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Listing Firm: Windermere Real Estate Whatcom: Jacson Bevens

Bought With: Windermere Prof Partners : Simon Karavai

SOLD On February 28, 2025
NWMLS # 2322702

$1,125,000

  • Sold Price
  • - Beds
  • - Baths
  • 3752 Sq.ft.

312 Nooksack Avenue , Lynden, WA 98264

Listings with the three tree icon are courtesy of NWMLS

About This Property

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!

Buyer's Agent: Simon Karavai • Windermere Prof Partners

Listed by: Jacson Bevens • Windermere Real Estate Whatcom

Aris360 Last Checked: 2 Minutes Ago (Jul 20, 2025 04:36 PM)

  • Source: NWMLS as Distributed by MLS Grid #2322702

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Nooksack
  • Zip/Postal Code: 98264
  • City: Lynden

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$3,847 per month
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Property Features

  • County
    • Lynden
  • Community
    • 885 - Lynden
  • MLS Area
    • 885 - Lynden
  • Longitude
    • -122.443819
  • Latitude
    • 48.948663
  • Project
    • Candini LLA
  • 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.

  • Interior
    • Laminate
    • Wall to Wall Carpet
  • Floors
    • Laminate
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 9
  • Lot Description
    • Alley,
    • Corner Lot,
    • Curbs,
    • Paved,
    • Sidewalk,
  • Foundation
    • Block,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement Planked
  • Site Description
    • Cable TV
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 4
  • Water
    • City of Lynden
  • Building Total Area (Sq. Ft.)
    • 13504
  • Has View
    • Yes
  • View Description
    • Territorial,

  • High School District
    • Lynden
  • Jr. High School
    • Lynden Mid
  • Elementary School
    • Fisher Elem
  • High School
    • Lynden High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2024
  • Structure Type
    • Condominium,
  • Tax Amount
    • $5738
  • Year Built
    • 2003
  • Status
    • Sold
  • Project
    • Candini LLA

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jul 20 2025 . 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.

Jul 20, 2025 04:36 PM