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71-75 Common Street, Lawrence MA 01840

$3,200,000

Estimated $21,821/month Calculator

Land

Residential

24,393 (0.56)

Northmarq is pleased to present the ICONO Development, a fully approved residentialdevelopment opportunity located at 71–75 Common Street and 37 Newbury Street in the heart ofdowntown Lawrence, Massachusetts. The project is approved for the construction of 60 market-rateresidential units set above a 55-car structured garage, combining modern design with functionalityto meet the growing demand for high-quality urban housing in one of the Merrimack Valley’s mostrapidly transforming cities.To the future owner’s advantage, the ICONO Development has been awarded a $2.5 millionHousing Development Incentive Program (HDIP) tax credit for calendar years 2025, 2026, and2027, significantly enhancing project feasibility and investor returns. This valuable state incentiveunderscores the City of Lawrence’s commitment to supporting new residential development in itsurban core and adds meaningful value to the project’s overall financial profile.

This home has been viewed 5 times

Last Checked: April 8th, 2026 at 4:29am (Source: MLS PIN #73488625)

General Information for 71-75 Common Street, Lawrence MA 01840

Listing ID73488625

Price3200000

Land TypeResidential

Approx AcresApprox. 0.56 acres (24,393 SqFt)

Number of Lots

Road Frontage Type

ZoningB2 Zoning

Electric220 Volts

GasOn-Site

WaterOn-site

SewerOn-site

PERC Test

Association Required

Association Fee

Lot FeaturesGentle Sloping

Waterfront0

Waterfront Features

View

Disclosures for 71-75 Common Street, Lawrence MA 01840

Special Listing Conditions

Financial Information for 71-75 Common Street, Lawrence MA 01840

Association Fee

Tax25244

Tax Year2025

Assessed Value$1,371,000

Contact Information for 71-75 Common Street, Lawrence MA 01840

Agent

Name: Michael Chase

Office

Name: James M. Murphy

Phone: 617-728-9522

Team Members

Payment Calculator

, Interest

Property Taxes 2103.67

Principal & Interest 19717.38

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

James M. Murphy

Michael Chase

Agent Phone

Office Phone

(617) 728-9522

Text Agent Call Agent Call Office

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EXIT