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$2,975,000

71-75 Common St, Lawrence MA 01840
Lawrence, MA 01840
Listed by Johan Lopez
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

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.

Highlights

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Property details

MLS #
73528771
Property type
Residential
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.56 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Oliver Partnership School
0.3 mi away · Grades 1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
461
Student:teacher ratio
12.8:1
District
Lawrence
Middle
UP Academy Leonard Middle School
0.2 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
340
Student:teacher ratio
12.6:1
District
Lawrence
HighCharter
Phoenix Academy Public Charter High School Lawrence
0.12 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
138
Student:teacher ratio
12.5:1
District
Phoenix Academy Public Charter High School Lawrence (Distric

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Est. monthly payment
$18,066/mo
$595,000 down
$2,380,000 loan
Principal & interest$15,437
Property tax (est.)$2,479
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 7, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.