8036 & 8038 116th AVE SE, Newcastle, WA 98056
8036 & 8038 116th AVE SE, Newcastle, WA 98056
8036 & 8038 116th AVE SE, Newcastle, WA 98056
8036 & 8038 116th AVE SE, Newcastle, WA 98056
8036 & 8038 116th AVE SE, Newcastle, WA 98056
8036 & 8038 116th AVE SE, Newcastle, WA 98056
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Rita Breazile

Rita Breazile

+1(206) 660-8700
Listed by:Coldwell Banker Bain • Vera Brodsky
$ 1,999,000
Est. payment | /mo

7 Beds

3.75 Baths

3,030 SqFt

Save
$ 1,999,000
Est. payment | /mo
Save

7 Beds

3.75 Baths

3,030 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,030 sqft

Price per Sqft $659

Subdivision Newcastle

MLS Listing ID 2506145

Style 10 - 1 Story

Bedrooms 7

Full Baths 3

Year Built 1967

Annual Tax Amount $15,540

Lot Size 0.631 Acres

Property Sub-Type Single Family Residence

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

Location

State WA

County King

Area 500 - East Side/South Of I-90

Rooms

Basement None

Main Level Bedrooms 7

Interior

Interior Features Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Walk-In Closet(s)

Flooring Ceramic Tile, Hardwood, Vinyl, Carpet

Fireplaces Number 2

Fireplaces Type Wood Burning

Fireplace true

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

Exterior

Exterior Feature Cement Planked, Wood

Amenities Available Cable TV, Fenced-Fully, Gas Available, Patio, RV Parking

View Y/N Yes

View Territorial

Roof Type Composition

Garage Yes

Building

Lot Description Corner Lot, Dead End Street, Open Space, Paved, Sidewalk, Value In Land

Story One

Sewer Septic Tank

Water Public

New Construction No

Schools

Elementary Schools Hazelwood Elem

Middle Schools Risdon Middle School

High Schools Hazen Snr High

School District Renton

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Schools and Properties Nearby

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Rita Breazile
Rita Breazile

Agent | License ID: 20121282

+1(206) 660-8700

www.ritabreazile.com

Bellevue Way NE, Bellevue, WA, 98004, USA

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8036 & 8038 116th AVE SE