Provided by NWMLS, Bought with Windermere Prof Partners and Listed by Windermere Real Estate Whatcom
Sold
312 Nooksack Avenue
Lynden WA, 98264
$1,125,000
$299.84 per sqft
Sold
3,752 sqft
Multi-family
Built in 2003
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!
2322702
MLSⓇ ID
January 16, 2025
Listed
March 5, 2025
Updated
Interior Features
Total Stories
2
Interior Features
Laminate, Wall to Wall Carpet
Floor Description
Laminate, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Forced Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.31 Acres
Exterior Features
Cement Planked
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Roof
Composition
Sewer
Sewer Connected
School Information
School District
Lynden
High School
Lynden High
Elementary School
Fisher Elem
Other Property Details
Area Name
885 - Lynden
Taxes
$5,738
Tax Frequency
Annually
Garage
No
Parking Total
9
View
Yes
View Description
Territorial
County
Whatcom
Water Source
Public
Listing History
Date | Event | Price |
---|---|---|
2/28/2025 | Sold | $1,125,000 |
1/27/2025 | Pending | — |
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 3/15/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 3/15/2025 at 5:00 AM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
©2025 Northwest Multiple Listing Service all rights reserved.
Data last updated on 3/15/2025 at 5:00 AM UTC
John L. Scott Real Estate