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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

Tax Information

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

Basic Information

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

Location

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

Building

  • Building Area Units Square Feet

Property

  • Acreage0.56

Utilities

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

Property Information

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

Amenities

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

Legal

  • ZoningB3

Other

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

Map Location

Driving Directions

Listed by Johan Lopez of Home Shop Properties,Inc.

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