71-75 Common Street, Lawrence, MA 01840
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$3,200,000
0.56 Acre
Residential
Lots: N/A
Zoning: N/A
HOA: N/A

Property Description

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.

Property Details tap to expand

Land Information

  • Land Description: Underground Storage Tank
  • Amenities: Public Transportation, Shopping

Utilities

  • Water: On-Site
  • Sewer: On-Site
  • Electric Info: On-Site
  • Gas: On-Site

Other Information

  • Last Updated: 03/18/26
  • HOA: No
  • Reqd Own Association: Unknown

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/18/2026New$3,200,000MLSPIN

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Seller's Representative: Michael Chase, James M. Murphy
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-03-18 17:13:00