71-75 Common St, Lawrence MA 01840

Lawrence, MA 01840

$2,975,000

$2,900,000

Est. $16,968/month

Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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0.56

Acres

Residential

Type

142

Days on Market

For Sale Price Drop -$75,000 Listed Jun 3, 2026 • MLS# 73528771 Copied! • Updated Oct 14, 2026

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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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Recently Sold Nearby

Price & Status History

Market Insights

1

Price Changes

2.5%

Price Range

Property Timeline

↓

Price Reduced

Oct 10, 2026

$2,900,000 $75,000 (-2.52%)

From $2,975,000 to $2,900,000 (-2.5%)

🏠

Listed for Sale

Jun 3, 2026

$2,975,000

Original listing

Agent: Johan Lopez Office: Home Shop Properties, Inc.

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
10/10/2026	↓ Price Reduced	$2,900,000	$75,000	-	From $2,975,000 to $2,900,000 (-2.5%)
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) 133 days

Property Overview

Property Type

Residential

Listing Type

For Sale

Floor Layout

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Structure Type:

Exterior Materials:

Roof:

Foundation:

Utilities & Systems

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

E

Elementary Schools

3 schools

D

Oliver Elementary School

0.3 mi | #762 of 825 | Score: 31.5

Improved 52 spots from last year

-26.7 below state avg

448 students Less Diverse

Rising School

Grades K-04

B+

Community Day Charter Public School

0.4 mi | #126 of 352 | Score: 47.1

Dropped 13 spots from last year

-11.2 below state avg

1,198 students Less Diverse

Strong Attendance

Grades PK-08

F

School for Exceptional Studies

0.4 mi | #344 of 346 | Score: 16.3

Improved 39 spots from last year

-41.9 below state avg

114 students Less Diverse

Rising School

Grades PK-12

M

Middle Schools

3 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

466 students Less Diverse

Grades 05-08

Blessed Stephen Bellesini O.S.A. Academy

0.7 mi

Grades 05-08

H

High Schools

3 schools

B

Phoenix Academy Public Charter High School, Lawrence

0.1 mi | #182 of 346 | Score: 69.9

Same rank as last year

133 students Moderate

Career Tech Programs College Ready Curriculum

Grades 09-12

B-

RISE Academy

0.2 mi | #223 of 346 | Score: 66.7

Same rank as last year

105 students Less Diverse

College Ready Curriculum

Grades 06-12

B

High School Learning Center

0.6 mi | #172 of 346 | Score: 71.1

Same rank as last year

158 students Less Diverse

Career Tech Programs College Ready Curriculum

Grades 09-12

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Loan Term 30 years 15 years

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

Total interest 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 Oct 14, 2026 3:05 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

Steve Novak Real Estate

BMN Boston Powered by SERHANT

mail@steve-novak.com

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