Sold Aug 29, 2026
$2,900,000About this home
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.
Listing last checked: Listing updated:
Listed by Johan Lopez · Home Shop Properties, Inc. · MLS #73528771
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Details at a glance
Interior1 property facts
- Basement
- Not reported
Building1 property facts
- Style
- Residential
Land & utilities5 property facts
- Lot size
- 0.56 acres
- Water
- Private
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- B3
Financial2 property facts
- Annual taxes
- $25,244
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $2,900,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$16,768 / monthAdjust
- Principal & interest
- $14,664
- Property tax
- $2,104
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $25,244. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $2,967,055
Estimated range $2,213,058–$3,721,051.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisComparable properties 2 supplied
Sold Jul 22, 2026
$2,950,000150+152 Jordan Road
Photo-based condition insights
Overall presentation: above average
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About 71-75 Common St
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