Active Under Contract

1300 AND 1302 Norwalk Lane

Austin, TX 78703

$2,900,000 $12,226/Mo

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Overview

0.60

Acre(Lot)

Description

A rare development opportunity in the heart of West Austin. Located on a quiet street in Deep Eddy, 1300 & 1302 Norwalk Lane currently consist of two multifamily buildings featuring a total of 6 one-bedroom units and 6 two-bedroom units, with only one unit currently vacant. This setup provides holding income while you pursue design and planning approval for redevelopment or refurbishment of the existing improvements. The property spans a gently sloping, rectangular 0.6-acre lot with dual street frontage. Zoned MF-3, it allows for up to 20,000 square feet of Gross Floor Area and up to 21 units. Preliminary schematics show a layout including a driveway and 12 x 1600 sq. ft. with 2-car garages and private roof terraces. This property is across the road from the Muni Golf Course and a short w alk to O'Henry Middle School, HEB and Maudies. It is also less than a mile to Westenfield Park / Pool / Tennis Courts, Littlefields, and Juiceland; and less than 2 miles to Austin High, Zilker Park, Barton Springs, Town Lake, Lake Austin, numerous bars and restaurants on West Lynn and West 6th St. It's proximity to MoPac delivers direct connectivity to the airport, the Domain, and highways 183, 71 and 290. This property is zoned to Austin ISD's best schools.

Property Details

Property Type : Land

Price : $2,900,000

AD Id : 66340982

MLS Id : 1503014

Lot Size : 0.60 Acre(Lot)

County : Travis

Subdivision: Westfield A

Map

What's Nearby

Nearby Areas

Features

Exterior Features

Exterior Features: UncoveredCourtyard

Lot Information

Lot Dimensions: 117 x 218 Main Square Feet: 0.5998 Lot Size Acres: 0.5998 Lot Description: Alley,NearGolfCourse,GentleSloping,NearPublicTransit,Subdivided,TreesMediumSize

Property Information

Subdivision: Westfield A Source Property Type: Land Zoning Description: MF-3-NP Property SubType: Multiple Parcels

Listing Price Information

Listing Price: $2900000

Cash, Conventional, Exchange1031

Tax Information

Parcel Number: 01130608090000 Tax Lot: 1A and 2A Tax Block: 8 Tax Year: 2025 Annual Tax: $38901 Tax Legal Desc: LOT 1A BLK 8 RESUB PT OF LT 1 & 2 WESTFIELD A LOT 2A BLK 8 RESUB PT OF LT 1 & 2 WESTFIELD

School Information

Elementary School: Casis Junior High School: O Henry Senior High School: Austin
Utility Information

ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, SewerConnected, WaterAvailable, WaterConnected
Location Information

Direction: West along Lake Austin Blvd, Right into Exposition, Right onto W 12th, Left into Norwalk. West along Enfield Rd, Left into Norwalk. Properties are on West side of street WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1810 Mohle Drive, Austin, TX, 78703	$900,000	--	--	--	0.17 Acre(Lot)
2511 Bridle Path, Austin, TX, 78703	$3,200,000	--	--	--	0.53 Acre(Lot)
2501 Inwood Place, Austin, TX, 78703	$1,790,000	--	--	--	0.40 Acre(Lot)
2202 Matthews Drive, Austin, TX, 78703	$1,750,000	--	--	--	0.18 Acre(Lot)

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ByOwner last updated this listing 06/16/2026 @ 06:28

MLS: 1503014 LISTED BY: Sally Burns, Muskin Elam Group LLC 512-343-2700 SOURCE: ACTRIS