71-75 Common St, Lawrence MA 01840
Lawrence, MA 01840
$2,975,000
Est. $17,347/month
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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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Property History
Property Timeline
Listed for Sale
Jun 3, 2026
$2,975,000
Original listing
Agent: Johan Lopez
Office: Home Shop Properties, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/03/2026 | 🏠 Listed for Sale | $2,975,000 | - | - | Original listing |
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
Financial
Annual Tax
$25,244
Assessed Value
$1,371,000
MA Disclosures
Seller Disclosures
Listing Agent Is Also Owner Of This Property
Additional Details
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
For Sale
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
Nearby Schools
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
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
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
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
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Down: $0
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Monthly Payment Breakdown
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Property Tax
$2,104
Homeowners Insurance
$200
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
71-75 Common St, Lawrence MA 01840
Lawrence, MA 01840
Listing Information
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.
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