1300 and 1302 Norwalk Ln, Austin, TX 78703

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 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.

A nearly 0.6-acre MF-3 land play across from Lions Municipal Golf Course is hard to find anywhere in central West Austin, and 1300 and 1302 Norwalk Ln puts that opportunity in plain view. In Tarrytown, 1300 and 1302 Norwalk Ln offers 0.5998 acres in Austin, TX 78703 at $2.90 million, with the value centered on location, zoning, and scale rather than a marketed price per square foot.

This is one of those sites that works for more than one buyer profile. An investor can hold existing income while planning the next move. A builder can study a higher-density redevelopment path. A long-range owner can focus on land value in one of Austin’s most established close-in neighborhoods. Agent remarks indicate the property currently includes two multifamily buildings with 12 total units, a mix of one-bedroom and two-bedroom layouts, with only one vacancy. That gives the site immediate utility while design, permitting, and timing are sorted out.

The setting is what makes the numbers matter more. Lions Municipal Golf Course sits across the street. O Henry Middle School is a short walk away. H-E-B and Maudie’s are nearby for daily errands and easy weeknight dinners. Westenfield Park, Westenfield Pool, and the tennis courts are less than a mile away. Littlefield’s and Juiceland are also close. Zilker Park, Barton Springs, Lady Bird Lake, Lake Austin, West Lynn, and West 6th Street are all within roughly 2 miles, which means this address stays connected to both neighborhood life and citywide recreation without sacrificing convenience.

For families looking at the school path, the property is in Austin ISD and assigned to Casis Elementary, O Henry Middle School, and Austin High School. That lineup is a major driver of demand in 78703 and one reason land in this pocket trades on scarcity as much as on current improvements. MoPac is minutes away, giving direct access to Downtown Austin, Austin-Bergstrom International Airport, The Domain, and major routes including 183, 71, and 290.

The current list price equates to roughly $111 per land square foot based on the 0.5998-acre lot size, and the 223 days on market suggest room for a buyer with a clear plan and a disciplined underwriting model. Year built and total finished square footage are not the headline here. The headline is control of a large, well-placed site in Tarrytown, near Casis, O Henry, Austin High, and some of the most durable lifestyle anchors in central Austin. That combination should continue to support both everyday livability and long-term value.

Tarrytown is a historic Central Austin neighborhood in 78703, five minutes from downtown and bordered by Lake Austin to the west. Median home price $1.95M. Austin ISD schools - Casis Elementary, O. Henry Middle, Austin High - and walkability to Deep Eddy Pool, Lady Bird Lake, and Mayfield Park.

The housing stock spans nine decades. Original 1930s-60s colonials, Tudors, and ranch homes sit alongside new construction and gut renovations on lots ranging from 0.15 to 0.3 acres. Lakefront properties on Scenic Drive and streets near Lake Austin command $4M-$15M+. The neighborhood's character has been protected by an engaged neighborhood association and the McMansion Ordinance, which limits building scale.

Daily life here runs on the water and the schools. Morning laps at Deep Eddy Pool (68-degree spring-fed water year-round), school drop-off at Casis, coffee at Tarrytown Pharmacy or Summer Moon, dinner at Jeffrey's or Josephine House without leaving the neighborhood. The Contemporary at Laguna Gloria and Lions Municipal Golf Course are a walk or short bike ride away.

What makes Tarrytown distinct from other luxury Austin neighborhoods: genuine walkability, a 90-year-old neighborhood identity, and Central Austin access that Westlake and Barton Creek cannot match. The tradeoff is Austin ISD instead of Eanes, and smaller lots than you'd find west of MoPac.