5634 E Commerce Ave
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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What's included
Appliances
- Refrigerator
- Washer
- Dryer
Heating
- Natural Gas
- Electric
Costs of ownership
- Annual taxes
- $5,136
Run the payment
- Principal & interest
- —
- Property taxes
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- Insurance
- —
- HOA
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Estimates only — excludes PMI and utilities; your lender's numbers govern. Taxes prefilled from the listing record.
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5634 E Commerce Ave.
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Listing information provided courtesy of the Spokane Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use.
Information provided by Spokane Association of REALTORS®. Listings deemed reliable but not guaranteed. Buyer is responsible for verifying all material facts (square footage, lot size, zoning, school assignments, HOA dues, taxes). Not legal, tax, financial, or appraisal advice — consult the relevant professional.