71-75 Common St, Lawrence MA 01840

Lawrence, MA 01840

$2,975,000

Est. $17,347/month

0.56

Acres

Residential

Type

7 minutes

Time on Market

Active Listed Jun 3, 2026 • MLS# 73528771 Copied!

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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 Overview

Property Type

Residential

Listing Type

Land

Facts & Features

Home Facts

Type Land

Style Residential

Lot Size 0.56 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features 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

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

Location

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Neighborhood

71-75 Common St, Lawrence MA 01840

Lawrence, MA 01840

Walkability

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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

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

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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.

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
06/03/2026	🏠 Listed for Sale	$2,975,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jun 3, 2026	New Listing Added	$2,975,000	—
May 1, 2026	Sold	$3,200,000	—

Market Statistics

Time on Market

7 minutes

Price per Sq Ft

$—

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

Listing Information

Listing Agent Johan Lopez

Listing Office Home Shop Properties, Inc.

Agent MLS ID G8000671

Office MLS ID AC0594

Listing Data Updated Jun 3, 2026 12:03 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.