71-75 Common St

24,393 / 0.56
Lot Size / Acres

Description

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...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.
  1. Listed by Johan Lopez • Home Shop Properties, Inc.

Property Details for 71-75 Common Street

Town
Lawrence
Area
MA-Lawrence
LISTING UPDATED: 06/07/2026 04:07 AM

Property Details for 71-75 Common Street

StatusActive
MLS #73528771
Days on Market5
Taxes$25,244 / year
HOA Fees-
Property TypeLand
MLS TypeLand / Residential
Year Built-
CountyEssex County

Location

Listing Courtesy of Home Shop Properties, Inc., Johan Lopez
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Building Information for 71-75 Common Street

Lot Size0.56 AC

Payment Calculator

$16,928 per month

30 year fixed, 6.36% Interest

Principal and Interest

$14,825

Property Taxes

$2,104

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 71-75 Common Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other (See Remarks)
  • Waterfront: No
Features
Interior Features
  • Bathrooms Total Integer: 0
Exterior Features
  • Exterior Features: City View(s)
  • Lot Description: Level, Corner Lot
  • View: City
  • View: Yes
Utilities
  • Electric: On-Site
  • ElectricOnPropertyYN: Yes
  • Gas: On-Site
  • Sewer: City/Town Sewer
  • Water: Private
Property Information
Property Info
  • Documents Available: Subdivision Approval, Soil Survey, Appraisal, Drawings
  • Documents Count: 4
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Listing agent is also owner of this property
Tax Information
  • Assessments: $1,371,000
  • Book: 0
  • Tax Year: 2026
  • Zoning: B3
Building / Association Information
Complex & Association Information
  • Adult Community: No

Property History for 71-75 Common Street

DateEvent & SourcePriceAppreciation
Jun 3, 2026

Listed (Active)

MLS PIN #73528771

$2,975,000
Apr 30, 2026

Expired

MLS PIN #73488625

$3,200,000
Apr 7, 2026

Temporarily Withdrawn

MLS PIN #73488625

$3,200,000
DateEvent & SourcePrice
06/03/2026

Listed (Active)

MLS PIN #73528771

$2,975,000
04/30/2026

Expired

MLS PIN #73488625

$3,200,000
04/07/2026

Temporarily Withdrawn

MLS PIN #73488625

$3,200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 71-75 Common Street

This home is within Lawrence School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 1 to 5
Public - 1 to 12
Public - 9 to 12
Rating
School
Distance
James F Hennessey School
PublicPK to 2

Oliver Elementary School
Public1 to 5

School For Exceptional Studies
Public1 to 12

Phoenix Academy Lawrence
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

71-75 Common Street is a 0.56 ac of land for sale in Lawrence, MA 01840. This property was listed for sale on June 3, 2026 by Home Shop Properties, Inc., it's currently listed at $2,975,000. This listing's school district is Lawrence School District. Nearby schools include James F Hennessey School, Oliver Elementary School and School For Exceptional Studies. 71-75 Common Street is a 0-bed, 0-bath, 0.56 ac of land on a 24,393 sq. ft. / 0.56 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Home Shop Properties, Inc., Johan Lopez

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.