5634 E Commerce Ave
Spokane, WA 99207
Listed by Marianne Bornhoft, REAL Broker LLC
Pending- Units
- 9
- Built
- 1913
- Size
- 8,832 sq ft
- On market
- 214 days
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The units
| Unit | Beds | Baths | Sq ft | Rent / mo | Rentometerestimated | RentCastestimated |
|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 981 | $1,475estimated Rentometer $1,116 · RentCast $1,210 | $1,116 | $1,210 |
| 2 | 1 | 1 | 981 | $1,475estimated Rentometer $1,116 · RentCast $1,210 | $1,116 | $1,210 |
| 3 | 1 | 1 | 981 | $1,475estimated Rentometer $1,116 · RentCast $1,210 | $1,116 | $1,210 |
| 4 | 1 | 1 | 981 | $1,475estimated Rentometer $1,116 · RentCast $1,210 | $1,116 | $1,210 |
This rent roll is partial. The listing reports rent on 4 of 9 units, so the rents above do not add up to the building.
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Price history
- Apr 17, 2025Listed for sale$750,000$83,333/unit
About the building
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.
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