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ICONO Tower 71-75 Common St 60 Unit Apartment Building $4,104,875 CAD ($68,415 CAD/Unit) Lawrence, MA 01840
Investment Highlights
- Approved for 2.5mil of HDIP Tax Credits
- 60-Units
- Approved Project in Downtown
Executive Summary
Fully Approved 60-Unit Residential Site with $2.5M HDIP Tax Credit Included.
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.
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.
Property Facts
| Price | $4,104,875 CAD | Building Class | B |
| Price Per Unit | $68,415 CAD | Lot Size | 0.55 AC |
| Sale Type | Investment or Owner User | Construction Status | Proposed |
| Sale Condition | Redevelopment Project | Building Size | 105,313 SF |
| No. Units | 60 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | B3 - B3 Zoning, Reviviendo Overlay District, HDIP Map, | ||
| Price | $4,104,875 CAD |
| Price Per Unit | $68,415 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.55 AC |
| Construction Status | Proposed |
| Building Size | 105,313 SF |
| No. Stories | 6 |
| Year Built | 2026 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B3 - B3 Zoning, Reviviendo Overlay District, HDIP Map, |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Fitness Center
- Disposal Chutes
- Package Service
- Recycling
- Car Charging Station
- Elevator
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | LAWR-000086-000000-000034 | Improvements Assessment | $30,358 CAD |
| Land Assessment | $318,757 CAD | Total Assessment | $349,115 CAD |
Property Taxes
Parcel Number
LAWR-000086-000000-000034
Land Assessment
$318,757 CAD
Improvements Assessment
$30,358 CAD
Total Assessment
$349,115 CAD
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ICONO Tower | 71-75 Common St
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