For sale

$2,900,000

Est. $18,760/mo

Land

•

0.56

acre (lot)

71-75 Common St, Lawrence, MA 01840

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.

Vacant landProperty Type

0.56 acresLot Size

$5,178,571Price/Acres

Listed by Johan Lopez • Home Shop Properties, Inc.

Listed by • Home Shop Properties, Inc.

Listing updated: Oct 14, 2026 at 03:09am

Redfin checked: 2 minutes ago

•Source:MLS PIN #73528771

Payment calculator

$18,760 per month

Principal and interest$16,222

Property taxes

$2,104

HOA dues

Home insurance

$435

Utilities

Add

Affordability tools

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN THU, 11:30AM TO 1PM
$749,900
3 beds1.5 baths2,004 sq ft
36 Pleasant St, North Reading, MA 01864
OPEN THU, 4PM TO 6PM
$700,000
3 beds1.5 baths1,643 sq ft
36 Oakdale Rd, Wilmington, MA 01887
OPEN THU, 4PM TO 6PMVIDEO TOUR
$1,075,000
4 beds3.5 baths3,200 sq ft
59 Bannan Dr, North Andover, MA 01845
OPEN FRI, 5PM TO 7PM
$589,900
3 beds2 baths1,584 sq ft
17 Dundee St, Lowell, MA 01850
OPEN SAT, 10AM TO 12PM
$399,900
2 beds1.5 baths2,244 sq ft
36 Casablanca Ct #36, Haverhill, MA 01832
OPEN SAT, 12PM TO 2PM
$715,000
4 beds2 baths2,377 sq ft
27 Charme Rd, Tewksbury, MA 01876
OPEN SAT, 12PM TO 2PM
$449,000
2 beds2 baths1,660 sq ft
79 Farrwood Dr #79, Haverhill, MA 01835
OPEN SAT, 1PM TO 2:30PM
$450,000
4 beds1 bath1,434 sq ft
53 Seventeenth St, Lowell, MA 01850
REDFIN OPEN SUN, 11AM TO 1PM3D WALKTHROUGH
$509,900
3 beds2 baths1,984 sq ft
316 Emery St, Dracut, MA 01826
OPEN SUN, 11:30AM TO 1:30PM
$539,900
2 beds2 baths1,600 sq ft
1300 Lakeview Ave, Dracut, MA 01826

Around this home

Schools

K - 12
Preschool & daycare

Rollins Early Childhood Center

Public PreK-K • Assigned • 0.5mi

Up Academy Leonard Middle School

Public 6-8 • Assigned • 0.2mi

4/10

Provided by GreatSchools

About North

Common

North Common, located between the Merrimack River and Broadway, is a historic and civic Lawrence neighborhood with a central green and mill-era streetscapes. The neighborhood’s character concentrates around the North Common park edge near Broadway, where corner bodegas, bakeries, and small eateries meet the steady rhythm of buses and foot traffic. Triple-deckers and brick institutional buildings frame compact blocks, while the Common’s paths and ballfields set a daily outdoor cadence. The Lawrence Heritage State Park visitor center and canal walks add an industrial-history backdrop. Nearby, the Essex Art Center and the Lawrence Public Library anchor arts and learning. Cafes and taquerias along Broadway keep the streets active from morning through late evening.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Has city view

Sale and tax history for 71-75 Common St

Sale History
Tax History

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

9,583 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Parking

County

Essex County

APN

4202729

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 19, 2023.

B-3

Main Business District

To permit commercial and retail uses in the downtown business area and surrounding areas; to ensure pleasant, healthy, and safe environment for retail sales and services; and to encourage pedestrian use of retail facilities.

Permitted uses

Include but are not limited to:

Agriculture
Bank
Convenience store
Day care facility
General retail
Restaurant
Housing-Group
Mixed use
Office
Public service

Climate risks

Flood Factor

We're working on getting current and accurate flood risk information for this home.

Fire Factor

We're working on getting current and accurate fire risk information for this home.

5/10 Heat Factor

7 hot days expected this year, 17 days in 30 years

Wind Factor

We're working on getting current and accurate wind risk information for this home.

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Lawrence, MA • 01840

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 71-75 Common St

$2,505,528

$394K under list price of $2.90M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $575K to $959K.

SOLD SEP 25, 2026
$700,000 Last sold price
3 beds2.5 baths3,662 sq ft
1 Alderbrook Ln, Methuen, MA 01844
smaller lot
finished basement
SOLD SEP 11, 2026
$862,750 Last sold price
5 beds2.5 baths3,039 sq ft
11 Brookside Ct, Methuen, MA 01844
larger lot
finished basement
SOLD AUG 17, 2026
$763,500 Last sold price
3 beds2.5 baths1,920 sq ft
163 Old Ferry Dr, Methuen, MA 01844
larger lot
basement
SOLD AUG 17, 2026
35 Harmony Ln, Methuen, MA 01844
$959,000 Last sold price
4 beds3.5 baths3,740 sq ft
35 Harmony Ln, Methuen, MA 01844
finished basement
SOLD SEP 4, 2026
$750,000 Last sold price
4 beds3 baths4,865 sq ft
10 Stevens St, Methuen, MA 01844
smaller lot
basement
SOLD OCT 2, 2026
$575,000 Last sold price
4 beds2 baths1,769 sq ft
133 Pleasant Valley St, Methuen, MA 01844
larger lot
basement

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Early Access listings

EARLY ACCESSCOMPASS COMING SOON

$539,000

3 beds2 baths1,104 sq ft

11 Regis Rd, E Falmouth, MA 02536

EARLY ACCESSCOMPASS COMING SOON

$2,500,000

3 beds4 baths2,462 sq ft

136 Banks St, Cambridge, MA 02138

EARLY ACCESSCOMPASS COMING SOON

$1,325,000

2 beds1 bath914 sq ft

623 Tremont St #2, Roxbury, MA 02118

EARLY ACCESSCOMPASS COMING SOON

$599,000

2 beds2 baths831 sq ft

332 Jamaicaway #403, Jamaica Plain, MA 02130

EARLY ACCESSCOLDWELL BANKER REALTY COMING SOON

$549,900

3 beds2 baths2,496 sq ft

326 Highland St, Stoughton, MA 02072

EARLY ACCESSCOMPASS COMING SOON

Contact for price

5 beds5 baths4,915 sq ft

391 Highland St, Milton, MA 02186

Nearby similar homes

$1,999,900

5 beds3.5 baths5,554 sq ft

136 Quail Run, North Andover, MA 01845

$580,000

Land— sq ft

0 Hudson, Lawrence, MA 01841

$249,900

Land— sq ft

687 Jackson St, Methuen, MA 01844

$549,000

5 beds2 baths2,254 sq ft

129 Forest St, Haverhill, MA 01832

VIDEO TOUR

$2,950,000

5 beds5.5 baths4,977 sq ft

216 Greenwood Rd, Andover, MA 01810

$249,900

Land— sq ft

115 West St, Methuen, MA 01844

New listings for sale in 01840

NEW 30 HRS AGO

$2,190,000

12 beds6.5 baths7,175 sq ft

265 Essex St, Lawrence, MA 01840

$6,600,000

64 beds34 baths60,243 sq ft

11-21 Lawrence St, Lawrence, MA 01840

Details provided by MLS PIN and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 71-75 Common St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 71-75 Common St

Early Access listings

Nearby similar homes

New listings for sale in 01840

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