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  • Listed by: 

    Jacson Bevens,

    Windermere Real Estate Whatcom

    $1,125,000

    312 Nooksack Avenue, Lynden, WA 98264

    9beds
    7baths
    3,752sqft
    Quadruplex
    Built in 2003
    -- sqft lot
    $1,139,500 Zestimate®
    $300/sqft
    $-- HOA

    What's special

    Rare 6+% cap rate on this well-maintained 4-plex in a cute Lynden neighborhood! Featuring a 3-bed house + triplex on a single corner lot, this unique opportunity combines a strong financial profile with a great location. Generating over $91k GSI + $69k NOI, this property offers robust cash flow on top of future appreciation. Triplex units are all 2-bed/2-bath + have been remodeled/updated in the last year. All units have own laundry + 1-car garage. Triplex updates include flooring, paint, appliances, and counters. Financials reflect current professional management of 7% w/ self-managed potential for a 6.7% cap rate! Presents a tremendous 1031 option as well!

    Zillow last checked: 7 hours ago

    Listing updated: March 31, 2025 at 04:02am

    Listed by:

    Jacson Bevens,

    Windermere Real Estate Whatcom

    Bought with:

    Simon Karavai, 135131

    Windermere Prof Partners

    Source: NWMLS,MLS#: 2322702MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 7
    Heating
    • Forced Air
    Cooling
    • Forced Air
    Features
    • Flooring: Laminate, Carpet, Wall to Wall Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 3,752
    • Total interior livable area: 3,752 sqft

    Property

    Parking
    • Total spaces: 9
    • Parking features: Open
    • Covered spaces: 4
    • Uncovered spaces: 5
    Features
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 0.31 Acres
    • Dimensions: 15' x 89'
    • Features: Corner Lot, Curbs, Paved, Sidewalk, Cable TV
    Details
    • Parcel number: 4003205045260000
    • Zoning description: Multi-Family,Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Cement Planked
    • Foundation: Block
    • Roof: Composition
    Condition
    • Year built: 2003

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Sewer Connected, Company: City of Lynden
    • Water: Public, Company: City of Lynden
    • Utilities for property: Comcast, Comcast

    Community & neighborhood

    Location
    • Region: Lynden
    • Subdivision: Lynden

    Other

    Other facts
    • Listing terms: Cash Out,Conventional,FHA
    • Cumulative days on market: 11 days
    Services availability
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