71-75 Common St Lawrence — Photo 1 of 6
$2,975,000
71-75 Common St, Lawrence, MA 01840
Lawrence, MA 01840
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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.
Key facts
It was listed on June 3, 2026. The annual property taxes are $25,244 (2026 tax year). It sits on a 0.56-acre (24,393 sq ft) lot.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Questions about this home
When was 71-75 Common St, Lawrence listed?
71-75 Common St, Lawrence was listed on June 3, 2026.
Has the price of 71-75 Common St, Lawrence changed?
The price hasn't changed since it was listed at $2,975,000.
What are the property taxes for 71-75 Common St, Lawrence?
The annual property taxes for 71-75 Common St, Lawrence are $25,244 (2026 tax year).
How big is the lot at 71-75 Common St, Lawrence?
71-75 Common St, Lawrence sits on a 0.56-acre (24,393 sq ft) lot.
What is the status of 71-75 Common St, Lawrence?
71-75 Common St, Lawrence is actively listed for sale.
Population
8,522
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$42K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
97.5%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Johan Lopez
Listing Office: Home Shop Properties, Inc.
MLS® Number: 73528771
