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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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by:Coldwell Banker Bain • Vera Brodsky
$ 1,999,000
Est. payment | /mo

0.63 Acres Lot

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

0.63 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Newcastle

MLS Listing ID 2506301

Style 40 - Res-Less thn 1 Ac

Annual Tax Amount $15,540

Lot Size 0.631 Acres

Property Sub-Type Land

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

Interior

Fireplace false

Exterior

Utilities Available Electricity Available, Natural Gas Available, Septic Design Installed

View Y/N Yes

View Territorial

Building

Lot Description Corner Lot, Dead End Street, Open Space, Paved, Sidewalk

Sewer Not Available

Water Available

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.

Nearby Schools & Businesses

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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

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