Active Listing  ·  1 day on market

1404 Norwalk Ln #204

Austin, TX 78703
$374,900
2 Bed 2 Bath 1,031 sqft $364/sqft Built 1981 0.04 acres Pool Westfield Condo

Own a piece of Tarrytown for under $400,000 with this updated 2-bedroom, 2-bath condo offering a rare mix of location, flexibility, and value. Set among multi-million-dollar homes, this second-floor residence features 9-foot ceilings, abundant natural light, recessed lighting, and a bright, functional layout. The primary bedroom opens directly to a private patio, creating an inviting space for morning coffee or relaxing at the end of the day.

The HOA permits leases of 30 days or longer, offering added flexibility for a primary residence, lock-and-leave home, or midterm rental strategy. The owner may also consider creative financing for the right buyer, providing another path to ownership. Two dedicated parking spaces convey, along with the refrigerator, washer, and dryer, making the property move-in ready.

Enjoy easy access to Westenfield Park, Lady Bird Lake trails, Deep Eddy Pool, Mozart’s Coffee Roasters, Hula Hut, Quince Lakehouse, Lions Municipal Golf Course, downtown Austin, and H-E-B. HOA dues include gas, water, trash, pool maintenance, lawn care, and common-area maintenance, supporting a truly low-maintenance lifestyle in one of Austin’s most desirable neighborhoods.

At $364/sqft, this home is 7% 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 #204, Austin, TX 78703

Property Details

Price $374,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,031 sqft
Lot Size 0.04 acres (1,620.43 sqft)
Year Built 1981
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Westfield Condo
County Travis
Zip Code 78703
$/sqft $364/sqft
Days on Market ,
HOA $337/Monthly
Annual Tax Est. $6,573.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242167216
List Date August 3, 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
512 Mulberry Dr
Beaconridge 04-A
$374,900 $283 3 bd / 2 ba 1,323 sqft , 2026-06-17
501 W 26th St #108
Centennial Condo Rev 1997
$374,900 $360 2 bd / 2 ba 1,040 sqft , 2026-07-06
6000 Shepherd Mountain Cv #1112
Montevista Condo Ph 01 Amd
$374,900 $326 2 bd / 2 ba 1,150 sqft , 2026-07-08
908 Poplar St #203
Overlook Condo
$374,800 $403 3 bd / 2 ba 930 sqft , 2026-03-11
2205 N Lamar Blvd #114
Caswell Lofts Condo
$375,000 $454 1 bd / 1 ba 826 sqft , 2026-01-23

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
$1,800/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
$74,980
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,046
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,058

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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