8036 116th Avenue Se, Newcastle, WA 98056

Newcastle
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: vera brodsky
Office: coldwell banker bain
MLS#:2506145
Source:NWMLS
8036 116th Avenue Se,Newcastle, WA 98056
$1,999,000
  • 7 Beds
  • 4 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:April 12, 2026 at 12:58 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • 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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 12, 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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