5634 E Commerce Ave Spokane, WA 99212
Chief Garry Park NeighborhoodEstimated payment $3,975/month
Highlights
- 0.56 Acre Lot
- Traditional Architecture
- Landscaped with Trees
- Territorial View
- Corner Lot
- Laundry Facilities
About This Home
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.
Listing Agent
REAL Broker LLC Brokerage Phone: 509-879-3779 License #34021 Listed on: 04/17/2025
Co-Listing Agent
Dominic Dickerson
Bornhoft Commercial Brokerage Phone: 509-879-3779 License #25004432
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,136
Year Built
- Built in 1913
Lot Details
- 0.56 Acre Lot
- Corner Lot
- Level Lot
- Landscaped with Trees
Home Design
- Traditional Architecture
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 8,832 Sq Ft Home
- 2-Story Property
- Territorial Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 25 Parking Spaces
- Off-Site Parking
Utilities
- Heating Available
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 35114.1701
Community Details
Building Details
- Fuel Expense $5,880
- Water Sewer Expense $6,564
Additional Features
- 9 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,140 | $510,180 | $121,980 | $388,200 |
| 2024 | $5,140 | $536,080 | $97,580 | $438,500 |
| 2023 | $3,480 | $506,980 | $97,580 | $409,400 |
| 2022 | $2,342 | $368,690 | $54,890 | $313,800 |
| 2021 | $2,219 | $184,490 | $54,890 | $129,600 |
| 2020 | $2,315 | $171,130 | $51,230 | $119,900 |
| 2019 | $2,122 | $172,730 | $51,230 | $121,500 |
| 2018 | $2,488 | $167,490 | $48,790 | $118,700 |
| 2017 | $2,250 | $153,190 | $48,790 | $104,400 |
| 2016 | $2,271 | $151,690 | $48,790 | $102,900 |
| 2015 | $2,318 | $150,690 | $48,790 | $101,900 |
| 2014 | -- | $145,290 | $48,790 | $96,500 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/27/2025 11/27/25 | Pending | -- | -- | -- |
| 09/12/2025 09/12/25 | Price Changed | $675,000 | -3.6% | $76 / Sq Ft |
| 08/01/2025 08/01/25 | Price Changed | $700,000 | -3.4% | $79 / Sq Ft |
| 06/13/2025 06/13/25 | Price Changed | $725,000 | -3.3% | $82 / Sq Ft |
| 04/17/2025 04/17/25 | For Sale | $750,000 | -- | $85 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | First American Title | |
| Warranty Deed | $375,000 | First American Title | |
| Trustee Deed | $123,500 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $133,500 | -- | |
| Warranty Deed | $101,500 | First American Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $452,000 | New Conventional | |
| Previous Owner | $123,500 | Seller Take Back |
Source: Spokane Association of REALTORS®
MLS Number: 202515212
APN: 35114.1701
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