2538 2540 Dexter Avenue N, Seattle, WA 98109

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 6:20PM

Listing Office:

eXp Realty : 888-317-5197

Listing Agent:

Helena Chen : 888-317-5197

MLS ID:

2511133

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Construction

• General: 40 - Res-Less thn 1 Ac

Location

• Road/Access: Paved
• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Topography: See Remarks
• Zoning: 1929300660
• View: BayCityLakeMountainsTerritorialView

Utilities

• Utilities: Electricity ConnectedNatural Gas AvailableElectricity on Property
• Water: Available
• Sewer: Available

Financial

• Source: nwmls