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 Provided Courtesy of Helena Chen, eXp Realty
General Information
NWM2511118
Single Family Residence
1
DOM
2
4499.75 SqFt
2
3080
1924
King
Hay
Mc Clure Mid
Lincoln High
Residential
Single Family Residence
Listing Provided Courtesy of Helena Chen, eXp Realty
Krishna Realty data last checked: Apr 23, 2026 02:57 | Listing last modified Apr 23, 2026 01:19,
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Residence Information
3080
2
0
0
2
Composition
10 - 1 Story
1924
None
None
Poured Concrete
Features and Utilities
Cement/Concrete
Public
Sewer Connected
Financial
10364.48
Cash, Conventional
04-22-2026
Comparable Information
1
1
Cash, Conventional
$1,520,000
$1,520,000
Apr 23, 2026 01:19
Schools
Elementary : HayN/ARatings Middle : Mc Clure Mid N/ARatings High : Lincoln HighN/ARatings
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.
