Brick Side-by-Side
4703 N Stevens St Spokane, WA 99205
New
4703 N Stevens St, Spokane, WA, 99205
$409,900
For Sale
$409,900
Well-maintained brick duplex on a large corner lot, featuring private garages, central A/C, and fenced backyards with alley access.
Property Size2,562 SF
Price / SF$159.99
Days on Market3
Property Features for 4703 N Stevens St
General Information
- Standard status
- Active
- Size
- 2,562 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1956
Listing Agency
First Look Real Estate
(509) 990-2020
Listed by
Tom Price
Source
Clearwaterproperties
Added: Jul 16 Checked: Jul 18 at 1:54 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Look Real Estate
Investment Insights
Based on property information with market context.
This brick side-by-side duplex offers two separate units with a well-maintained exterior and multiple recent updates. A new roof was installed in 2022, with exterior updates completed in 2024. Interior improvements include painting and some new flooring planned for 2026. Each unit includes a private garage, two driveway parking spaces, central A/C, and a fenced backyard with convenient alley access.
Unit 4707 is a 3-bedroom, 1-bath home with a main level that includes two bedrooms, 1 bath, a living room, and an eat-in kitchen remodeled in 2019 with updated appliances. The finished lower level adds additional living space, including a family room, a third bedroom with egress window(s), a large storage room with potential for a future bath or office, and a dedicated laundry area.
Unit 4703 features a 2-bedroom, 1-bath layout. The property’s configuration provides flexibility for investors or future owner-occupants.
Unit 4707 is a 3-bedroom, 1-bath home with a main level that includes two bedrooms, 1 bath, a living room, and an eat-in kitchen remodeled in 2019 with updated appliances. The finished lower level adds additional living space, including a family room, a third bedroom with egress window(s), a large storage room with potential for a future bath or office, and a dedicated laundry area.
Unit 4703 features a 2-bedroom, 1-bath layout. The property’s configuration provides flexibility for investors or future owner-occupants.
Key Highlights
- Brick side‑by‑side duplex built in 1956 on a large corner lot
- New roof installed in 2022 and exterior updates completed in 2024; painting and some new flooring in 2026
- Each unit includes a private detached/ off‑site garage and two driveway parking spaces
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 |
2,562 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.7K
$366.4K – $488.5K
NOI $29,308 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$661.0K
$578.4K – $771.2K
NOI $46,270 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained brick duplex on a large corner lot, featuring private garages, central A/C, and fenced backyards with alley access.
Where is this duplex located?
The property is located at 4703 N Stevens St Spokane, WA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Brick side‑by‑side duplex built in 1956 on a large corner lot; New roof installed in 2022 and exterior updates completed in 2024; painting and some new flooring in 2026; Each unit includes a private detached/ off‑site garage and two driveway parking spaces
