5634 E Commerce Ave, Spokane, WA 99207

$675,000
8,832
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$675,000
Price Change
▼ $25,000 1757729615
MLS#
202515212
Property Sub-Type
Residential Income
Current MLS Listing Sale Status
Pending-Inspection
Financing Terms
VA Loan, Conventional, Cash, Owner Financing, Qual Assm, Lease Purchase, Commercial
City
Spokane
Acres
0.56

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.

Additional Information

Year Built
1913
MLS Area/Grid
Valley Urban N I-90
MLS Area/Grid Number
A140/073
Parcel Number
35114.1701
Property Taxes
$5,136
School District
West Valley
Home Amenities
Laundry
Home Total Sq Ft
8,832
Basement
Full, Unfinished
Heating/Cooling
Natural Gas, Electric
Style
Traditional
Roof Style
Flat
Frontage
City Street, Paved Road
Acres MOL
0.56
Lot Size
24,396
Lot Information
Treed, Level, Corner Lot
Property Sub-Type
Residential Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of SARMLS / REAL Broker LLC

Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.