Emma Lazo

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Listing provided courtesy of eXp RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2511133MLS Provider

2538 2540 Dexter Avenue NSeattle, WA 98109

Vacant Land · 0.21 Acres
$3,000,000 Active

2538 2540 Dexter Avenue N Overview

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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.

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2538 2540 Dexter Avenue N Facts & Features

  • Type Vacant Land
  • Lot 0.21 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle
  • Elementary School: John Hay Elementary
  • Middle Or Junior School: Mc Clure Mid
  • High School: Lincoln High

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 700 - Queen Anne/Magnolia
  • Subdivision Name: Lake Union

General Information

  • Listing Terms: See Remarks
  • Parcel Number: 1929300660
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0

Exterior

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.2066
  • Lot Size Square Feet: 9000
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Topography: See Remarks
  • Vegetation: See Remarks
  • Elevation Units: Feet
  • Water Source: Available

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Structure Type: None

General Information

  • Carport: No
  • Electric On Property: Yes
  • Sewer: Available
  • Utilities: Electricity Connected, Natural Gas Available

2538 2540 Dexter Avenue N Neighborhood

Community

98109 (Seattle) Demographics

31
Median Age
12,812
Population Density (per sq. mile)
80%
College Educated
$107,330
Estimated Median Income
4,107
Estimated Total Home Owners
14,510
Estimated Total Renters
22% / 78%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2538 2540 Dexter Avenue N Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2538 2540 Dexter Avenue N Market Data

Based on the last 30 days in this zip code

$1,037,656
Average List Price
$711
Average Price per Square Foot
31
Properties Sold
72
Average Days on Market
159
Properties for Sale
Calculations provided by Reliance Network

2538 2540 Dexter Avenue N History

Date Event Value Agent
4/22/2026Source: NWMLS Added to Database
April 22, 2026