Duplex With Private
New
For Sale
$394,900
4703 Stevens, Spokane, WA 99205
The brick building combines two separate residences with fenced outdoor space and alley access.
Property Size2,562 SF
Price / SF$154.14
Days on Market2
Property Features for 4703 Stevens
General Information
Standard status
Active
Size
2,562 SF
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,460
Amenities
private garage
central A/C
fenced backyard
alley access
finished lower level
laundry area
Garage: Detached, Off Site
Garage Spaces: 2
Style: Ranch
Ranch
Detached, Off Site
2
Building Details
Year Built
1956
Buildings
1
Construction
brick
Listing Agency:
First Look Real Estate
Listed By:
Tom Price
(509) 990-2020
Source:
Clearwaterproperties
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:29AM
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
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Investment Insights
Based on property information with market context.
This 1956 brick duplex contains 2,562 square feet across two side-by-side residences. One unit has two bedrooms and one bath on the main level, with a living room and an eat-in kitchen remodeled in 2019. Its finished lower level adds a family room, a third bedroom with egress window(s), laundry, and a large storage room that could accommodate a future bath or office. The second residence has two bedrooms and one bath.
Both units have a private garage, two driveway parking spaces, central A/C, and a fenced backyard. The property is on a corner lot in Spokane, with alley access. A roof replacement was completed in 2022, exterior work in 2024, and painting and some flooring updates in 2026.
Both units have a private garage, two driveway parking spaces, central A/C, and a fenced backyard. The property is on a corner lot in Spokane, with alley access. A roof replacement was completed in 2022, exterior work in 2024, and painting and some flooring updates in 2026.
Key Highlights
- Two side‑by‑side units total 2,562 square feet
- One residence offers 3 bedrooms and 1 bath, including a finished lower level
- Second residence has 2 bedrooms and 1 bath
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.
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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
Frequently Asked Questions
What type of property is this?
Duplex - The brick building combines two separate residences with fenced outdoor space and alley access.
Where is this duplex located?
The property is located at 4703 Stevens 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 side‑by‑side units total 2,562 square feet; One residence offers 3 bedrooms and 1 bath, including a finished lower level; Second residence has 2 bedrooms and 1 bath
