +3.9%
2012	--	$489,000 -2.8%
2011	--	$503,000 +6.3%
2010	--	$473,000
2009	--	$473,000 +14.8%
2007	--	$412,000 +7.6%
2006	--	$383,000
2005	--	$383,000 +68%
2001	$2,715 +9.7%	$228,000 +15.7%
2000	$2,476	$197,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Westlake

Getting around

65 / 100

Somewhat Walkable

63 / 100

Good Transit

73 / 100

Very Bikeable

Nearby schools

GreatSchools rating

10/10
Queen Anne Elementary School
Grades: K-5Distance: 0.4 mi
8/10
McClure Middle School
Grades: 6-8Distance: 0.8 mi
10/10
Lincoln High School
Grades: 9-12Distance: 1.2 mi

Schools provided by the listing agent

Elementary: Hay
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.