5634 E Commerce Ave Spokane, WA 99212
Chief Garry Park NeighborhoodEstimated payment $4,074/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
- 24,396 Sq Ft 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $5,116 | $517,880 | $121,980 | $395,900 |
| 2025 | $5,116 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $690,000 | Vista Title And Escrow | |
| Quit Claim Deed | $313 | Vista Title And Escrow | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,690,247 | New Conventional | |
| Previous Owner | $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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Listings courtesy of Spokane Association of REALTORS® as distributed by MLS GRID.
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