8036 116th Avenue Se, Newcastle, WA 98056

Newcastle
Local realty services provided by:Knipe Realty ERA Powered
Listed by: vera brodsky
Office: coldwell banker bain
MLS#:2506145
Source:NWMLS
8036 116th Avenue Se,Newcastle, WA 98056
$1,999,000
  • 7 Beds
  • - Baths
  • 3,030 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$1,999,000
  • Price per sq. ft.:$659.74

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...

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Home facts

  • Year built:1967
  • Listing ID #:2506145
  • Updated:May 08, 2026 at 11:01 AM

Rooms and interior

  • Bedrooms:7
  • Full bathrooms:3
  • Flooring:Carpet, Ceramic Tile Floor, Hardwood, Vinyl Floor
  • Kitchen Description:Dishwasher, Disposal, Refrigerator
  • Bedroom Description:Main Level Bedrooms : 7
  • Basement:Yes
  • Living area:3,030 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1967
  • Building area:3,030 sq. ft.
  • Lot area:0.63 Acres
  • Lot Features:Corner, Dead-end Street, Open Space, Paved, Sidewalk, Value In Land
  • Construction Materials:Cement Planked, Wood Exterior Finish
  • Exterior Features:Fenced-Fully, Patio
  • Foundation Description:None
  • Levels:1 Story

Schools

  • High school:Hazen Snr High
  • Middle school:Risdon Middle School
  • Elementary school:Hazelwood Elem

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,999,000
  • Price per sq. ft.:$659.74
  • Tax amount:$15,540 (2025)

Features and amenities

  • Appliances:Dishwasher, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Cable TV, Ceiling Fan(s), Gas Available, Walk-In Closet(s)

Parking

  • Total parking spaces:2
  • Parking description:Attached Garage, Driveway, RV Parking
  • Garage:Yes
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