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3201 West Loop 289

Updated Jan 20, 2026

The Multifamily Group Brokers Sale Of 280 Unit Multifamily Properties In Lubbock, Texas
SOLDMultiFamily

The Multifamily Group Brokers Sale Of 280 Unit Multifamily Properties In Lubbock, Texas

3201 West Loop 289 & 5820 34th Street

Units

280

Asset Type

MultiFamily

Closing

Dec 30, 2025

About this deal

AI

The sale involved a multifamily asset located at 3201 West Loop 289 & 5820 34th Street in the Lubbock market, comprising a total of 280 units. The properties included in this transaction were built in 1983 and 2014, and they are situated near Texas Tech University, UMC Hospital, and Lubbock's only Costco, which supports strong long-term fundamentals.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 280
  • Broker: The Multifamily Group
  • Market: Lubbock
  • Note: The buyer completed a 1031 exchange and assumed existing Fannie Mae financing.

The Multifamily Group facilitated the transaction, representing the parties involved. The deal notably reflects a strategic investment choice, aligning with the region's fundamentals and proximity to key local assets.

On the Map

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Players

The Multifamily Group
The Multifamily GroupBrokerage
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Lubbock MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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