$335,000

1135 N Penelope Street, Belton, TX 76513

5 beds |
2 baths |
2,651 sqft

Single-Family Home
Built in 1945
0.29acre lot
2 car garage
$126/sqft
Listed 9 days ago

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:: April 4, 2026 at 7:16AM
Listing Office:: Barry Ratliff, Broker : 254-295-6081
Listing Agent:: Barry Ratliff : 254-295-6081
MLS ID:: 607351

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

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

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

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

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

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

Source: CTEXAS_TBBOR

This listing courtesy of Barry Ratliff , Barry Ratliff, Broker

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Leon Heights Elementary School

1501 N Main St, Belton, TX, 76513

Grades KG-5

0.30 miles away

Belton Middle School

1704 Sparta Rd, Belton, TX, 76513

Grades 6-8

1.52 miles away

Belton New Tech High School at Waskow

320 N Blair St, Belton, TX, 76513

Grades 9-12

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.