8036 & 8038 116th Avenue SE

Newcastle, WA 98056

  • 7 Bed

  • 4 Bath

  • 3030 SqFt

  • 0 DOM

  • Built: 1967

  • Status: Active

$2,195,000

X

8036 & 8038 116th Avenue SE

Newcastle 98056

$2195000

  • 7 Bed

  • 4 Bath

  • 3030 SqFt

  • 0 DOM

  • Built: 1967

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 3030

  • 2/Gas

  • 7

  • 3

  • 0

  • 4

  • Composition

  • 10 - 1 Story

  • 1967

  • None

  • None

  • Poured Concrete

Features and Utilities

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

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

  • Cement Planked, Wood

  • Public

  • Septic Tank

Financial

  • 15540

  • Cash, Conventional

  • 03-20-2026

Comparable Information

  • 0

  • 0

  • Cash, Conventional

  • $2,195,000

  • $2,195,000

  • Mar 20, 2026 20:22

Schools

Elementary : Hazelwood Elem N/A Ratings
Middle : Risdon Middle S N/A Ratings
High : Hazen Snr High N/A Ratings

Map

Listing courtesy of Coldwell Banker Bain.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 20, 2026 13:41 | Listing last modified Mar 20, 2026 20:22. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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