71-75 Common Street Lawrence, MA ^$ 3,200,000

71-75 Common Street

^$ 3,200,000

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71-75 Common Street

Lawrence, MA, 01840

^$ 3,200,000

Studio Baths0.0

Monthly Estimate*

^$ 19,703

Studio

Lots and Land for sale in Lawrence, MA

for $3,200,000. The lot size is 0.56.

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.

Lots and Land Active

Price

^$ 3,200,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 25,244

Style

Underground Storage Tank

Lot Size

0.56

Town/City

Lawrence

County/Region

Essex

MLS | Web ID

73488625

List By

Michael Chase

Listing Agent

James M. Murphy

Broker

Affordability Calculator

$21,807

Per Month

Monthly Principal & Interest: $19,703
Monthly Property Taxes: $2,104
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Lots and land listings in Lawrence, MA

Average List Price ^$0

Percent of Sale Price 100%

About Lawrence, MA

81,636 Population

13% Since 2002

^$37,342 Median Income

34 Median Age

35% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
3/18/2026	$3,200,000		Listed Price

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71-75 Common Street, Lawrence, MA, 01840 is a Lots and Land for sale at $3,200,000 with a lot size of 0.56. 71-75 Common Street is a studio with 0.0 baths. The property's zip code is 01840 which is in Lawrence, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 3/20/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.

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71-75 Common Street

Lots and Land for sale in Lawrence, MA

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