Mixed-Use Building with
For Sale
$989,000
135 E 1ST Ave, Colville, WA 99114
Multi Family, Contemporary, 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
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Parking Lot, Covered, Off Street
Basement
Unfinished, Walk-Out Access
Lot features
Paved, Level
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
Electric (Heating), Forced Air, Natural Gas, Baseboard, Heat Pump (Heating)
Cooling system
Window Unit(s), Electric, Central Air
Building Details
Year built
1909
Floors in Building
4
Roof type
Flat
Architectural style
Contemporary
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 12:06PM
MLS# 46336
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.
Built in 1909, this mixed-use property contains 8,400 square feet on a 0.1-acre parcel. The building includes four apartments occupied by long-term tenants, three commercial units, and additional owner-operator space spanning the main floor and mezzanine. A basement, flat roof, and period storefront elements contribute to the building’s established commercial character.
Located at 135 E 1ST Ave in Colville, Washington, the property includes off-street parking, covered parking, and a parking lot. Building systems include natural gas, heat pump, forced-air, electric, and baseboard heating, along with electric, window-unit, and central air-conditioning options. The contemporary-style structure offers a combination of residential and commercial occupancy within a single downtown address.
Located at 135 E 1ST Ave in Colville, Washington, the property includes off-street parking, covered parking, and a parking lot. Building systems include natural gas, heat pump, forced-air, electric, and baseboard heating, along with electric, window-unit, and central air-conditioning options. The contemporary-style structure offers a combination of residential and commercial occupancy within a single downtown address.
Key Highlights
- 8,400‑square‑foot mixed‑use building on a 0.1‑acre parcel
- 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 - Historic downtown building combines residential occupancy with multiple commercial units and dedicated owner-operator space.
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 a 0.1‑acre parcel; Four apartments with long‑term tenants; Three commercial units plus owner‑operator space on the main floor and mezzanine
