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. Additional information available. Buyer to verify all development potential.
Active
Listed by: eXp Realty • Helena Chen
$1,520,000
2538 Dexter Ave N Avenue N, Seattle, WA 98109
2beds
3,080sqft
Single Family Residence
Built in 1924
4,499 Square Feet Lot
$1,451,100 Zestimate®
$494/sqft
$-- HOA
What's special
- 130 days
- 184
- 8
Zillow last checked:
Listing updated:
Listed by:
Helena Chen,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2511118
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: 4/21/2026
- Cumulative days on market: 132 days
- Listing terms: Conventional
Estimated market value
$1,451,100
$1.38M - $1.52M
$3,621/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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Westlake
Nearby schools
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.
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