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$335,000 Just Listed
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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!
Full Property Details
Full Property Details for 1135 N Penelope St
General
- Price: $335,000
- Status: Active
- Type: Single Family
- Source: Central_Texas_MLS
- MLS ID: 607351
- Updated: 3/27/2026
- Added to Site: 4 day(s) ago
Interior
- Interior Features: Built-in Features, Ceiling Fan(s), Custom Cabinets, Eat-in Kitchen
- Fireplace: Yes
- Fireplace(s): Living Room, Wood Burning
- Appliances: Dishwasher, Electric Range, Gas Water Heater, Water Heater
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, In Unit
Exterior
- Exterior Features: Covered Patio
- Porch/Patio/Deck: Covered, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Carport Spaces: 1
Location
- County: Bell
- Subdivision: Austin
- Driving Directions: Take E 6th St Belton to Penelope and go north. House on corner. From E 13th go to Penelope then south.
School Information
- Elem School District: Belton ISD
- Midd School District: Belton ISD
- High School District: Belton ISD
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, 1 Unit
- Heating Type: Central, Natural Gas
Utilities
- Electric Available: Yes
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, High Speed Internet Available, Other, Phone Available, See Remarks, Trash Collection Public
Structural Information
- Architectural Style: Traditional
- Construction: Lap Siding, Wood Siding
- Roof: Composition, Shingle
- Stories/Levels: 1
- Square Feet: 2,651
- Sq. Ft. Source: Appraiser
- Living Area: 2,651 Sq. Ft.
- Year Built: 1945
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.2852
- Frontage: City Street
- Fencing (Description): Back Yard, Chain Link
Financial Considerations
- Terms: Cash, Conventional, FHA, Texas Vet, USDA Loan, VA Loan
Disclosures and Reports
- Special Conditions: Short Sale
- Documents Avail.: Disclosure(s), Lead Based Paint Disclosure, Seller's Property Disclosure
- Legal Description: AUSTIN, BLOCK 002, LOT 0002
- Property ID: 93387
- Block: 2
- Lot Number: 2
Listed by Barry Ratliff, Broker
Get Pre-Approved Today
Schools
Schools serving 1135 N Penelope St
School District:Belton Independent School District
| Name | Grades | Distance |
|---|---|---|
Leon Heights Elementary School 1501 North Main Street, Belton, TX 76513 | K-5 | 0.3 mi |
Belton Middle 1704 Sparta Road, Belton, TX 76513 | 6-8 | 1.5 mi |
Belton High School 600 Lake Road, Belton, TX 76513 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1135 N Penelope St
Date
Details
Price
Change
Source
3/26/2026
Listed
$335,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1135 N Penelope St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,661
1%
$260,000
-7%
2023
$5,622
—
$280,459
—
2023
$5,622
-3%
$281,198
10%
2022
$5,768
25%
$254,777
31%
2021
$4,623
-2%
$193,869
—
2020
$4,711
24%
$194,381
32%
2019
$3,802
4%
$147,447
10%
2018
$3,643
3%
$134,043
3%
2017
$3,520
12%
$129,531
5%
2016
$3,138
—
$122,834
—
2015
$3,130
3%
$122,524
3%
2014
$3,050
-1%
$119,397
-1%
2013
$3,080
—
$120,090
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1135 N Penelope St
1135 N Penelope Street, Belton, TX 76513 (MLS# 607351) is a Single Family property with 5 bedrooms and 2 full bathrooms. 1135 N Penelope Street is currently listed for $335,000 and was received on March 26, 2026. Want to learn more about 1135 N Penelope Street? Do you have questions about finding other Single Family real estate for sale in Belton? You can browse all Belton real estate or contact a Coldwell Banker agent to request more information.

