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101 Days on market
71-75 Common St Lawrence — Photo 1 of 6

71-75 Common St Lawrence — Photo 1 of 6

$2,975,000

Investment Analysis — 71-75 Common St

Lawrence, MA 01840

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a home in 01840 carries an estimated $1,390/mo in gross rent — about a -0.42% cap rate and $-12,567/yr in estimated NOI at the $2,975,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

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Residential

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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.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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--
Roof--
Foundation--
ZoningB3

Property & Lot

Acres0.56
SqFt Lot24,393
Lot FeaturesLevel, Corner Lot

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Listing Provided By

Listing Agent: Johan Lopez

Listing Office: Home Shop Properties, Inc.

MLS® Number: 73528771