Homes for sale - 5634 E Commerce Ave, Spokane, WA 99207

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Spencer Millsap

spencer@realestatemvmt.com +1(509) 688-5014

Listed by Marianne Bornhoft • REAL Broker LLC

$ 675,000

Est. payment | -/mo

8,832 SqFt

Save

$ 675,000

Est. payment | -/mo

Save

8,832 SqFt

Key Details

Property Type Multi-Family

Sub Type Rental

Listing Status Active

Purchase Type For Sale

Square Footage 8,832 sqft

Price per Sqft $76

MLS Listing ID 202515212

Style Traditional

Year Built 1913

Annual Tax Amount $5,136

Lot Size 0.560 Acres

Lot Dimensions 0.56

Property Sub-Type Rental

Property Description

A classic 1913 brick landmark in Spokane, the Parkwater Schoolhouse has been reimagined as a distinctive apartment building with room to grow. This two-story former school—once a brewery and later a beloved winery—now features four renovated residential apartments and a shared laundry room for tenants. Zoned GC-70, the property includes two large main-floor spaces with strong potential to be converted into up to four additional apartments. Situated on a prominent corner lot, the 8,832 sq ft building sits on over half an acre and offers 25 parking spaces. The full unfinished basement includes a conveyor belt and loading dock, offering further potential for storage, creative reuse, or development. Full of historic character and investment upside, the Parkwater Schoolhouse presents a rare opportunity to expand a residential income property in a truly one-of-a-kind setting.

Location

State WA

County Spokane

Rooms

Basement Full, Unfinished

Interior

Heating Natural Gas, Electric

Appliance Refrigerator, Washer, Dryer

Exterior

Parking Features RV Access/Parking, Off Site, See Remarks

Amenities Available Laundry

View Y/N true

View Territorial

Roof Type Flat

Total Parking Spaces 25

Building

Lot Description Treed, Level, Corner Lot

Story 2

Architectural Style Traditional

Structure Type Brick

Schools

School District West Valley

Others

Acceptable Financing VA Loan, Conventional, Cash, Owner Financing, Qual Assm, Lease Purchase, Commercial

Listing Terms VA Loan, Conventional, Cash, Owner Financing, Qual Assm, Lease Purchase, Commercial

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 688-5014

spencer@realestatemvmt.com

1119 W 1st Ave, Spokane, Washington, 99201, USA

5634 E Commerce Ave Spokane, WA 99207