Date
Details
Price
Change
Source
3/18/2026
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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.
Full Property Details
Full Property Details for 71-75 Common St
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General
- Price: $3,200,000
- Taxes: $25,244 (2025)
- Status: Active
- Type: Land Residential
- MLS ID: 73488625
- Updated: 3/22/2026
- Added to Site: 5 day(s) ago
Location
- County: Essex
Lot Features
- Lot Size (Acres): 0.56
Financial Considerations
- Tax Amount: $25,244
- Tax Year: 2025
Listed by James M. Murphy, Michael Chase
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Listing agent
— 71-75 Common St —
Michael Chase
James M. Murphy
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 71-75 Common St
Tax History
Tax History for 71-75 Common St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,106
3%
$386,000
8%
2024
$6,911
5%
$356,800
14%
2023
$6,600
-2%
$312,200
12%
2022
$6,735
-2%
$278,200
7%
2021
$6,848
1%
$259,500
3%
2020
$6,772
4%
$252,700
13%
2019
$6,526
-1%
$224,500
5%
2018
$6,608
-3%
$214,400
5%
2017
$6,842
3%
$203,700
4%
2016
$6,632
4%
$196,500
—
2015
$6,372
-5%
$196,500
-1%
2014
$6,693
—
$198,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 71-75 Common St
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 3,694Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 3,302Sq. Ft.
Listed by Carla Burns (978) 376-5448
- Condo
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,259Sq. Ft.
- Single Family
- Active
- Updated 11 hours ago
- 3Beds
- 2Total Baths
- 1,566Sq. Ft.
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- Townhouse
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 1,905Sq. Ft.
- Townhouse
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 2,654Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 3,202Sq. Ft.
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71-75 Common Street, Lawrence, MA 01840 (MLS# 73488625) is a Land Residential property with a lot size of 0.56 acres. 71-75 Common Street is currently listed for $3,200,000 and was received on March 18, 2026. Want to learn more about 71-75 Common Street? Do you have questions about finding other Land Residential real estate for sale in Lawrence? You can browse all Lawrence real estate or contact a Coldwell Banker agent to request more information.