312 Nooksack Avenue, Lynden, WA 98264 (MLS # 2322702)
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Listing provided courtesy of Northwest MLS; Windermere Real Estate Whatcom
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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!
| DAYS ON MARKET | 2 | LAST UPDATED | 1/16/2025 |
|---|---|---|---|
| TRACT | Lynden | YEAR BUILT | 2003 |
| COMMUNITY | Lynden | COUNTY | Whatcom |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Fisher Elem |
|---|---|
| Jr. High School | Lynden Mid |
| High School | Lynden High |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 885 - Lynden |
| BASEMENT | Yes |
| CONSTRUCTION | Cement Siding |
| HEAT | Electric, Forced Air |
| INTERIOR | Laminate, Wall to Wall Carpet |
| LOT | 0.31 acre(s) |
| LOT DESCRIPTION | Alley, Corner Lot, Curbs, Paved, Sidewalk |
| LOT DIMENSIONS | 15' x 89' |
| STORIES | 2 |
| STYLE | 54 - 4-Plex |
| SUBDIVISION | Lynden |
| TAXES | 5738 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 1/17/25 3:34 PM PST. 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.
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