NOT LISTED FOR SALE

5116 E Grace Ave Unit 5118 Spokane, WA 99217

Minnehaha Neighborhood

Estimated Value: $516,000 - $535,000

6 Beds
4 Baths
-- Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: March 23, 2026

Last sale price $525,000

Current estimated payment $3,354 / mo

5 Days on Market

Highlights

  • Territorial View
  • Forced Air Heating System
  • Level Lot
  • 2 Car Attached Garage

About This Home

As of March 2026

**Seller Financing Available** Great Valley duplex available! Both units currently occupied. Leases end 7/26. Current total rents are $4,000/month. Wonderful investment opportunity on a newer, purpose built duplex. Very well maintained and professionally managed. Tenants would like to stay if new owner would like.

Last Agent to Sell the Property

Billy Deese

Deese Real Estate License #27657 Listed on: 02/12/2026

Last Buyer's Agent

Ryan Stoker

RE/MAX Citibrokers License #105723

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2016

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Off-Site Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Territorial Views
  • Free-Standing Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 35111.0240

Property Details

Home Type

Multi-Family

Year Built

Built in 2016

Lot Details

10,019 Sq Ft Lot

Parking

2

Listing Details

  • Year Built: 2016
  • Property Sub-Type: Residential Income
  • PropertyType: Residential Income
  • ResoLotFeatures: Sprinkler - Automatic, Level
  • Lot Size Acres: 0.23
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: Territorial
  • Reso Association Amenities: None
  • Co List Office Phone: 509-293-9291
  • MLS Status: Sold
  • ResoBuildingAreaSource: Public Records
  • Reso Structure Type: Two Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Free-Standing Range, Refrigerator
  • Basement YN: No
  • Total Bedrooms: 6
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Off Site

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Forced Air

Lot Info

  • Parcel Number: 35111.0240
  • Lot Size Sq Ft: 10019

Multi Family

  • Number Of Units Total: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2026
Closed on
Mar 23, 2026
Sold by
Bought by
Seller's Agent
Billy Deese
Deese Real Estate
Buyer's Agent
Ryan Stoker
RE/MAX Citibrokers
List Price
$525,000
Sold Price
$525,000
Views
18
Current Estimated Value
$524,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$954
Avg. Annual Appreciation
-0.72%
Original Mortgage
$425,000
Outstanding Balance
$424,169
Interest Rate
6.11%
Mortgage Type
Seller Take Back
Estimated Equity
$99,877

Purchase Details

Closed on
Aug 20, 2018
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Buyer Sale Price Title Company
$525,000 First American Title Insurance
$357,900 First American Title Ins Co
Source: Public Records

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 Borrower Loan Amount
Open $425,000
Source: Public Records

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
03/23/2026 03/23/26 Sold $525,000 0.0% --
02/17/2026 02/17/26 Pending -- -- --
02/12/2026 02/12/26 For Sale $525,000 -- --
Source: Spokane Association of REALTORS®

Agents Affiliated with this Home

  • Billy Deese

    Seller's Agent in 2026

    Billy Deese

    Deese Real Estate

    (509) 590-5603

    1 in this area

    63 Total Sales

    Billy Deese
    Section Image
  • Ryan Stoker

    Buyer's Agent in 2026

    Ryan Stoker

    RE/MAX Citibrokers

    (509) 723-6253

    2 in this area

    49 Total Sales

    Ryan Stoker
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202612085

Spokane Association of REALTORS®

APN: 35111.0240

Washington Spokane County Spokane 99217 Minnehaha

5116 E Grace Ave Unit 5118, Spokane, WA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Spokane Association of REALTORS® 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. Some IDX listings have been excluded from this website. IDX information is provided exclusively for 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.
Listings courtesy of Spokane Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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