$675,000

5634 E Commerce Ave, Spokane, WA 99207

  • 8,832 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1913
  • Property Lot Size Icon0.56acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $76/sqft
  • Property List Date Icon Listed 1 year ago

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.

Listing Status:
Pending
Data Last Updated:
June 19, 2026 at 4:17PM
Listing Office:
REAL Broker LLC : 509-879-3779
Listing Agent:
Marianne Bornhoft : 509-879-3779
MLS ID:
202515212
  • Appliances: RefrigeratorWasherDryer
  • Basement: FullUnfinished
  • Heating: Natural GasElectric
  • Style: Traditional
  • Parking: RV Access/ParkingOff SiteSee RemarksParking spaces: 25
  • Roofing: Flat
  • General: Two Story
  • Road/Access: City StreetPaved Road
  • HOA Amenities: Laundry
  • Originating MLS: sarmls
  • School District: West Valley
  • County: Spokane
  • Zoning: 35114.1701
  • View: Territorial
  • Source: sarmls

This listing courtesy of Marianne Bornhoft , REAL Broker LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location