$2,900,000
 $15,568 est/mo Sourced by Back At You

71-75 Common St,Lawrence, MA 01840

Lawrence, MA 01840

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Description

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.

Details

MLS #73528771
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site165
Listing Provided ByHome Shop Properties, Inc. | Johan Lopez

Features

ZoningB3
Acreage0.56
Property ViewYes

Exterior

Lot FeaturesLevel, Corner Lot

Utilities

SewerPublic Sewer
GasOn-Site
ElectricOn-Site

Taxes

Tax Annual Amount25244
Tax Assessed Value1371000
Tax Year2026

Location

Community FeaturesPublic Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
Senior Community Yes / NoNo

Area Information

StateMA
CountyEssex
CityLawrence
Zip Code01840
AreaEssex
Listing VS Median (in 01840)
Price:
$2,900,000
low | high
Med:
$3,675
100% of Average
On site:
165
low | high
Med:
104
100% of Average
Sourced by Back At You

Market Activity 01840

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Learn More About This Property

StateMA
CountyEssex
CityLawrence
Zip Code01840
AreaEssex
Listing VS Median (in 01840)
Price:
$2,900,000
low | high
Med:
$3,675
100% of Average
On site:
165
low | high
Med:
104
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.175M - $3.625M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
265 Essex Street Property Photo 1
$2,190,000
265 Essex Street
Lawrence, MA 01840
Listing Updated: October 14, 2026 at 3:07:34 AM PDT
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