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!
Sold
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
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#: 2322702

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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