1300 and 1302 Norwalk LN Austin, TX 78703
7,116 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,116 sqft
Price per Sqft $407
Subdivision Westfield A
MLS Listing ID 1713395
Year Built 1963
Annual Tax Amount $38,901
Tax Year 2025
Lot Size 0.600 Acres
Acres 0.5998
Property Sub-Type Multi Family
Source actris
Property Description
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 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, 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.
Location
State TX
County Travis
Area 1B
Zoning MF-3-NP
Interior
Heating Natural Gas
Cooling Ceiling Fan(s), Separate Meters, Wall/Window Unit(s)
Flooring Laminate, Wood
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
View None
Accessibility None
Total Parking Spaces 14
Private Pool No
Building
Foundation Pillar/Post/Pier, Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Clapboard,Wood Siding
New Construction No
Others
Restrictions None
Acceptable Financing Cash, Conventional, 1031 Exchange
Tax Rate 1.981
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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