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Brick Apartment Building with Expansion Space
For Sale
$675,000
Pending

5634 E Commerce Ave, Spokane, WA 99207

Residential Income, Spokane, WA

Property Size8,832 SF
Lot Size0.56 Acres
Days on Market537

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 1, Bathroom 3, Basement, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 2
Parking 25
Parking features RV, Offsite
Basement Unfinished, Full
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 Natural Gas, Electric (Heating)

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
Listed By: Marianne Bornhoft · License #34021
Added: Apr 17, 2025 Changed: Sep 16 Last Checked: Oct 5 at 3:06AM
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.

This two-story brick apartment property combines historic character with an existing residential layout. The 8,832-square-foot building, completed in 1913, contains four renovated apartments and a shared laundry room equipped with a washer and dryer. Refrigerators are also included. Natural gas and electric heating serve the property, which has a flat roof and a full unfinished basement.

Located at 5634 E Commerce Ave in Spokane, the building occupies a 0.56-acre corner lot with 25 parking spaces, including RV parking and offsite parking features. Two substantial main-floor areas could support conversion into as many as four more apartments, subject to applicable requirements. The basement includes a conveyor belt and loading dock, providing additional functional space. The property is zoned GC-70 and retains its history as a former school, brewery, and winery.

Key Highlights

  • Four renovated apartments with shared tenant laundry
  • 8,832‑square‑foot, two‑story brick building completed in 1913
  • 0.56‑acre corner lot with 25 parking spaces

Property Analytics

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Current Use

The Parkwater Schoolhouse Hotel & Motel

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Pharmacy Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Four renovated apartments share tenant laundry, with GC-70 zoning and additional interior space for future residential conversion.
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: Four renovated apartments with shared tenant laundry; 8,832‑square‑foot, two‑story brick building completed in 1913; 0.56‑acre corner lot with 25 parking spaces
More about this property
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