135 E 1st Avenue · Colville, WA 99114
Source: NWMLS · Ken Barcus Realty · Alex Matthews #NWM2600677
About this home
Wonderful investment opportunity with this iconic mixed-use masterpiece! Great building with 3 commercial spaces and 4 fully rented residential apartments with a cap rate holding 6% even with under market rents! Recognized for its immense cultural value and iconic period store front features, this building served for decades as a bustling retail and professional epicenter during Colville's transition into a booming timber, agricultural and mining hub. Today, it stands upgraded, maintained, and is ready for its next chapter. Boasting immaculately clean, easy to manage apartments that featuring stable, long-term tenants, as well as 3 prime commercial units. The large retail space currently homes RE LEE Shoes which seeks a new owner operator OR can be offered vacant. (Business and inventory are for sale separately.) Owner is open to SELLER FINANCING upon approval.
Location
Basics
- Property type
- Multi Family
- Style
- 5-9 Units
- Stories
- 3 stories
- Condition
- Good
- Year built
- 1909
- Building area
- 14,301 sq ft
- Lot size
- 4,356 sq ft (0.1 acres)
- County
- Stevens
- MLS #
- NWM2600677
Interior
- Heating
- Baseboard
- Cooling
- Forced Air
- Flooring
- Ceramic Tile, Hardwood, Softwood
Exterior & lot
- Exterior features
- Brick
- Roof
- Flat, See Remarks, Torch Down
- Foundation
- Concrete Ribbon, Poured Concrete
- Lot features
- Alley, Corner Lot
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 7
Utilities
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- Colville
- Property tax
- $4,770 (2026)
Transaction
- Listed on
- Oct 29, 2026
- Days active
- 6
- Listing terms
- Cash, Conventional, Owner Will Carry, See Remarks
- Possession
- Negotiable, Subject To Tenant Rights
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2026-08-20
- Active$989,000
Schools
School district: Colville
- Elementary
- Hofstetter Elem
- Middle
- Colville Jnr High
- High
- Colville Senior High SchoolSchoolDigger 3 stars · Top 39% in WA
Listing provided courtesy of: Ken Barcus Realty
Listing agent: Alex Matthews.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-11-04.