Active
75 Days on market
71-75 Common St Lawrence — Photo 1 of 6
$2,975,000
71-75 Common St, Lawrence, MA 01840
Lawrence, MA 01840
Beds
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SqFt
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Style
Residential
Built
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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.
Property Details
Financials
Original Price$2,975,000
Annual Taxes$25,244
Parking
Garage0
Off-Street0
Interior Specifications
Total Rooms--
FireplacesNone
Flooring--
BasementNone
Climate & Utilities
Heating--
Cooling--
WaterPrivate
SewerPublic Sewer
Building & Exterior
Construction--
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Foundation--
ZoningB3
Property & Lot
Acres0.56
SqFt Lot24,393
Lot FeaturesLevel, Corner Lot
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
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
992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Provided By
Listing Agent: Johan Lopez
Listing Office: Home Shop Properties, Inc.
MLS® Number: 73528771
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