2627 E Cornell Street, Lubbock, TX 79403
Lubbock County
Key Facts
Description
Welcome to 2627 E Cornell — a great opportunity for investors looking for a performing property with built-in upside. This home is currently occupied by a long-term tenant, providing immediate stability and consistent occupancy. The property is currently under-rented, offering a clear opportunity to increase returns with a light cosmetic refresh. The home is in overall stable condition with no major repairs needed, making it an ideal candidate for improvements that can quickly bring rents up to market levels—without the need for a full renovation. Located in the Parkway/Cherry Point area of East Lubbock, this property sits in a rental market known for affordability and steady demand, making it a reliable option for long-term holds. Priced at approximately 85% of market value, this is a strong opportunity to step into a property that already performs, with the ability to maximize cash flow over time. Whether you're expanding your portfolio or looking for a manageable value-add investment, this one offers a solid combination of stability, flexibility, and future upside.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1964
Living Area
912 sq ft
Lot Size
0.16 acres
MLS® Listing#
202605971
Property Features
Interior
Exterior
Cooling
Heating
Parking
Construction
Foundation
Roof
Financial Details
Annual Taxes
$683
Parcel Number
R137162
Affordability Calculator
$12,000
Estimated monthly payment
$319/mo
Principal $48,000 · Est. interest $66,964 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lubbock, TX
- $279,841
- Median Listing Price
- 42
- Median Days on Market
- 1,860
- Median Sq Ft
- $138
- Median Price / Sq Ft
- 1,539
- Active Listings
- This home’s price is 79% below the area median.
- Its price per sq ft is 52% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lubbock, TX.
Location
Points of Interest in Lubbock, TX
Showing the Lubbock area map.
Nearby Schools
Bozeman Elementary School
Elementary · 0.5 mi away
Alderson Elementary
Elementary · 0.7 mi away
Rise Academy Charter School
Elementary · 0.7 mi away
Estacado High School
Secondary · 0.9 mi away
Talkington School for Young Women Leaders
Secondary · 0.9 mi away
Early Learning Center of Lubbock
School · 1.4 mi away
Dunbar College Preparatory Academy
School · 2.3 mi away
Erwin Elementary School
Elementary · 2.6 mi away
Guadalupe Elementary School
Elementary · 2.7 mi away
Betty M Condra School for Education Innovation
Elementary · 2.8 mi away
First United Methodist Church
Elementary · 2.9 mi away
Wright Elementary School
Elementary · 2.9 mi away
Anita Carmona-Harrison Elementary School
Elementary · 3.0 mi away
Lubbock Isd
School · 3.3 mi away
Homebound School
School · 3.3 mi away
Ramirez Charter School
Elementary · 3.3 mi away
Bean Elementary School
Elementary · 3.5 mi away
Liberty Learning Center
School · 3.5 mi away
Lubbock High School
Secondary · 3.5 mi away
Dupre Elementary School
Elementary · 3.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2639 Parkway Drive, Lubbock, TX | $44,900 | 3 | 1 | 1,456 |
| 2119 26th Street, Lubbock, TX | $45,000 | 3 | 1 | 1,032 |
| 1921 Parkway Drive, Lubbock, TX | $45,000 | 3 | 2 | 1,215 |
| 1503 E 8th Street, Lubbock, TX | $46,999 | 2 | 1 | 836 |
| 2417 E 29th Street, Lubbock, TX | $47,500 | 3 | 1 | 968 |
| 1910 Avenue S, Lubbock, TX | $48,000 | 2 | 1 | 1,059 |
Moving Cost Estimate
EXIT Agents in Lubbock
Listing Courtesy: Keller Williams Realty - 8067717710
Presented by: Felicia Estrada
Licensed in the state of Texas.