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5634 E Commerce Ave
Spokane, WA 99207

Spokane Area Rental

  • 8,832 Sqft
  • 0.56 Acre

$675,000

5 Months on market

MLS# 202515212

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

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.

SqFt: 8,832
County: Spokane
Year Built: 1913
Basement
  • Full
  • Unfinished
Kitchen / Appliances
  • Refrigerator
  • Washer
  • Dryer
Garage / Parking
  • RV Access/Parking
  • Off Site
  • See Remarks
Heating / Cooling
  • Natural Gas
  • Electric
Lot / Information
  • Treed
  • Level
  • Corner Lot
Roof
  • Flat

Office Details
REAL Broker LLC  —  (360) 810-5696

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 9/12/2025, 2:09 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.