About this home

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.

Exterior features

Cement/Concrete

Schools

Elementary

Hay

Middle

Mc Clure Mid

High

Lincoln High

Property details

Heating: Forced Air
Cooling: Forced Air
Flooring: Hardwood, Carpet
Parking: Off Street
View: Bay, City, Lake, Mountains, Territorial
Lot: Curbs, Paved, Sidewalk
Water source: Public
Sewer: Sewer Connected
Levels: One

Costs

Price / sq ft: $494
Annual taxes: $10,364 (2025)

Estimate your monthly payment

$8,550/mo

Principal & interest: $7,686
Property taxes: $864

Down payment (20%) $304,000 Interest rate (%) Loan term (years)

Loan amount $1,216,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98109

Approximate location. Contact us to confirm the exact address.

Listing courtesy of eXp Realty— Helena Chen.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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