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Listed price in listed location currency (USD).
$2,195,000

742

MLS® 2495212

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 3030 sqft
Garage Yes
Taxes $15,540
Days Active 2
Lot Size 0.6309 acres
Approx. Age 1967
Avg. Price Per Sqft $724
MLS® Number 2495212

Property Address: 8036 & 8038 116th Ave Se, Newcastle, WA, 98056-1729

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2495212
Laundry Level
Central VacNo
FireplaceNo
Acreage0.6309
Exterior
GarageYes
Approx. Age1967
BasementNone
DrivewayDriveway, Attached Garage, RV Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)

Rooms

Family Room:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Living Room:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Dining Room:Main FloorNot available
Other:Main FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 20, 2026List Date
$2,195,000List Price
  • Commute

Commute

Starting Address
Destination Address
8036 & 8038 116 Th Ave Se, Newcastle, WA

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