8036 & 8038 116th Avenue SE, Newcastle, WA 98056 (MLS # 2495212)

Save to Favorites
 Print
 Share
Listing provided courtesy of Northwest MLS; Coldwell Banker Bain

PRICE $2,195,000
BEDS 7
BATHS 3.75
HOME SIZE 3,030 sqft
LOT SIZE 27,483 sqft
Request More Info Schedule a Showing
Prime Newcastle Development Opportunity - Two Parcels Sold Together Rare chance to acquire two adjacent parcels totaling 27,480 SF (0.63 acres) in the heart of Newcastle"”ideal for builders, investors, or owner-users. Both properties generate strong rental income, offering a perfect hold-and-develop opportunity or future custom home site in one of the Eastside's most desirable locations. Per city guidance, zoning may allow up to 4 single-family lots, with additional potential for duplexes, ADUs, cottage housing, or a unit-lot subdivision. Condo ownership structure may also be possible depending on design (buyer to verify). 8038 116th Ave SE - Updated hilltop 4-bed, 2-bath home (~1,350+ SF) with remodeled baths, new paint, and updated flooring. Rented at $3,250/month. 8036 116th Ave SE - Spacious 3-bed, 1.75-bath home (1,680 SF) with two living areas, remodeled kitchen and baths, plus large backyard. Rented at $3,450/month. Continue strong cash flow, explore development potential, or short plat and build your dream home. Prime location near parks, schools, and commuter routes. A rare opportunity combining land, income, and future upside in sought-after Newcastle.

LAST UPDATED 3/20/2026 TRACT Newcastle
YEAR BUILT 1967 COMMUNITY Newcastle
COUNTY King STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Hazelwood Elem
Jr. High School Risdon Middle School
High School Hazen Snr High


ADDITIONAL DETAILS
AIR Ceiling Fan(s), None
APPLIANCES Dishwasher, Disposal, Dryer, Refrigerator, Washer
AREA 500 - East Side/South of I-90
BASEMENT None
CONSTRUCTION Cement Siding, Wood Siding
EXTERIOR Garden
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Baseboard, Electric, Forced Air, Natural Gas, Wall Furnace
INTERIOR Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Walk-In Closet(s)
LOT 0.6309 acre(s)
LOT DESCRIPTION Corner Lot, Dead End Street, Open Space, Paved, Sidewalk, Value In Land
MLS STATUS Active
PARKING Driveway, Attached, RV Access/Parking
SEWER Septic Tank
STORIES 1
STYLE 10 - 1 Story
SUBDIVISION Newcastle
TAXES 15540
UTILITIES Cable Available
VIEW Yes
VIEW DESCRIPTION Territorial
WATER Public

SATELLITE VIEW



 
CONTACT US ABOUT 8036 & 8038 116TH AVENUE SE
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Katy Smith to contact you even if your name is on a Federal or State "Do not call List".

Properties with the Logo 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 3/22/26 12:24 PM 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.

DMCA Notice

  Logo

This IDX solution is (c) Diverse Solutions 2026.