12-Unit Apartment
For Sale
$2,900,000
1302 Norwalk Lane, Austin, TX 78703
Two existing buildings offer a mix of one- and two-bedroom units with one vacancy.
Property SizeContact for details
Lot Size0.60 Acres
Days on Market448
Property Features for 1302 Norwalk Lane
General Information
Standard status
Active
Lot size
0.60 Acres
Property subtype
Land / Multiple Parcels
Zoning
MF-3-NP
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
6 x 1BR, 6 x 2BR
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$38,901
Building Details
Buildings
2
Listing Agency:
Muskin Elam Group LLC
(512) 993-0842
Listed By:
Sally Burns · License #0718525
(512) 993-0842
Source:
Compass
Added: Jun 10, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:14PM
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.
The property includes two multifamily buildings containing 12 units: six one-bedroom residences and six two-bedroom residences. One unit is currently vacant. Improvements occupy a gently sloping, rectangular 0.6-acre lot with frontage on two streets, providing an existing apartment configuration alongside preliminary redevelopment concepts.
Preliminary schematics depict 12 residences measuring 1600 sq. ft. each, with two-car garages and private roof terraces. The site is across from the Muni Golf Course and within walking distance of O'Henry Middle School, HEB, and Maudie's. Westenfield Park, pool, and tennis courts, Littlefields, and Juiceland are less than a mile away, while Austin High, Zilker Park, Barton Springs, Town Lake, Lake Austin, and West Austin dining and nightlife are within 2 miles. MoPac provides access toward the airport, the Domain, and highways 183, 71, and 290.
Preliminary schematics depict 12 residences measuring 1600 sq. ft. each, with two-car garages and private roof terraces. The site is across from the Muni Golf Course and within walking distance of O'Henry Middle School, HEB, and Maudie's. Westenfield Park, pool, and tennis courts, Littlefields, and Juiceland are less than a mile away, while Austin High, Zilker Park, Barton Springs, Town Lake, Lake Austin, and West Austin dining and nightlife are within 2 miles. MoPac provides access toward the airport, the Domain, and highways 183, 71, and 290.
Key Highlights
- 12 total units: 6 one‑bedroom and 6 two‑bedroom apartments
- One unit currently vacant
- Two multifamily buildings on a 0.6‑acre rectangular lot
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two existing buildings offer a mix of one- and two-bedroom units with one vacancy.
Where is this apartment building located?
The property is located at 1302 Norwalk Lane 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: 12 total units: 6 one‑bedroom and 6 two‑bedroom apartments; One unit currently vacant; Two multifamily buildings on a 0.6‑acre rectangular lot
