Listing Provided Courtesy of eXp RealtyRare 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.
Property Details
Price:
$1,520,000
MLS #:
NWM2511118
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Lake Union
Neighborhood:
700queenannemagnolia
Listed Date:
Apr 22, 2026
Finished Sq Ft:
3,080
Total Sq Ft:
3,080
Lot Size:
4,500 sqft / 0.10 acres (approx)
Year Built:
1924
See this Listing
Schools
School District:
Seattle
Elementary School:
Hay
Middle School:
Mc Clure Mid
High School:
Lincoln High
Interior
Bathrooms
2 Three Quarter Bathrooms
Cooling
Forced Air
Flooring
Hardwood, Carpet
Heating
Forced Air
Levels
One
Main Level Bathrooms
2
Main Level Bedrooms
2
Exterior
Construction Materials
Cement
Direction Faces
West
Exterior Features
Cement/Concrete
Lot Features
Curbs, Paved, Sidewalk
Parking Features
Off Street
Roof
Composition
Security Features
Partially Fenced
View
Bay, City, Lake, Mountains, Territorial
Financial
Tax Year
2025
Taxes
$10,364
Map
Community
- Address2538 Dexter Ave N Avenue N Seattle WA
- SubdivisionLake Union
- CitySeattle
- CountyKing
- Zip Code98109
Subdivisions in Seattle
- Admiral
- Alaska Junction
- Alki
- Allentown
- Arbor Heights
- Arboretum
- Arroyo
- Ballard
- Beach Drive
- Beacon Hill
- Belltown
- Belvedere Terrace
- Belvidere
- Bitter Lake
- Blue Ridge
- Boulevard Park
- Briarcrest
- Brighton
- Broadmoor
- Broadview
- Broadway
- Bryant
- Bryn Mawr
- Burien
- Campbell Hill
- Capitol Hill
- Cedar Park
- Cedarhurst
- Central Area
- Columbia
- Columbia City
- Crown Hill
- Delridge
- Denny Blaine
- Denny Triangle
- Downtown
- Dunlap
- Earlington
- Eastlake
- Fairmount
- Fauntleroy
- First Hill
- Fremont
- Gatewood
- Genesee
- Georgetown
- Glen Acres
- Green Lake
- Greenwood
- Gregory Heights
- Haller Lake
- Hawthorne Hills
- High Point
- Highland Park
- Highline
- Hillman City
- Holly Park
- International District
- Inverness
- Jackson Park
- Judkins
- Kent
- Lake City
- Lake Forest Park
- Lake Union
- Lakeridge
- Lakewood
- Laurelhurst
- Leschi
- Licton Springs
- Lincoln Park
- Loyal Heights
- Madison Park
- Madison Valley
- Madrona
- Magnolia
- Magnolia Bluff
- Maple Leaf
- Matthews Beach
- Meadowbrook
- Montlake
- Morgan Junction
- Mt Baker
- N Beacon Hill
- North Admiral
- North Beach
- North Burien
- North Capitol Hill
- North City
- North Shorewood
- Northgate
- Olympic Hills
- Olympic Manor
- Phinney Ridge
- Pigeon Point
- Pinehurst
- Pioneer Square
- Portage Bay
- Puget Ridge
- Queen Anne
- Rainier Beach
- Rainier Valley
- Ravenna
- Renton
- Roosevelt
- Sand Point
- SeaTac
- Seattle
- Seaview
- Seola Beach
- Seward Park
- Shoreline
- Shorewood
- Skyway
- Sodo
- South Lake Union
- South Park
- Southern
- Sunset Hill
- The Highlands
- Top Hat
- Tukwila
- University District
- Upper Rainier Beach
- Victory Heights
- View Ridge
- Wallingford
- Washington Park
- Wedgwood
- West Seattle
- Westlake
- Westwood
- Westwood Village
- White Center
- Whittier
- Windermere
- Woodland Park
Market Summary
Current real estate data for Single Family in Seattle as of Jul 26, 2026
2,164
Single Family Listed
57
Avg DOM
605
Avg $ / SqFt
$1,218,104
Avg List Price
Property Summary
- Located in the Lake Union subdivision, 2538 Dexter Ave N Avenue N Seattle WA is a Single Family for sale in Seattle, WA, 98109. It is listed for $1,520,000 and features 2 beds, 2 baths, and has approximately 3,080 square feet of living space, and was originally constructed in 1924. The current price per square foot is $494. The average price per square foot for Single Family listings in Seattle is $605. The average listing price for Single Family in Seattle is $1,218,104. To schedule a showing of MLS#nwm2511118 at 2538 Dexter Ave N Avenue N in Seattle, WA, contact your Best in the West agent at 206-351-5550.
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© 2026 Northwest Multiple Listing Service as distributed by MLS GRID.
represents listings courtesy of NWMLS. Listed by eXp Realty.
Disclaimer: Based on information submitted to the MLS GRID as of Jul-26-2026 6:27:50 pm. 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.
Copyright 2026. All rights reserved.
represents listings courtesy of NWMLS. Listed by eXp Realty.Disclaimer: Based on information submitted to the MLS GRID as of Jul-26-2026 6:27:50 pm. 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.
Copyright 2026. All rights reserved.
2538 Dexter Ave N Avenue N
Seattle, WA