8036 & 8038 116th Avenue SE, Newcastle, WA 98056 (MLS # 2495562)

Listing provided courtesy of Northwest MLS; Coldwell Banker Bain

PRICE	$2,195,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	27,483 sqft

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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	0	COMMUNITY	Newcastle
COUNTY	King	STATUS	Active
PROPERTY TYPE(S)	Lot/Land/Acreage

SCHOOLS

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

ADDITIONAL DETAILS
AREA	500 - East Side/South of I-90
HEAT	None
LOT	0.6309 acre(s)
LOT DESCRIPTION	Corner Lot, Dead End Street, Open Space, Paved, Sidewalk
MLS STATUS	Active
SEWER	Septic Tank
STYLE	40 - Res-Less thn 1 Ac
SUBDIVISION	Newcastle
TAXES	15540
UTILITIES	Electricity Available, Natural Gas Available
VIEW	Yes
VIEW DESCRIPTION	Territorial

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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 3/21/26 11:57 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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