5634 E Commerce Ave

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Address: 5634 E Commerce Ave, Spokane, WA 99212, USA
Seattle & Northwest + Apartment Buildings
Created date: April 17, 2025
Date last updated: September 17, 2026
Price: $675,000Investment Analyzer NEW!

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.

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $675,000
No. of Units: 9
Year Built: 1913
Lot Size: 8,832.00 Sq ft
Opportunity Zone: No
Price per unit: $75,000
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 4
Address: 5634 E Commerce Ave, Spokane, WA 99207, USA
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