Brick Side-by-Side
New
For Sale
$394,900
4703 N Stevens St, Spokane, WA 99205
Residential Income, Spokane, WA
Property Size2,562 SF
Lot Size0.18 Acres
Price / SF$154.14
Days on Market3
Property Features for 4703 N Stevens St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
Offsite
Interior features
High Speed Internet
Basement
Partially Finished, Partial
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Lot features
Fenced Yard, Level, Corner Lot, City Bus (w/in 6 blks)
Elementary school
Madison Elementary
Middle school
Salk Middle School
High school
Shadle Park
Elementary school district
Spokane Dist 81
Directions
From Division, West on Wellesley, North on Stevens, Home on left.
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
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
fenced backyard
central air conditioning
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Architectural style
Ranch
Listing Agency:
First Look Real Estate
(509) 928-3413
Listed By:
Tom Price
(509) 990-2020
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 4:06PM
MLS# 202625686
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.
This 2,562-square-foot duplex contains two brick residences on a 0.1752-acre parcel. One home has three bedrooms and one bath, including a finished lower level with a family room, egress-window bedroom, storage area, and laundry. The other offers two bedrooms and one bath. Both include central air conditioning and fenced backyard space.
The property received a roof replacement in 2022 and exterior improvements in 2024. The three-bedroom unit’s eat-in kitchen was remodeled in 2019 and includes updated appliances. The building dates to 1956 and has alley access.
The property received a roof replacement in 2022 and exterior improvements in 2024. The three-bedroom unit’s eat-in kitchen was remodeled in 2019 and includes updated appliances. The building dates to 1956 and has alley access.
Key Highlights
- Two‑unit brick duplex with 2,562 square feet on a 0.1752‑acre lot
- Separate three‑bedroom, one‑bath and two‑bedroom, one‑bath residences
- Finished lower level in the three‑bedroom home, with family room, egress‑window bedroom, storage, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,308
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,160
$586.2K
Cap Rate 7%
$418,686
$418.7K
Cap Rate 9%
$325,644
$325.6K
Market Conditions
NOI Build-Up for 2,562 SF
Gross rent
$44.6K $17.40/SF
− Vacancy
−$2.7K −$1.06/SF
EGI
$41.9K $16.34/SF
− OpEx
−$12.6K −$4.90/SF
NOI
$29.3K $11.44/SF
Area
Spokane, WA
Vacancy
6.08%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,160
Cap Rate 7%
$418,686
Cap Rate 9%
$325,644
Alternative Uses
Best Use
Multifamily LT 5
$418.7K
$366.4K – $488.5K
NOI $29,308 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$661.0K
$578.4K – $771.2K
NOI $46,270 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 99205, WA
44,036
Population
18,791
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
93%
High-School Grad
9.0 sq mi
ZIP Area
4,893
Density / Sq Mi
$72,547
Median Household Income
$42,148
Median Earnings
$1,250
Median Rent
$286,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - The two homes provide separate two- and three-bedroom floor plans, with finished lower-level living area in one residence.
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 $394,900.
What are key features of this property?
This property features: Two‑unit brick duplex with 2,562 square feet on a 0.1752‑acre lot; Separate three‑bedroom, one‑bath and two‑bedroom, one‑bath residences; Finished lower level in the three‑bedroom home, with family room, egress‑window bedroom, storage, and laundry
