1207 E Kiernan Ave Spokane, WA 99207
MULTI_FAMILY - Ranch - Spokane, WA
Property Features for 1207 E Kiernan Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Utility Room, Bedroom 4, Bathroom 2, Laundry Room, Bedroom 1, Bedroom 3
- Parking
- 6
- Parking features
- Alley, Carport, RV, Offsite
- Window features
- Vinyl Frames
- Interior features
- High Speed Internet
- Basement
- Finished, Full, Walk-Out Access
- Appliances
- Free-Standing Range, Refrigerator
- Standard status
- Pending
- APN
- 35054.0925
- Lot size
- 0.12 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating), Hot Water(Heating)
Building Details
- Year built
- 1966
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Composition
- Architectural style
- Ranch
Listing agent Erik Dordal (509) 323-2323
Listing office Windermere City Group 1237 W. Summit Pkwy, Spokane, WA (509) 323-2323
Listing date Jul 1, 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.
Each unit is separately set up for day-to-day living with spacious living areas and bedrooms. Current monthly rents are $1,600 for the upper unit and $1,500 for the lower unit. The property also features a zeroscape yard with a retaining wall, industrial weed barrier, and river-rock beds for low upkeep, along with two carports providing covered parking for four cars.
Located at 1207 E Kiernan Ave in Spokane’s 99207 area on the Northside, the property is positioned for tenants who prefer covered parking and minimal yard maintenance.
Key Highlights
- Up/down duplex on North Spokane’s Northside built in 1966 with a ranch architectural style
- Total rent $3,100/month ($1,600 upper, $1,500 lower) with cap rate reported near 7.8%
- Each unit offers 1,197 SF, 2 bedrooms, 1 bathroom, spacious living areas, and private separate entrances
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 | $41.7k | $17.40 |
| − Vacancy | −$2.5k | −$1.06 |
| EGI | $39.1k | $16.34 |
| − OpEx | −$11.7k | −$4.90 |
| NOI | $27.4k | $11.44 |
