Property Details
8036 & 8038 116th Avenue SE, Newcastle, WA 98056
Newcastle, WA 98056
$1,999,000
Active
Schedule a Tour
Select your date preference
Request More Info
1 / 30
About This Home
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
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
King
Neighborhood
Newcastle
Listed
Apr 11, 2026
Interior Features
Bedrooms
7
Bathrooms
4.0
Living Area
3,030 sq ft
Basement
None
Entry Level
Main
Interior Features
Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Walk-In Closet(s)
Exterior & Lot
Lot Size
0.63 sqft
Year Built
1967
Exterior Materials
Cement Plank, Wood
Parking
Driveway, Attached Garage, RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Corner Lot, Dead End Street, Open Space, Paved, Sidewalk, Value In Land
Exterior Features
Cement Planked, Wood
Location
City
Newcastle
County
King
Coordinates
47.53016, -122.18526
Schools
School District
Renton
Elementary School
Hazelwood Elem
Middle School
Risdon Middle School
High School
Hazen Snr High
Additional Information
Tax Year
2025
Annual Taxes
$15,540
Possession
Array
Inclusions
Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Stove(s)/Range(s),Washer(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of April 14, 2026 6:35 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
