1300 Norwalk Ln, Austin, TX 787031302 Norwalk Ln, Austin, TX 78703
Norwalk Site
Two Parcels in Highly Desirable Deep Eddy Neighborhood
Overview
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Seize a rare opportunity to own a multifamily property in the highly desirable Deep Eddy neighborhood of Inner-West Austin. 1300 & 1302 Norwalk Lane, Austin, Texas 78703, is a 0.6-acre site comprising two older-vintage buildings offering a balanced mix of 12 income-producing apartments. This property provides both immediate investment returns and significant future development potential in one of Austin’s most sought-after residential neighborhoods.
Investment Highlights
- High rental demand supported by proximity to top-rated Austin ISD schools and major employers in both downtown Austin (only 2 miles away) and the Domain (15 mins north along MoPac).
- MF-3 zoning allows nearly 20,000 sq ft to be built on this ± 0.6 acre lot which also has dual street frontages. Preliminary drawings indicate 12 x 1,600 sq ft condominiums could be built with 2-car garages and private roof terraces.
- Recent sales of neighboring 1,500 sq ft condos range from $750K to $1M+, and the average sale price of a Single Family Home within a one mile radius of the subject property is $1.9M.
Photo Gallery
1300 Norwalk LnAustin, TX 787031300 Norwalk Ln, Austin, TX 787031302 Norwalk Ln, Austin, TX 78703
Sales Team
Listing provided by Revere CRE