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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.

More Info

Basic Information

  • Lot Features Level, Corner Lot
  • Mls StatusNew

Location

  • Address71-75 Common Street
  • Building Number71-75
  • CountyEssex
  • StateMA
  • StreetCommon Street
  • TownLawrence
  • Zip01840

Amenities

  • Amenities
    • Highway Access
    • Laundromat
    • Medical Facility
    • Other
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station

Tax Information

  • Tax Assessed Value $1,371,000
  • Tax Year 2026
  • Taxes$25,244

Building

  • Building Area Units Square Feet

Utilities

  • Electric On-Site
  • Electric On Property YN Yes
  • Gas On-Site
  • Sewer Public Sewer
  • Water Source Private

Other

  • Date Listed06/03/2026
  • Farm Land Area Units Square Feet

Basic Information

  • List Price$2,975,000
  • MLS Number73528771
  • Modification Date06/03/2026
  • Property SubTypeResidential

Property

  • Acreage0.56

Property Information

  • Lot Size Square Feet 24,393
  • Lot Size Units Acres
  • View YN Yes

Map Location

Listed by Johan Lopez of Home Shop Properties,Inc.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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