Newcastle, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Newcastle, Washington Market population: 11K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Newcastle WA Properties: 88.0000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Newcastle WA
Common questions from investors exploring commercial real estate in Newcastle WA.
What's the overall investment outlook for Newcastle, WA?
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Newcastle's 4.2% poverty rate and 95.8% health insurance coverage suggest a stable market with access to employment opportunities, while its top industries in Information, Public Administration, and Manufacturing indicate a diverse economy, making it an attractive location for real estate investment.
How does the city's demographic diversity impact market demand?
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The city's ethnic diversity, with 34.9% White, 33.3% White Non-Hispanic, and 21.3% Asian populations, combined with a 24.8% foreign born rate, suggests a culturally rich and potentially high-demand market for housing, driven by its employed population of 5,898 and median household income of $109,798.
What are the key factors influencing quality of life for renters in Newcastle?
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The average commute time of 24.4 minutes, with top commute methods including driving alone, working from home, and carpooling, indicates a convenient and flexible transportation network, while the 95.8% health insurance coverage and low poverty rate of 4.2% suggest a high quality of life for renters, making the city an attractive location for investment.
How does the local economy impact the real estate market in Newcastle?
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The city's strong median household income of $109,798, low poverty rate of 4.2%, and diverse top industries, including Information, Public Administration, and Manufacturing, suggest a stable and growing economy, which can drive demand for housing and support long-term real estate investment, with a median property value of $518,500 and median property taxes of $3,084.
What role does the city's homeownership rate play in its investment potential?
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Newcastle's 71.3% homeownership rate, combined with its low poverty rate of 4.2% and high health insurance coverage of 95.8%, indicates a stable and potentially high-demand rental market, driven by its employed population and median household income, making it an attractive location for real estate investors looking to capitalize on the city's strong economy and quality of life.
Newcastle WA Real Estate & City Facts
Key facts and real estate information about Newcastle WA.
What are some of the best neighborhoods to live in Newcastle?
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Some of the best neighborhoods to live in Newcastle include The Reserve, which is known for its luxurious homes and scenic views, and the southeast parts of the city, which tend to be more desired. Other neighborhoods like Hillside and Coal Creek also offer a peaceful atmosphere and top-rated schools.
What are some fun things to do in Newcastle?
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There are plenty of fun things to do in Newcastle, such as visiting Lake Boren Park, which offers a playground, trails, and recreational activities. You can also explore the city's growing park system, go on a hike, or take a tour of the nearby attractions like the Golf Club At Newcastle or Donegal Park.
What is the food scene like in Newcastle?
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The food scene in Newcastle is diverse and offers a range of options, from Asian cuisine at Fan Tang Asian Cafe to Mexican food at Loco Chon Bar & Grill. You can also find award-winning restaurants like Water's Table, which offers local farm-to-table cuisine, and The Calcutta Grill, which serves European and British dishes.
What are the pros and cons of living in Newcastle?
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The pros of living in Newcastle include its peaceful atmosphere, top-rated schools, and scenic views. However, some cons include the city's relatively high cost of living and traffic commute times. Additionally, some areas of the city may be more prone to noise pollution or have limited public transportation options.
Is Newcastle a good place to live?
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Overall, Newcastle is a great place to live, offering a unique blend of natural beauty, outdoor recreation, and urban amenities. While it may have some drawbacks, the city's strong sense of community, good schools, and diverse food scene make it an attractive option for families and young professionals alike.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Newcastle WA Commercial Property: $109,798
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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