71-75 Common St

24,393 / 0.56
Lot Size / Acres

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...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.
  1. Listed by Michael Chase • James M. Murphy

Property Details for 71-75 Common Street

Town
Lawrence
Area
MA-Lawrence
LISTING UPDATED: 03/23/2026 12:40 PM

Property Details for 71-75 Common Street

StatusActive
MLS #73488625
Days on Market5
Taxes$25,244 / year
HOA Fees-
Compass TypeLand
MLS TypeLand / Residential
Year Built-
CountyEssex County

Location

Listing Courtesy of James M. Murphy, Michael Chase
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Building Information for 71-75 Common Street

Lot Size0.56 AC

Payment Calculator

$17,634 per month

30 year fixed, 6.11% Interest

Principal and Interest

$15,530

Property Taxes

$2,104

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 71-75 Common Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping
  • Waterfront: No
  • Water View: No
Features
Interior Features
  • Bathrooms Total Integer: 0
Exterior Features
  • Lot Description: Underground Storage Tank
Utilities
  • Electric: On-Site
  • ElectricOnPropertyYN: Yes
  • Gas: On-Site
  • Sewer: On-Site
  • Water: On-Site
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Assessments: $1,371,000
  • Book: 17594
  • Tax Year: 2025
  • Zoning: B2 Zoning
Building / Association Information
Complex & Association Information
  • Adult Community: No

Property History for 71-75 Common Street

DateEvent & SourcePriceAppreciation
Mar 18, 2026

Listed (Active)

MLS PIN #73488625

$3,200,000
DateEvent & SourcePrice
03/18/2026

Listed (Active)

MLS PIN #73488625

$3,200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 71-75 Common Street

This home is within Lawrence School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 1 to 5
Public - 1 to 12
Public - 9 to 12
Rating
School
Distance
James F Hennessey School
PublicPK to 2

Oliver Elementary School
Public1 to 5

School For Exceptional Studies
Public1 to 12

Phoenix Academy Lawrence
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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71-75 Common Street is a 0.56 ac of land for sale in Lawrence, MA 01840. This property was listed for sale on March 18, 2026 by James M. Murphy, it's currently listed at $3,200,000. This listing's school district is Lawrence School District. Nearby schools include James F Hennessey School, Oliver Elementary School and School For Exceptional Studies. 71-75 Common Street is a 0-bed, 0-bath, 0.56 ac of land on a 24,393 sq. ft. / 0.56 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of James M. Murphy, Michael Chase

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.