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Imagine owning your first home in one of Austin's most sought-after neighborhoods"”without breaking the bank. Industry Soma offers an incredible opportunity for first-time homebuyers to secure a beautiful, modern 3-bedroom, 1.5-bathroom condominium at an affordable price. Nestled near the intersection of Menchaca Rd and William Cannon, this community blends convenience, comfort, and affordability. Whether you're looking for easy access to shopping, dining, or outdoor spaces, this location has it all. ? Affordable Homeownership - Designed specifically for first-time buyers who qualify under the City of Austin's Affordable Housing Program. ? Spacious & Modern - Thoughtfully designed 3-bed, 1.5-bath layout perfect for families, professionals, or anyone looking to put down roots. ? Guaranteed Long-Term Affordability - With city-set resale and rental restrictions, this program ensures homes remain affordable for future buyers as well. ? Exclusive Mortgage Benefits - A list of qualified lenders for this program offers: $0 Down Payment Lower Interest Rates No Private Mortgage Insurance (PMI) Required Resale Restrictions: If you decide to sell in the future, the resale price will be subject to City of Austin guidelines to keep the home affordable for future buyers. Rental Restrictions: These units must be owner-occupied and cannot be rented out, ensuring the community remains accessible to first-time homeowners. Limited Availability - Act Fast! ?? Only 23 units available - first-come, first-served basis! Who Qualified This opportunity is exclusively for first-time homebuyers who meet the City of Austin's Median Family Income (MFI) eligibility requirements. If you've been dreaming of owning a home but worried about affordability, this program makes homeownership possible! Applications, program details, and resale restrictions can be found in the attached document.
| LAST UPDATED | 6/3/2025 | TRACT | INDUSTRY SOMA CONDOMINUIMS |
|---|---|---|---|
| YEAR BUILT | 2025 | COMMUNITY | INDUSTRY SOMA CONDOMINUIMS |
| GARAGE SPACES | 1.0 | COUNTY | Travis |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Menchaca |
|---|---|
| Jr. High School | Pearce Middle |
| High School | Akins |
| PRICE HISTORY | |
| Prior to Apr 10, '25 | $240,000 |
|---|---|
| Apr 10, '25 - Apr 29, '25 | $248,000 |
| Apr 29, '25 - Today | $265,000 |
| ADDITIONAL DETAILS | |
| AMENITIES | Insurance |
|---|---|
| AREA | SWE |
| CONSTRUCTION | Cement Siding, See Remarks |
| GARAGE | Attached Garage, Yes |
| HEAT | See Remarks |
| HOA DUES | 230|Monthly |
| INTERIOR | See Remarks |
| LOT | 1808 sq ft |
| LOT DESCRIPTION | Back Yard, See Remarks |
| PARKING | Attached |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | 1st Floor Entry, See Remarks |
| SUBDIVISION | INDUSTRY SOMA CONDOMINUIMS |
| TAXES | 1009.32 |
| UTILITIES | See Remarks |
| VIEW | Yes |
| VIEW DESCRIPTION | See Remarks |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Sam Norallah, Central Metro Realty
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 6/7/25 4:06 AM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.