4703 N Stevens St Spokane, WA 99205
MULTI_FAMILY - Ranch - Spokane, WA
Property Features for 4703 N Stevens St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1
- Parking features
- Offsite
- Interior features
- High Speed Internet
- Basement
- Partial, Partially Finished
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- 36314.1825
- Size
- 2,562 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3460
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Ranch
Listing agent Tom Price (509) 928-3413
Listing office First Look Real Estate 1003 E Trent Ave Ste 150, Spokane, WA (509) 928-3413
Listing date Jul 13, 2026
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit 4707 is a 3-bedroom, 1-bath layout with a main level featuring two bedrooms, 1 bath, a living room, and an eat-in kitchen remodeled in 2019 with updated appliances. The finished lower level adds a family room, a third bedroom with egress window(s), a large storage room with potential for a future bath or office, and a laundry area. Unit 4703 offers a 2-bedroom, 1-bath layout.
The property is listed for sale in Spokane, WA and is positioned for rental continuity with the flexibility noted for investors or future owner-occupants.
Key Highlights
- Brick side‑by‑side duplex built in 1956 on a large corner lot in a desirable neighborhood.
- New roof in 2022; exterior updates completed in 2024, with painting and some new flooring in 2026.
- Each unit includes a private garage plus two driveway parking spaces and central A/C.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $17.40 |
| − Vacancy | −$2.7k | −$1.06 |
| EGI | $41.9k | $16.34 |
| − OpEx | −$12.6k | −$4.90 |
| NOI | $29.3k | $11.44 |
