West Austin Development
For Sale
$2,900,000
Pending
1300 and 1302 Norwalk Ln, Austin, TX 78703
Rare 0.6-acre lot zoned MF-3 in Deep Eddy.
Property Size7,116 SF
Lot Size0.60 Acres
Days on Market151
Property Features for 1300 and 1302 Norwalk Ln
General Information
Standard status
Pending
Size
7,116 SF
Lot size
0.60 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$38,901
Building Details
Building Size
7,116 SF
Year Built
1963
Listing Agency:
Muskin Elam Group LLC
(512) 993-0842
Listed By:
Sally Burns · License #0718525
(512) 993-0842
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Muskin Elam Group LLC
Investment Insights
Based on property information with market context.
This property presents a rare development opportunity in the heart of West Austin. Situated on a quiet street in Deep Eddy, the site at 1300 & 1302 Norwalk Lane currently features two multifamily buildings comprising a total of 6 one-bedroom units and 6 two-bedroom units, with one unit currently vacant, providing holding income. The property spans a gently sloping, rectangular 0.6-acre lot with dual street frontage. Zoned MF-3, the site 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 units of 1600 sq. ft. with 2-car garages and private roof terraces. The property is located across the road from the Muni Golf Course and is a short walk 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, and numerous bars and restaurants on West Lynn and West 6th St. Proximity to MoPac provides direct connectivity to the airport, the Domain, and highways 183, 71, and 290. This property is zoned to Austin ISD's best schools.
Key Highlights
- Rare 0.6‑acre development opportunity in prime West Austin (Deep Eddy).
- MF‑3 zoning allows for significant redevelopment potential:** up to 20,000 sq ft GFA and 21 units.
- Current multifamily buildings provide holding income with 12 units (6 one‑bedroom, 6 two‑bedroom).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 78703, TX
22,194
Population
12,237
Households
1.8
Avg Household Size
38
Median Age
84%
College-Educated
99%
High-School Grad
5.6 sq mi
ZIP Area
3,963
Density / Sq Mi
$144,637
Median Household Income
$80,622
Median Earnings
$2,217
Median Rent
$1,353,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Rare 0.6-acre lot zoned MF-3 in Deep Eddy.
Where is this residential land & home lot located?
The property is located at 1300 and 1302 Norwalk Ln Austin, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Rare 0.6‑acre development opportunity in prime West Austin (Deep Eddy).; MF‑3 zoning allows for significant redevelopment potential:** up to 20,000 sq ft GFA and 21 units.; Current multifamily buildings provide holding income with 12 units (6 one‑bedroom, 6 two‑bedroom).
