Active Listing  ·  145 days on market

1404 Norwalk Ln #201

Austin, TX 78703
$395,000
2 Bed 2 Bath 1,121 sqft $352/sqft Built 1981 0.04 acres Pool Westfield Condominiums

Welcome to 1404 Norwalk Lane #201! This beautiful, light-filled second floor unit at Westfield Condominiums features two bedrooms and two bathrooms (each with ensuite bathrooms). The inviting kitchen has tile counter tops, and the unit offers a comfortable floor plan that flows seamlessly from its kitchen to the dining room (currently being used as a home gym and office) to an oversized living room with a cozy fireplace. Washing machine and dryer conveniently located in a hall closet and will convey with the sale of the home. Enjoy outdoor space on the front balcony connected to the dining area or a more private balcony off the primary suite overlooking the community's pool. Just minutes from downtown and a stone's throw from HEB on Lake Austin Boulevard and Lions Municipal Golf Course, this is one you don't want to miss!

At $352/sqft, this home is 10% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1404 Norwalk Ln #201, Austin, TX 78703

Property Details

Price $395,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,121 sqft
Lot Size 0.04 acres (1,768.54 sqft)
Year Built 1981
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Westfield Condominiums
County Travis
Zip Code 78703
$/sqft $352/sqft
Days on Market ,
HOA $334/Monthly
Annual Tax Est. $6,759.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222214270
List Date March 12, 2026
Elementary School Casis
Middle School O Henry
High School Austin
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2709 E 5th St #2203
58EAS
$395,000 $395 1 bd / 1 ba 1,000 sqft , 2026-03-13
1800 Lavaca St #A108
Greenwood Towers Amd
$395,000 $307 3 bd / 2 ba 1,288 sqft , 2025-06-01
2205 N Lamar Blvd #113
Caswell Lofts Condo
$395,000 $478 1 bd / 1 ba 826 sqft , 2026-02-17
4913 Single Shot #B Cir
Fort View Hills Sec 01
$395,000 $325 2 bd / 3 ba 1,215 sqft , 2026-01-14
501 W 26th St #121
Centennial Condo Rev 1997
$395,000 $326 3 bd / 2 ba 1,211 sqft , 2026-06-15

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,896/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$79,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (~2.1% TX avg)−$691
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,116

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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