OPEN HOUSE SUNDAY 30TH OF MARCH FROM 2 PM – 5 PM
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.
Basic Property Information
<strong>Dwelling Size - </strong> 1,035 ft2
From Public Records
<strong>Year Built - </strong> 2025
<strong>Stories - </strong> Two
<strong>Foundation - </strong> Slab
<strong>Garage - </strong> 1
Attached
<strong>Roof - </strong> Shingle
<strong>Lot Size Acres - </strong> 0.0415
<strong>Waterfront Features - </strong> None
Bedrooms - 3
<strong>Main Level Bedrooms - </strong> 0
<strong>Bathrooms - </strong> 1.5
<strong>Full - </strong> 1
<strong>Half - </strong> 1
<strong>Living Rooms - </strong> 1
<strong>Dining Rooms - </strong> 0
<strong>Fireplaces - </strong> 0
<strong>Pool on Property- </strong> None
School District
<strong>School District - </strong> Austin ISD
<strong>Elementary - </strong> Menchaca
<strong>Middle - </strong> Pearce Middle
<strong>Senior High - </strong> Akins
Home Owners Association
<strong>Home Owners Association - </strong> Soma Industry
<strong>Fee - $</strong> 230
<strong>Frequency - </strong> Monthly
<strong>Includes - </strong> Common Area Maintenance,Insurance,Landscaping,See Remarks
Amenities and Features
Other Features
Garage Attached
Home Owners Association
New Construction
See Remarks
Utilities
Heating: See Remarks Cooling: Other See Remarks
Sewer: Public Sewer Water: Public
Additional Details
<strong>Faces - </strong> NE
<strong>Flooring - </strong> Laminate
<strong>View - </strong> See Remarks
<strong>Lot Features - </strong> Back Yard,See Remarks
<strong>Sellers Representative - </strong> Central Metro Realty
(512) 454-6873
<strong>Other Structures - </strong> See Remarks
<strong>Accessibility Features - </strong> See Remarks
<strong>Community Features - </strong> See Remarks
Walk Score
Based on information from the Austin Board of REALTORS® for the period 09/17/2026 through 09/17/2026. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.