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About the Listing 5080 - 61979
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.
Listing Highlights
Status
Active
Days on Site
16
Property Type
Vacant Land
MLS ®
2495562
Year Built
Total Square Footage
0
Lot/Acreage
0.63
County
King
Neighborhood
Newcastle
School District
Renton
Elementary School
Hazelwood Elementary
Middle School
Risdon Middle School
High School
Hazen Senior High
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Available
Exterior Details
- Lot Description: Corner Lot,Dead End Street,Open Space,Paved,Sidewalk
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Not Available
Financial Details
- Tax Amount: $15,540
- Taxes w/Assessments: N/A
- Tax/Property ID: 3346300273
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
8036 & 8038 116th Ave SE Newcastle, WA 98056
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