$2,000,000
 $10,736 est/mo Sourced by Back At You

1722 Dexter Avenue,Seattle, WA 98109

Seattle, WA 98109

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Description

Westlake Development Site: two contiguous parcels at 1722 and 1726 Dexter Ave N, offered together. Each lot is 4,800 SF, for a combined 9,600 SF site zoned LR3(M). LR3(M) zoning and a floor area ratio of 1.8 support approximately 17,280 gross SF of development. Nearby lowrise sites of similar size and zoning have been developed as townhouse projects. Each lot is improved with a 1918 wood frame single family house (2 bed, 1 bath), both rented month to month, producing $4,600 per month in combined scheduled rent. Tenants pay their own utilities. Month to month tenancies let a buyer control the timing of delivery. Off-street driveway parking and in-unit laundry. The site sits on the east facing slope above Lake Union, giving upper floors of a new building water and territorial views, with Lake Union Park and the Westlake waterfront directly below. Dexter Ave N carries a protected bike lane and frequent bus service to downtown, South Lake Union and Fremont. Seller is open to developer terms, including an extended feasibility period and a closing timed to permitting. The adjacent parcels at 1730 and 1732-1734 Dexter Ave N are under the same ownership and marketed separately. Seller has not permitted or entitled the site; buyer to verify density, floor area, height, setbacks and any environmentally critical area designation with SDCI.

Details

MLS #2583599
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site32
Listing Provided ByParagon Real Estate Advisors | Ben Douglas

Features

ZoningLR3(M)
Acreage0.22

Taxes

Property15040

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98109
Area700 Queen Anne | Magnolia
Community NameWestlake
Listing VS Median (in Westlake)
Price:
$2,000,000
low | high
Med:
$842,475
100% of Average
On site:
32
low | high
Med:
36.5
87.671232876712% of Average
Sourced by Back At You

Market Activity 98109

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98109
Area700 Queen Anne | Magnolia
Community NameWestlake
Listing VS Median (in Westlake)
Price:
$2,000,000
low | high
Med:
$842,475
100% of Average
On site:
32
low | high
Med:
36.5
87.671232876712% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.5M - $2.5M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1707 Dexter Avenue B Property Photo 1
$1,945,000
1707 Dexter Avenue B
Seattle, WA 98109
1707 Dexter Avenue B Property Photo 1
$1,945,000
1707 Dexter Avenue B
Seattle, WA 98109
Listing Updated: September 17, 2026 at 12:22:38 PM PDT