Four-Unit Brick Apartment
For Sale
$675,000
Pending
5634 E Commerce Ave, Spokane, WA 99207
MULTI_FAMILY - Other - Spokane, WA
Property Size8,832 SF
Lot Size0.56 Acres
Days on Market492
Property Features for 5634 E Commerce Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GC-70
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 1, Basement, Bathroom 3, Bedroom 4, Bathroom 2
Parking
25
Parking features
Offsite, RV
Basement
Full, Unfinished
Appliances
Refrigerator, Washer, Dryer
Lot features
Treed, Level, Corner Lot
View
Territorial
Elementary school district
West Valley
Directions
On the corner of Fancher and Commerce. Just one block from Trent Ave (SR-290)
Standard status
Pending
APN
35114.1701
Size
8,832 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Annual Amount
5136
Utilities
Heating system
Electric (Heating), Natural Gas
Amenities
shared laundry room
Building Details
Year built
1913
Floors in Building
2
Number of units
9
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
REAL Broker LLC
(360) 810-5696
Listed By:
Marianne Bornhoft · License #34021
(855) 450-0442
Added: Apr 17, 2025
Changed: Aug 4
Last Checked: Aug 21 at 12:06AM
MLS# 202515212
Copyright © 2026 Spokane Association of REALTORS®. 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.
Parkwater Schoolhouse, a historic 1913 brick building, has been reimagined as a four-unit apartment property. The building includes four renovated residential apartments and a shared laundry room for tenants. Two large main-floor spaces provide room that may be converted to up to four additional apartments. An unfinished basement adds further usable flexibility, including a conveyor belt and loading dock.
The property is on a prominent corner lot at 5634 E Commerce Ave, Spokane, WA 99207. Zoned GC-70, the 8,832 sq ft building sits on 0.56 acres and offers 25 parking spaces. Heating includes natural gas and electric (heating), and the roof is flat. On-site appliances listed include a refrigerator, washer, and dryer.
This is a mixed-use adaptable multifamily asset with in-building improvements already in place, plus additional space that can support expansion or creative redevelopment aligned with the property’s existing configuration.
The property is on a prominent corner lot at 5634 E Commerce Ave, Spokane, WA 99207. Zoned GC-70, the 8,832 sq ft building sits on 0.56 acres and offers 25 parking spaces. Heating includes natural gas and electric (heating), and the roof is flat. On-site appliances listed include a refrigerator, washer, and dryer.
This is a mixed-use adaptable multifamily asset with in-building improvements already in place, plus additional space that can support expansion or creative redevelopment aligned with the property’s existing configuration.
Key Highlights
- Zoned GC‑70 corner lot in Spokane at 5634 E Commerce Ave
- Four renovated apartments plus shared laundry room
- 0.56‑acre site with 8,832 sq ft brick building built in 1913
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four renovated apartments with shared laundry in a 1913 brick building, zoned GC-70, with 25 parking spaces on a corner lot.
Where is this apartment building located?
The property is located at 5634 E Commerce Ave Spokane, WA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Zoned GC‑70 corner lot in Spokane at 5634 E Commerce Ave; Four renovated apartments plus shared laundry room; 0.56‑acre site with 8,832 sq ft brick building built in 1913
