This listing courtesy of Vera Brodsky , Coldwell Banker Bain
$1,999,000

8036 & 8038 116th Avenue SE, Newcastle, WA 98056

  • 7 beds |
  • 4 baths |
  • 3,030 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1967
  • Property Lot Size Icon0.63acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $660/sqft
  • Property List Date Icon Listed 1 month ago

Property 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

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 7:19AM
Listing Office:
Coldwell Banker Bain : 425-454-0470
Listing Agent:
Vera Brodsky : 425-454-0470
MLS ID:
2506145
  • General: Bath Off PrimaryCeiling Fan(s)Dbl Pane/Storm WindowFireplaceWalk-In Closet(s)
  • Appliances: DishwasherDisposalDryerRefrigeratorStove(s)/Range(s)Washer
  • Basement: None
  • Flooring: Ceramic TileHardwoodVinylCarpet
  • A/C: None
  • Heating: BaseboardForced AirWall Furnace
  • Fireplace: Wood BurningFireplaceFireplaces: 2
  • General: Cement PlankedWood
  • Parking: DrivewayAttached GarageRV ParkingParking spaces: 2
  • Roofing: Composition
  • General: OnePoured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Renton
  • County: King
  • Topography: LevelPartial Slope
  • Zoning: 3346300273
  • View: TerritorialView
  • Water: Public
  • Sewer: Septic Tank
  • Source: nwmls

This listing courtesy of Vera Brodsky , Coldwell Banker Bain

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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