$989,000
Est. $5,360/mo14,301 sq ft
135 E 1st Avenue, Colville, WA 99114
• Listed Nov 3, 2026•11 days active · 11 cumulative
Listing Broker: Ken Barcus Realty; Alex Matthews; 206-229-2049; alex@guidingmehome.com
Talk to a local RexMont expert
A local broker replies within minutes
Listing Broker: Ken Barcus Realty; Alex Matthews; 206-229-2049; alex@guidingmehome.com
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.
Listed by Alex Matthews • Ken Barcus Realty
Listing updated: November 6, 2026 at 09:25am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2600677
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
135 E 1st Avenue, Colville, WA 99114
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 5-9 Units
Flooring
- Ceramic Tile
- Hardwood
- Softwood
Heating & cooling
- Baseboard heating
- Forced Air cooling
Schools
Ratings via SchoolDiggerColville School District
- Hofstetter ElementaryPublic · Grades K-2—
- Colville Jnr HighPublic · Grades Middle—
- Colville Snr HighPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 6
- Units in building
- 7
- Units below grade
- false
- Building square feet
- 14,301 sq ft
Income & expenses
- Gross scheduled income
- $84,000
- Total monthly income
- $7,000
- Additional monthly income
- $2,500
- Gross adjusted income
- $84,000
- Net operating income
- $56,944
- Cap rate
- 6%
- Gross rent multiplier
- 11.8
- Total expenses
- $27,056
- Insurance
- $5,700
- Electric
- $10,299
- Other expenses
- $194
- Water / sewer / garbage paid by
- 6093
Parking & storage
- Parking spaces
- 7
- Uncovered parking
- 7
Taxes & assessment
- Annual taxes
- $4,770
- Tax year
- 2026
- Financing
- Cash, Conventional, Owner Will Carry, See Remarks
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Down payment assistance
6 programs may be available to provide you with up to $49,450 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$6,005 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Ken Barcus Realty; Alex Matthews; 206-229-2049; alex@guidingmehome.com
Market pulse
Colville is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 82 days.
Recent sales nearby
Within 1 mile · last 6 months$190,000 Sold
2 weeks ago
•Single Family
130 S Main Street, Colville, WA 99114
7%
Under list
176
Days on market
0.1 mi
Distance
$369,900 Sold
7 weeks ago
2 bd•1.5 ba•~1,845 sq ft•Single Family
159 E 10th Avenue, Colville, WA 99114
0%
Over list
357
Days on market
0.6 mi
Distance
$184,000 Sold
3 months ago
2 bd•1 ba•~480 sq ft•Single Family
308 S Hofstetter Street, Colville, WA 99114
3%
Over list
51
Days on market
0.4 mi
Distance
$108,000 Sold
3 months ago
3 bd•2 ba•Single Family
793 N CARTER, Colville, WA 99114
3%
Over list
42
Days on market
0.6 mi
Distance
$291,000 Sold
3 months ago
3 bd•1.5 ba•~2,584 sq ft•Single Family
825 N Jefferson, Colville, WA 99114
6%
Under list
39
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 11:40 AM PT (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
