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71-75 Common St, Lawrence MA 01840 - Preview 1 71-75 Common St, Lawrence MA 01840 - Preview 2 71-75 Common St, Lawrence MA 01840 - Preview 3 71-75 Common St, Lawrence MA 01840 - Preview 4 71-75 Common St, Lawrence MA 01840 - Preview 5 71-75 Common St, Lawrence MA 01840 - Preview 6
71-75 Common St, Lawrence MA 01840 - Preview 1 71-75 Common St, Lawrence MA 01840 - Preview 2 71-75 Common St, Lawrence MA 01840 - Preview 3 71-75 Common St, Lawrence MA 01840 - Preview 4 71-75 Common St, Lawrence MA 01840 - Preview 5 71-75 Common St, Lawrence MA 01840 - Preview 6

71-75 Common St, Lawrence MA 01840

Lawrence, MA 01840
$2,975,000
Est. $17,347/month
0.56
Acres
Residential
Type
40
Days on Market
Active Listed Jun 3, 2026 • MLS# 73528771 Copied! • Updated Jun 7, 2026

About 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.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jun 3, 2026
$2,975,000
Original listing
Agent: Johan Lopez Office: Home Shop Properties, Inc.

Tax History

Year Taxes Assessment
2026 $25,244 $1,371,000

Financial Details

Annual Property Tax
$25,244
Tax Year 2026
Assessed Value
$1,371,000

Facts & Features

Home Facts

Type Land
Style Residential
Lot Size 0.56 acres

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Utilities

Electric On-site
Water Private
Sewer Public Sewer
Gas On-site
Other None
Annual Tax $25,244
Assessed Value $1,371,000
Seller Disclosures Listing Agent Is Also Owner Of This Property
Possession None
Accepted Financing None
Structure Type []
Documents Subdivision Approval, Soil Survey, Appraisal, Drawings (4)
County Essex
Total market time (incl. prior listings) 4 days

Property Overview

Property Type
Residential
Listing Type
Land

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Private
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level, Corner Lot
Road Surface:

Parking & Garage

Parking Features:

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
School District
Lawrence School District local
D
🎓 Where Graduates Go Class of 2021
36% attend college
14% 4-Year 23% 2-Year 3% Out of State 2% Working
✓ School Safety 2024-25
2.2% Average
2.2% Suspensions 1.1% In-School
↓ 3.3% below state avg
E

Elementary Schools

10 schools
B+
Community Day Charter Public School
0.4 mi | #125 of 352 | Score: 46.9
Dropped 12 spots from last year
-11.3 below state avg
1,200 students Less Diverse
Grades PK-08
F
School for Exceptional Studies
0.4 mi | #343 of 346 | Score: 17.7
Improved 40 spots from last year
-40.5 below state avg
118 students Less Diverse
Rising School
Grades PK-12
CLASS, Inc.
0.6 mi
Grades K-12
Lawrence Catholic Academy
0.8 mi
Grades PK-08
C
Lawrence Family Development Charter School
0.9 mi | #254 of 352 | Score: 36.0
Dropped 53 spots from last year
-22.3 below state avg
899 students Less Diverse
Strong Attendance
Grades PK-08
C+
Emily G Wetherbee School
1.2 mi | #235 of 352 | Score: 37.5
Improved 66 spots from last year
-20.7 below state avg
480 students Less Diverse
Rising School
Grades K-08
D
Oliver Elementary School
0.3 mi | #766 of 824 | Score: 31.2
Improved 48 spots from last year
-27 below state avg
469 students Less Diverse
Rising School
Grades K-04
F
Francis M. Leahy School
0.5 mi | #806 of 824 | Score: 26.5
Improved 27 spots from last year
-31.7 below state avg
525 students Less Diverse
Rising School
Grades PK-04
Rollins Early Childhood Center
0.5 mi
157 students Less Diverse
Grades PK-K
Lawrence Early Childhood Center
0.6 mi
205 students Less Diverse
Grades PK-K
M

Middle Schools

9 schools
Esperanza Academy
0.1 mi
Grades 05-06
F
Oliver Middle School
0.3 mi | #346 of 352 | Score: 24.3
Dropped 28 spots from last year
-33.9 below state avg
348 students Less Diverse
Grades 05-08
Blessed Stephen Bellesini O.S.A. Academy
0.7 mi
Grades 05-08
C-
Parthum Middle School
1.0 mi | #285 of 352 | Score: 32.8
Dropped 7 spots from last year
-25.4 below state avg
585 students Less Diverse
Grades 05-08
B+
Spark Academy
1.1 mi | #6 of 16 | Score: 35.8
Improved 270 spots from last year
-22.5 below state avg
443 students Less Diverse
Rising School
Grades 05-08
D
Arlington Middle School
1.2 mi | #325 of 352 | Score: 28.8
Improved 24 spots from last year
-29.4 below state avg
543 students Less Diverse
Rising School
Grades 05-08
C-
Guilmette Middle School
1.2 mi | #294 of 352 | Score: 31.8
Dropped 12 spots from last year
-26.4 below state avg
457 students Less Diverse
Grades 05-08
D
Alexander B Bruce School
1.4 mi | #331 of 352 | Score: 27.7
Dropped 7 spots from last year
-30.5 below state avg
462 students Less Diverse
Grades 03-08
C-
Frost Middle School
1.8 mi | #297 of 352 | Score: 31.7
Improved 28 spots from last year
-26.5 below state avg
508 students Less Diverse
Rising School
Grades 05-08
H

High Schools

5 schools
B-
RISE Academy
0.2 mi | #223 of 346 | Score: 66.7
Same rank as last year
74 students Less Diverse
College Ready Curriculum
Grades 06-12
B
Phoenix Academy Public Charter High School, Lawrence
0.1 mi | #182 of 346 | Score: 69.9
Same rank as last year
140 students Moderate
Career Tech Programs College Ready Curriculum
Grades 09-12
B
High School Learning Center
0.6 mi | #172 of 346 | Score: 71.1
Same rank as last year
198 students Less Diverse
Career Tech Programs College Ready Curriculum
Grades 09-12
Central Catholic High School
0.8 mi
21 sports • 2,718 athletes
Strong Athletics
Grades 09-12
C
Lawrence High School
1.3 mi | #270 of 346 | Score: 44.4
Improved 37 spots from last year
-13.8 below state avg
3,453 students Less Diverse
13 sports • 1,440 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $2,104
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

71-75 Common St, Lawrence MA 01840

Lawrence, MA 01840

Listing Information

Listing Agent Johan Lopez
Listing Office Home Shop Properties, Inc.
Office Phone 978-655-3016
Agent MLS ID G8000671
Office MLS ID AC0594
Listing Data Updated Jun 7, 2026 4:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
(617) 955-2224 mail@steve-novak.com
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BMN Boston Real Estate

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