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.
Property Type(s):
Single Family
|
Last Updated
|
4/22/2026
|
Tract
|
Lake Union
|
|
Year Built
|
1924
|
Community
|
Lake Union
|
|
County
|
King
|
SCHOOLS
| Elementary School |
Hay |
| Jr. High School |
Mc Clure Mid |
| High School |
Lincoln High |
Additional Details
| AIR CONDITIONING |
Yes |
| AREA |
700 - Queen Anne/Magnolia |
| BASEMENT |
None |
| HEAT |
Electric, Forced Air, Natural Gas |
| LOT |
4500 sq ft |
| LOT DESCRIPTION |
Curbs, Paved, Sidewalk |
| MLS STATUS |
Active |
| PARKING |
Off Street |
| STORIES |
1 |
| STYLE |
10 - 1 Story |
| SUBDIVISION |
Lake Union |
| TAXES |
10364.48 |
| UTILITIES |
Cable Available, Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Bay, City, Lake, Mountain(s), Territorial |
| WATER |
Public |
Location
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/23/26 3:26 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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This IDX solution is (c) Diverse Solutions 2026.
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