Fully Approved 60-Unit Residential Site with $2.5M HDIP Tax Credit. Maximize your portfolio returns with the ICONO Tower Development, a premier, fully permitted multifamily opportunity in downtown Lawrence, MA. Located at 71–75 Common Street and 37 Newbury Street, this shovel-ready project is approved for 60 market-rate apartments sitting over a 55-car structured garage. Investors gain an immediate financial edge with an awarded $2.5 million Housing Development Incentive Program (HDIP) tax credit spanning 2025–2027. Capitalize on the Merrimack Valley's rapid growth with a project backed by strong local demand and local government incentives.
Lot/land
$2,975,000
71-71 Common St #75, Lawrence, MA 01840
--beds
0baths
0.56Acres
Residential
Built in ----
0.56 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 75 days |
- 158 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Johan Lopez 978-804-7425,
Home Shop Properties, Inc. 978-655-3016
Source: MLS PIN,MLS#: 73528771
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Has basement: No
Property
Features
- Has view: Yes
- View description: City
Lot
- Size: 0.56 Acres
- Features: Level, Corner Lot
Details
- Zoning: B3
Utilities & green energy
- Electric: On-Site
- Gas: On-Site
- Sewer: Public Sewer
- Water: Private
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
HOA
- Has HOA: No
Location
- Region: Lawrence
Financial & listing details
- Tax assessed value: $1,371,000
- Annual tax amount: $25,244
- Date on market: 6/3/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Listed for sale | $2,975,000-7% |
Source: MLS PIN #73528771 Report a problem | ||
| 4/7/2026 | Listing removed | $3,200,000 |
Source: MLS PIN #73488625 Report a problem | ||
| 3/18/2026 | Listed for sale | $3,200,000 |
Source: MLS PIN #73488625 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 01840
Nearby schools
GreatSchools rating
- 2/10Francis M Leahy Elementary SchoolGrades: K-4Distance: 0.5 mi
- 4/10Up Academy Leonard Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Lawrence High SchoolGrades: 9-12Distance: 1.4 mi
- $---- bd-- ba-- sqft91 Common St, Lawrence, MA 01840Off Market
- $---- bd-- ba-- sqft37 Newbury St, Lawrence, MA 01840Off Market
- $---- bd-- ba-- sqft95 Common St, Lawrence, MA 01840Off Market
- $1,831,000-- bd-- ba-- sqft48 Common St #52, Lawrence, MA 01840Off Market
- $--3 bd1 ba-- sqft50 Common St, Lawrence, MA 01840Off Market
- $--3 bd1 ba-- sqft50 Common St APT 3, Lawrence, MA 01840Off Market
- $--1 bd1 ba-- sqft48 Common St, Lawrence, MA 01840Off Market
- $816,7007 bd4 ba3.1k sqft156 Garden St, Lawrence, MA 01840Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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