Listed by Helena Chen, eXp Realty
- 2
- Bedrooms
- 2
- Bathrooms
- 3,080
- Square feet
- $494
- Per sq ft
- Single Family Residence
- Type
- 1924
- Year built
- 4,500 sq ft
- Lot
- 127
- Days on market
About this property
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.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2511118
- Listed
- April 22, 2026
- Days on market
- 127
- Price per sq ft
- $494
Unit & building
- Unit levels
- One
Parking
- Parking
- Off Street
Views
- View
- BayCityLakeMountainsTerritorial
Construction
- Year built
- 1924
- Style
- 10 - 1 Story
- Structure
- House
- Roof
- Composition
Heating & cooling
- Heating
- Forced Air
- Cooling
- Forced Air
- Energy source
- ElectricNatural Gas
Flooring
- Flooring
- HardwoodCarpet
Lot
- Lot features
- CurbsPavedSidewalk
- Lot size
- 4,500 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Seattle Public Utilities
- Sewer
- Seattle Public Utilities
- Power
- Seattle City Light
Schools
- District
- Seattle
- Elementary
- Hay
- Middle
- Mc Clure Mid
- High
- Lincoln High
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- One
- Off Street
- Bay
- City
- Lake
- Mountains
- Territorial
- House
- Composition
- Forced Air
- Electric
- Natural Gas
Listing history
Listed
$1,520,000
April 22, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$8,851
- Principal & interest
- $7,686
- Property tax (est.)
- $1,165
Assumes $304,000 down (20%), a $1,216,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of August 28, 2026 at 2:00 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.