312 Nooksack Avenue , Lynden, Wa 98264

WA, Lynden
$1,150,000
  • 3,752 Sqft
  • Residential Income Property Type
  • 2003 Year Built
  • Closed Status
Property Description

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!

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2322702
  • Price: $1,150,000
  • View: Territorial
  • Square Footage: 3,752 Sqft
  • Year Built: 2003
  • Lot Area: 0.31 Acre
  • Status: Closed
  • Office Name: Windermere Real Estate Whatcom
  • Agent Name: Jacson Bevens
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Forced Air
  • Cooling System Forced Air
  • Exterior Features Cement Planked
  • Flooring Carpet, Laminate
  • Interior Features Wall to Wall Carpet, Laminate
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Whatcom
  • City Lynden
  • Zipcode 98264
  • Street: Nooksack
  • Street Number: 312
  • Street Suffix: Avenue
  • Longitude: W123° 33' 22.3''
  • Latitude: N48° 56' 55.2''
  • Directions: From Guide Meridian, east on Front St, north on 1st St, east on Grover, north on Nooksack Ave. Property on NE corner of Nooksack & Drayton.
  • Mls Area Major: 885 - Lynden
Neighborhood
  • Elementary School: Fisher Elem
  • High School: Lynden High
  • High School District: Lynden
  • Middle School: Lynden Mid
Additional Information
  • Lot Size Dimensions: 15' x 89'
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2025-01-16
  • Number Of Units Total: 4
  • Lot Features: Paved, Curbs, Sidewalk, Alley, Corner Lot
  • Foundation Details: Block
  • Construction Materials: Cement Plank
Financial
  • Tax Annual Amount: 5738
Listing Information
  • List Agent Mls Id: 111532
  • List Office Mls Id: 9110
  • Listing Term: Cash Out,Conventional,FHA
  • Mls Status: Sold
  • Modification Timestamp: 2025-03-31T11:02:54Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-02-28T23:28:25Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

Similar Properties

MLS On The Fly