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135 E 1st Avenue, 
Colville, WA 99114

$989,000

—

Bed

—

Bath

14,301

Sq Ft

Multi-Family

Active

Listed by

Alex Matthews

Ken Barcus Realty

509-685-1100

Last updated:

November 13, 2026, 01:00 PM

MLS#

2600677

Source:

NWMLS

About This Home

135 E 1st Avenue

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.

Home Facts

Multi-Family

Built in 1909

Subdivision & Development:

Colville

Price Summary

989,000

$69 per Sq. Ft.

MLS #:

2600677

Last Updated:

November 13, 2026, 01:00 PM

Rooms & Interior

Interior

Living Area:

14,301 Sq. Ft.

Structure

Structure

Building Area:

14,301 Sq. Ft.

Year Built:

1909

Lot

Lot Size (Sq. Ft):

4,356

Finances & Disclosures

Finances

Price:

$989,000

Price per Sq. Ft:

$69 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 13, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.