Mixed-Use Building with Owner
For Sale
$989,000
135 E 1ST Ave, Colville, WA 99114
Commercial, COLVILLE, WA
Property Size8,400 SF
Lot Size0.10 Acres
Price / SF$117.74
Days on Market48
Property Features for 135 E 1ST Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Family, Commercial, Business
Rooms
Basement
Parking features
Parking Lot, Off Street
Exterior features
Handicap Access, Lighting, Road Frontage
Basement
Walk-Out Access, Unfinished
Accessibility
Accessible Approach with Ramp
Directions
From Main St go east on 1st. Building on North side of 1st. Plenty of street parking.
Subdivision
S1 - Colville
Standard status
Active
APN
0006800
Size
8,400 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
COLVILLE ORIGINAL S 5' LOT 9 BLK 8; LOT 10 BLK 8 COLVILLE ORIGINAL
Legal Description
COLVILLE ORIGINAL S 5' LOT 9 BLK 8; LOT 10 BLK 8 COLVILLE ORIGINAL
Utilities
Heating system
Natural Gas, Electric (Heating), Heat Pump (Heating), Baseboard, Forced Air
Cooling system
Window Unit(s), Electric, Central Air
Water source
Public
Building Details
Year built
1909
Flooring type
Concrete, Vinyl, Carpet
Listing Agency:
Ken Barcus Realty
(509) 685-1100
Listed By:
Alexandra Matthews · License #17462
(206) 229-2049
Added: Aug 20
Changed: Oct 5
Last Checked: Oct 6 at 8:06AM
MLS# 46337
Copyright © 2026 Northeast Washington Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 1909, this mixed-use property contains 8,400 square feet on a 0.1-acre site. The configuration includes four apartments, three commercial units, and additional business space distributed across the main floor and mezzanine. The apartments have long-term tenants, while the owner-operator area provides room for an on-site business presence.
The property is located at 135 E 1ST Ave in Colville, Washington, within Stevens County. Building features include road frontage, lighting, handicap access, and an accessible approach with ramp. Parking is provided through off-street spaces and a parking lot. Public water serves the property, and building systems include forced-air, natural gas, electric, heat pump, and baseboard heating options, along with central air and window-unit cooling.
The property is located at 135 E 1ST Ave in Colville, Washington, within Stevens County. Building features include road frontage, lighting, handicap access, and an accessible approach with ramp. Parking is provided through off-street spaces and a parking lot. Public water serves the property, and building systems include forced-air, natural gas, electric, heat pump, and baseboard heating options, along with central air and window-unit cooling.
Key Highlights
- 8,400‑square‑foot mixed‑use building on 0.1 acres
- Four apartments with long‑term tenants
- Three commercial units plus owner‑operator space on the main floor and mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,159
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,180
$1.7M
Cap Rate 7%
$1,245,129
$1.2M
Cap Rate 9%
$968,433
$968.4K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$136.1K $16.20/SF
− Vacancy
−$11.6K −$1.38/SF
EGI
$124.5K $14.82/SF
− OpEx
−$37.4K −$4.45/SF
NOI
$87.2K $10.38/SF
Area
Stevens County, WA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,180
Cap Rate 7%
$1,245,129
Cap Rate 9%
$968,433
Alternative Uses
Best Use
Mixed Use
$1.43M
$1.25M – $1.67M
NOI $100,328 @ 7.0% cap · market cap 10.14%
Second Best
Retail
$1.25M
$1.09M – $1.45M
NOI $87,159 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,704 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 99114, WA
12,649
Population
6,154
Households
2.1
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
718.5 sq mi
ZIP Area
18
Density / Sq Mi
$61,891
Median Household Income
$45,164
Median Earnings
$916
Median Rent
$268,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Apartments, commercial suites, and an owner-operator area occupy the building.
Where is this mixed-use property located?
The property is located at 135 E 1ST Ave Colville, WA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 8,400‑square‑foot mixed‑use building on 0.1 acres; Four apartments with long‑term tenants; Three commercial units plus owner‑operator space on the main floor and mezzanine
