1135 N Penelope Street, Belton, TX 76513

• 5 beds |
• 2 baths |
• 2,651 sqft

Property Description

Maximize your ROI or upgrade your lifestyle with this incredible, high-flexibility property just minutes from the University of Mary Hardin-Baylor! Located on a prime corner lot at 1135 N Penelope St, this home is a rare gem perfectly suited for a large family or a savvy investor looking to capitalize on the booming student rental market. UNMATCHED VERSATILITY: This traditional home lives large. Need space? Use the formal dining as a 5th bedroom. Looking for income? The current owner has a proven track record of leasing rooms to students. The property features a separate front out-building—perfect as a private master suite with a study, a secluded home office, or a standalone rental apartment. PREMIUM FEATURES: The heart of the home is a massive chef’s kitchen with a huge center island, double ovens, cooktop, and built-in microwave—ideal for entertaining. Relax in the oversized family room anchored by a classic corner brick fireplace. Enjoy a mix of durable laminate, ceramic tile, and original hardwood floors that add timeless character. APARTMENT SPACE: The oversized garage isn't just for parking; it includes a private room with a kitchenette, ready-made as an additional rental unit or studio. With a separate carport for front-of-home parking and proximity to downtown Belton shopping and dining, this home offers convenience that is hard to beat. ACT FAST: Opportunities with this much income potential and square footage near the University do not last. Schedule your showing today!

Listing Status:

Active

Date Added:

March 26, 2026

Data Last Updated:

May 21, 2026 at 5:17AM

Listing Office:

Barry Ratliff, Broker : 254-295-6081

Listing Agent:

Barry Ratliff : 254-295-6081

MLS ID:

607351

Interior

• General: Built-in FeaturesCeiling Fan(s)Custom CabinetsEat-in Kitchen
• Appliances: DishwasherElectric RangeGas Water HeaterWater Heater
• Laundry: Washer HookupElectric Dryer HookupIn Unit
• Flooring: TileWood
• A/C: Central AirElectric1 Unit
• Heating: CentralNatural Gas
• Fireplace: Living RoomWood BurningFireplace

Exterior

• General: Covered Patio
• Style: Traditional
• Other Structures: PatioCovered
• Pool: None

Construction

• Roofing: CompositionShingle
• General: Lap SidingWood Siding1Pillar/Post/Pier

Location

• Road/Access: City Street
• Originating MLS: CTEXAS_TBBOR
• School District: Belton ISD
• County: Bell

Lot

• Zoning: AUSTINBLOCK 002LOT 000293387
• View: None
• Fencing: Back YardChain Link

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableHigh Speed Internet AvailableOtherPhone AvailableSee RemarksTrash Collection PublicElectricity on Property
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CTEXAS_TBBOR