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8036 116th Avenue Se, Newcastle, WA 98056

Newcastle
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: vera brodsky
Office: coldwell banker bain
MLS#:2506301
Source:NWMLS
8036 116th Avenue Se,Newcastle, WA 98056
$1,999,000
  • 0.63 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$1,999,000

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

  • Listing ID #:2506301
  • Updated:April 25, 2026 at 06:43 PM

Structure and exterior

  • Lot area:0.63 Acres
  • Lot Features:Corner, Dead-end Street, Open Space, Paved, Sidewalk

Schools

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

Utilities

  • Water:Available

Finances and disclosures

  • Price:$1,999,000
  • Tax amount:$15,540 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 25, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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