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: Windermere RE Whatcom, Inc.
Bought with: Windermere Prof Partners
$1,125,000
312 Nooksack Avenue, Lynden, WA 98264
9beds
7baths
3,752sqft
Multi Family
Built in 2003
-- sqft lot
$1,145,200 Zestimate®
$300/sqft
$2,138 Estimated rent
Home value
$1,145,200
$1.04M - $1.26M
$2,138/mo
Zestimate® history
Owner options
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$2,138/mo
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$2,138/mo
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$6,782/mo
Est. payment
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$6,782/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jacson Bevens,
Windermere RE Whatcom, Inc.
Bought with:
Simon Karavai, 135131
Windermere Prof Partners
Source: NWMLS as distributed by MLS GRID,MLS#: 2322702
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Heating
- Forced Air, Electric
Cooling
- Forced Air
Features
- Flooring: Laminate, 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
- Patio & porch: Laminate, Wall to Wall Carpet
- 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: Multi Family
Materials
- Cement Planked, Cement Plank
- 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: Conventional,FHA
- Cumulative days on market: 372 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/12/2026 | Listing removed | $2,025$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/27/2026 | Listed for rent | $2,025-3.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/28/2025 | Sold | $1,125,000-2.2%$300/sqft |
Source:  NWMLS as distributed by MLS GRID #2322702 Report a problem | ||
| 2/13/2025 | Listing removed | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/27/2025 | Pending sale | $1,150,000$307/sqft |
Source: NWMLS as distributed by MLS GRID #2322702 Report a problem | ||
| 1/16/2025 | Listed for sale | $1,150,000+381.2%$307/sqft |
Source: NWMLS as distributed by MLS GRID #2322702 Report a problem | ||
| 12/4/2024 | Listed for rent | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/22/2024 | Listing removed | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/19/2024 | Listed for rent | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/6/2024 | Listing removed | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/28/2024 | Listed for rent | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/25/2024 | Listing removed | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/9/2024 | Listed for rent | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/2/2024 | Listing removed | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/26/2024 | Listed for rent | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/22/2024 | Listing removed | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/20/2024 | Listed for rent | $2,100+5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/30/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/15/2023 | Price change | $2,000-4.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/4/2023 | Listed for rent | $2,100+44.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/10/2020 | Listing removed | $1,450 |
Source: Son-Rise Property Mgmt, Inc Report a problem | ||
| 5/18/2020 | Listed for rent | $1,450 |
Source: Son-Rise Property Mgmt, Inc Report a problem | ||
| 4/10/2002 | Sold | $239,000$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,074 -46.4% | $811,861 +1.6% |
| 2023 | $5,738 -9.8% | $799,145 +2.6% |
| 2022 | $6,358 +7.2% | $779,137 +21% |
| 2021 | $5,932 +2% | $643,907 +12% |
| 2020 | $5,818 | $574,932 +9% |
| 2019 | $5,818 +14.2% | $527,282 +9.6% |
| 2018 | $5,096 +12.4% | $480,880 +11.4% |
| 2017 | $4,533 -8.5% | $431,631 +0.5% |
| 2016 | $4,955 +13.2% | $429,634 +6.5% |
| 2015 | $4,377 | $403,363 +3.5% |
| 2014 | $4,377 +12.8% | $389,696 +0.7% |
| 2013 | $3,879 | $387,056 |
| 2012 | -- | $387,056 |
| 2011 | -- | $387,056 +15.5% |
| 2010 | -- | $335,250 -7.2% |
| 2009 | $3,192 +2.4% | $361,315 |
| 2008 | $3,116 | $361,315 |
| 2007 | $3,116 +2.5% | $361,315 +49.9% |
| 2005 | $3,041 | $241,095 |
| 2004 | $3,041 -0.6% | $241,095 |
| 2003 | $3,061 +129.8% | $241,095 +131.4% |
| 2002 | $1,332 +19.2% | $104,195 -25.1% |
| 2001 | $1,117 | $139,195 |
| 2000 | -- | $139,195 |
| 1999 | -- | $139,195 |
Find assessor info on the county website
Neighborhood: 98264
Nearby schools
GreatSchools rating
- 6/10Fisher Elementary SchoolGrades: K-5Distance: 1.1 mi
- 5/10Lynden Middle SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Lynden High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Fisher Elem
- Middle: Lynden Mid
- High: Lynden High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Whatcom County
- Lynden
- 98264
- 312 Nooksack Avenue
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