OFF MARKET

Off Market Dec 2024 for $5.2M

—

Est. refi paymentEst. refi $1,403/mo

—

•

— ba

•

25,410

sq ft

120 N Locust Rd, Spokane Valley, WA 99206

About this home

Gray Ridge Apartments for sale. The Gray Ridge Apartments are a new 19 unit apartment complex conveniently located in the Spokane Valley offering a peaceful living area with easy access to nearby parks, restaurants, stores, and more. (11) 3 bedroom 2 bathroom 1,146 SF units. (8) 2 bedroom 2 bathroom 1,043 SF units. 1 garage for each unit (19 total garages). 14 additional car parks and 10 additional 224 SF storage units. Finishes include LVP flooring, quartz countertops, and stainless steel appliances. Washer and dryer in each unit. Patio/balcony for each unit.

Multi-familyProperty Type

2023Year Built

0.83 acresLot Size

$208Price/Sq.Ft.

4 car garageParking

Listed by Jim Lister • Windermere Manito, LLC

Bought with MISC MISC • NON MLS

Redfin checked: 2 minutes ago

•Source:SPOKANEMLS as Distributed by MLS Grid #202420588

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 99206, WA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.9%

0.3% MoM

Median sale price

$450K

$5K MoM

Avg. days on market

21d

0 days MoM

Recently sold homes

139

6 MoM

New listings for sale

NEW 10 HRS AGO
$425,000
5 beds2 baths2,272 sq ft
11921 E 31st Ave, Spokane Valley, WA 99206
NEW 12 HRS AGO
$445,000
5 beds2 baths2,076 sq ft
10410 E Sinto Ave, Spokane Valley, WA 99206
NEW 15 HRS AGO
$799,950
3 beds2 baths2,977 sq ft
12117 E Valleyway Ave, Spokane Valley, WA 99206
NEW 17 HRS AGO
$459,900
3 beds2 baths1,878 sq ft
9522 E Valleyway Ave, Spokane Valley, WA 99206
NEW 17 HRS AGO
$127,500
1 bed1 bath636 sq ft
310 N Raymond Rd Unit D-23, Spokane Valley, WA 99206
NEW 21 HRS AGO
$499,000
3 beds2 baths1,554 sq ft
423 N Union Ln, Spokane, WA 99206
$449,500
5 beds3 baths3,300 sq ft
11221 E 21st Ave, Spokane Valley, WA 99206
$629,000
4 beds4 baths3,455 sq ft
4119 S Conifer Ct, Spokane Valley, WA 99206
$440,000
4 beds2 baths2,328 sq ft
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$203,000
2 beds1 bath989 sq ft
250 N Raymond Rd, Spokane Valley, WA 99206
See all

Provided by Redfin

Sale history for 120 N Locust Rd

Date

Event

Price

LEASESTAR #8

Jan 3, 2025

Rental Removed

$1,895

$0/sq ft

Jan 3, 2025

Listed for Rent

$1,895

$0/sq ft

Dec 9, 2024

Rental Removed

$1,895

$0/sq ft

Dec 2, 2024

Listed for Rent

$1,895

$0/sq ft

Nov 8, 2024

Rental Removed

$1,895

$0/sq ft

Nov 7, 2024

Listed for Rent

$1,895

$0/sq ft

LEASESTAR #7

Jan 3, 2025

Rental Removed

$1,895

$0/sq ft

Jan 3, 2025

Listed for Rent

$1,895

$0/sq ft

Dec 9, 2024

Rental Removed

$1,895

$0/sq ft

Dec 2, 2024

Listed for Rent

$1,895

$0/sq ft

Nov 23, 2024

Rental Removed

$1,895

$0/sq ft

Nov 18, 2024

Listed for Rent

$1,895

$0/sq ft

Nov 7, 2024

Rental Removed

$1,695

$0/sq ft

Nov 5, 2024

Listed for Rent

$1,695

$0/sq ft

LEASESTAR #6

Nov 23, 2024

Rental Removed

$1,895

$0/sq ft

Nov 18, 2024

Listed for Rent

$1,895

$0/sq ft

Nov 5, 2024

Rental Removed

$1,695

$0/sq ft

Nov 4, 2024

Listed for Rent

$1,895

$0/sq ft

SPOKANEMLS as Distributed by MLS Grid #202420588

Dec 6, 2024

Sold

$5,291,000

$208/sq ft

Aug 27, 2024

Pending

—

Jun 27, 2024

Listed

$5,600,000

$220/sq ft

LEASESTAR #5

Oct 20, 2024

Rental Removed

$1,895

$0/sq ft

Oct 19, 2024

Listed for Rent

$1,895

$0/sq ft

LEASESTAR #4

Oct 19, 2024

Rental Removed

$1,895

$0/sq ft

Oct 19, 2024

Listed for Rent

$1,895

$0/sq ft

APPFOLIO #3

Jun 4, 2024

Rental Removed

$1,595

$0/sq ft

Apr 24, 2024

Listed for Rent

$1,595

$0/sq ft

APPFOLIO #2

Apr 8, 2024

Rental Removed

$1,595

$0/sq ft

Mar 19, 2024

Listed for Rent

$1,595

$0/sq ft

APPFOLIO #1

Mar 19, 2024

Rental Removed

$1,595

$0/sq ft

Mar 19, 2024

Listed for Rent

$1,595

$0/sq ft

Public Records

Feb 16, 2007

Sold

$185,000

$7/sq ft

SPOKANEMLS as Distributed by MLS Grid #26029991

Oct 12, 2006

Listed

$190,000

$7/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$49,929 (+7.5%)

$252,000 + $4,267,400

$4,519,400

2025

$46,462 (+142.8%)

$252,000 + $4,267,400

$4,519,400

2024

$19,133 (+2,637.8%)

$148,800 + $1,702,200

$1,851,000

2023

$699 (−74.2%)

$70,000

2022

$2,707 (+0.4%)

$56,000 + $170,100

$226,100

2021

$2,696 (−1.0%)

$56,000 + $153,500

$209,500

2020

$2,724 (+16.2%)

$52,000 + $136,900

$188,900

2019

$2,345 (−10.1%)

$52,500 + $127,500

$180,000

2018

$2,608 (+7.9%)

$42,000 + $112,600

$154,600

2017

$2,417 (+3.9%)

$42,000 + $112,600

$154,600

2016

$2,326 (−1.9%)

$39,900 + $105,700

$145,600

2015

$2,371

$39,900 + $105,200

$145,100

Tax history for 120 N Locust Rd

Year

Property tax

Land + Additions

Assessment*

2026

$49,929 (+7.5%)

$252,000 + $4,267,400

$4,519,400

2025

$46,462 (+142.8%)

$252,000 + $4,267,400

$4,519,400

2024

$19,133 (+2,637.8%)

$148,800 + $1,702,200

$1,851,000

2023

$699 (−74.2%)

$70,000

2022

$2,707 (+0.4%)

$56,000 + $170,100

$226,100

2021

$2,696 (−1.0%)

$56,000 + $153,500

$209,500

2020

$2,724 (+16.2%)

$52,000 + $136,900

$188,900

2019

$2,345 (−10.1%)

$52,500 + $127,500

$180,000

2018

$2,608 (+7.9%)

$42,000 + $112,600

$154,600

2017

$2,417 (+3.9%)

$42,000 + $112,600

$154,600

2016

$2,326 (−1.9%)

$39,900 + $105,700

$145,600

2015

$2,371

$39,900 + $105,200

$145,100

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.83 Acres

Year renovated

2023

Sq. Ft.

12,705

Year built

2023

Style

Multi-Family (5+ Unit)

County

Spokane County

APN

45173.1615

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 30, 2026.

MFR

Multifamily Residential District

Multifamily Residential. Allows for multifamily housing located near business and commercial centers, the arterial street system, and public transit. Adjacent single-family zones are protected through transitional standards.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Office
Educational/school
Golf related
Park & open space

Property details

Parking

Parking Information
Parking Features: Attached
Garage Spaces: 4

Interior

Basement Information
Basement Features: Finished

Heating & Cooling
Heating Information: Forced Air

Multi-Unit Information
# of Units (Total): 19

Exterior

Building Information
Construction Materials: Wood
Roof: Composition Shingle

Property Features
Home or Community Amenities: None

Property Information
Property Type: Residential Income
Property Sub Type: Rental

Lot Information
Lot Size Acres: 0.83
Road Frontage Type: City Street

Location

School Information
Elementary School District: West Valley

Location Information
Address Search Number: 120
Area: A110/071

Public facts

Beds: —
Baths: —
Sq. Ft.: 12,705
Stories: 3.0
Lot Size: 0.83 acres
Style: Multi-Family (5+ Unit)
Year Built: 2023
Year Renovated: 2023
County: Spokane County
APN: 45173.1615

Home facts updated by county records on Jun 30, 2026

Other

Listing Information
Class: Rental Income
FIPS: 53063
Bank Approved: No
Lender Owned: No
Relocation Corporation Owned: No

Listing Date Information
First Photo Add Dt: 2024-07-31T21:22:45.9

Home Information
Living Area: 25410
Building Area Total: 25410
Structure Type: Three Story

Listing Office Information
SAR_LO1_BranchOfOrgID: 217

Around this home

Schools

Ness Elementary School

Public 1-5 • Assigned • 0.5mi

8/10

Centennial Middle School

Public 6-8 • Assigned • 1.2mi

3/10

West Valley High School

Public 9-12 • Assigned • 1.9mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.46% chance of being in a wildfire in next 30 years

3/10 Heat Factor

7 days above 94° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

17 unhealthy days expected this year, 17 days in 30 years

Provided by First Street

Historical weather

Spokane Valley, WA • 99206

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

1.8 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 120 N Locust Rd

Data from public records.

Address	Redfin Estimate
205 North Locust Road, Spokane Valley, WA 3 Beds \| 2 Baths \| 2050 Sq. Ft.	$385,442
104 North Locust Road, Spokane Valley, WA 3 Beds \| 2 Baths \| 1831 Sq. Ft.	$458,903

Address	Redfin Estimate
218 North Locust Road, Spokane Valley, WA 4 Beds \| 3 Baths \| 2264 Sq. Ft.	$505,652
13 North Locust Road, Spokane Valley, WA 3 Beds \| 1 Baths \| 1330 Sq. Ft.	$288,290

Address	Redfin Estimate
210 North Locust Road, Spokane Valley, WA 2 Beds \| 1 Baths \| 1100 Sq. Ft.	$256,288
123 North Locust Road, Spokane Valley, WA 2 Beds \| 1 Baths \| 840 Sq. Ft.	$240,815

Property information provided by undefined .

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About this home

Redfin Estimate

Market trends in 99206, WA

Sale history for 120 N Locust Rd

Tax history for 120 N Locust Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 99206

Home values near 120 N Locust Rd

More real estate resources