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$2,195,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 7 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 3,030 Sq. Ft.
  • Updated 8 hours ago
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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.

Full Property Details for 8036 & 8038 116th Ave SE

General

  • Price: $2,195,000
  • Taxes: $15,540 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2495212
  • Updated: 3/20/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Walk-In Closet(s)
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Wood Burning
  • Appliances: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • 3/4 Bathrooms: 1
  • Main Floor Baths: 4
  • Main - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 7
  • Bedrooms Main: 7

Additional Information

  • Amenities: Cable TV, Fenced-Fully, Gas Available, Patio, RV Parking
  • Security/Safety: Fully Fenced

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Covered Spaces: 2
  • Parking Features: Driveway, Attached Garage, RV Parking

Location

  • Area: 500 - East Side/South of I-90
  • County: King
  • Subdivision: Newcastle
  • Driving Directions: I-405-North, Exit 7 for NE 44th St, Continue on Lake Washington Blvd NE, Right NE 48th St, Right 116th Ave SE, property on left. 8038 116th Ave SE is up the road behind house # 8036.

School Information

  • High School District: Renton
  • Elementary School: Hazelwood Elem
  • Middle School: Risdon Middle School
  • High School: Hazen Snr High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Forced Air, Wall Furnace

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Cement Planked, Wood
  • Basement Desc.: None
  • Foundation: Poured Concrete
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 3,030
  • Finished Total: 3,030 Sq. Ft.
  • Year Built: 1967

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.6309
  • Lot Size (Sq. Ft.): 27,480
  • Lot Size Source: Tax Records SEE REMARKS
  • Topography: Level, Partial Slope
  • Lot Features: Corner Lot, Dead End Street, Open Space, Paved, Sidewalk, Value In Land
  • Trees/Vegetation: Garden Space

Financial Considerations

  • Tax Amount: $15,540
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Property ID: 3346300273
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 8036 & 8038 116th Ave SE —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 8036 & 8038 116th Ave SE

School District:Renton School District
NameGradesDistance
Hazelwood Elementary School, Newcastle, WA
7100 116th Avenue Southeast, Newcastle, WA 98056
K-50.5 mi
Vera Risdon Middle School
6928 116th Avenue Southeast, Newcastle, WA 98056
6-80.7 mi
Hazen Senior High School
1101 Hoquiam Avenue Northeast, Renton, WA 98059
9-122.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8036 & 8038 116th Ave SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/20/2026
Listed
$2,195,000
362.11%
MLS
5/23/2017
Sold
$475,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8036 & 8038 116th Ave SE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,618
12%
$805,000
-7%
2024
$6,813
-12%
$867,000
—
2022
$7,724
40%
$867,000
37%
2021
$5,498
—
$635,000
26%
2021
$5,498
3%
$502,000
2%
2020
$5,348
—
$490,000
-5%
2019
$5,325
-3%
$514,000
14%
2018
$5,471
30%
$451,000
28%
2017
$4,200
441%
$353,000
7%
2016
$777
-3%
$329,000
-2%
2015
$799
-8%
$337,000
15%
2014
$864
—
$292,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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8036 & 8038 116th Avenue SE, Newcastle, WA 98056 (MLS# 2495212) is a Single Family property with 7 bedrooms, 3 full bathrooms and 1 partial bathroom. 8036 & 8038 116th Avenue SE is currently listed for $2,195,000 and was received on March 20, 2026. This property is listed by Vera Brodsky from our Bellevue Office.Want to learn more about 8036 & 8038 116th Avenue SE? Do you have questions about finding other Single Family real estate for sale in Newcastle? You can browse all Newcastle real estate or contact a Coldwell Banker agent to request more information.

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