5 Elizabeth Way Lynnfield, MA $ 2,749,000
5 Elizabeth Way
$ 2,749,000
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5 Elizabeth Way

Lynnfield, MA, 01940
$ 2,749,000
Bedrooms5 Baths5.2 Sq 6,899

Monthly Estimate*

$ 17,357

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Multi-Family Home for sale in Lynnfield, MA

for $2,749,000 with 5 bedrooms and 5 full baths, 2 half baths. This 6,899 square foot home was built in 1997 on a lot size of 0.71.

A rare opportunity for true multigenerational living on one of Lynnfield’s most desirable streets. This expansive extended Cape offers two distinct yet connected living spaces, including a full legal in-law, creating exceptional flexibility and privacy for multiple generations under one roof. The main residence is filled with natural light from oversized windows and features an eat-in kitchen, formal dining room, spacious family room with floor-to-ceiling stone fireplace and dedicated office. The private first-floor primary suite is a retreat of its own, complete with a fireplace and sitting area, two oversized walk-in closets and a spacious en-suite bath with soaking tub, glass-enclosed steam shower, dual sinks and an expansive vanity with dedicated makeup area. Additional en-suite bedroom with walk-in closet outside primary great for young kids/nursery. Upstairs, an additional en-suite bedroom with walk-in closet is joined by a large loft perfect for a playroom, media room or additional lounge. An additional bedroom and bonus room are connected by a Jack-and-Jill bath. Two unfinished attic spaces and a large unfinished basement provide exceptional storage and future potential. The legal in-law offers its own open-concept kitchen, dining and living areas, plus another impressive primary suite with private bath, large walk-in closet and dedicated office. Surrounded by mature landscaping, 5 Elizabeth Way offers a unique combination of space, privacy and versatility allowing generations to live together while maintaining independent living spaces in a sought-after Lynnfield setting. Ideally situated in a sought-after Lynnfield neighborhood, the home offers convenient access to local schools, MarketStreet Lynnfield’s shopping, dining, Whole Foods Market, fitness and entertainment, as well as nearby recreation and outdoor spaces. Easy access to I-95/Route 128 and Route 1 provides connectivity to Boston and destinations throughout the North Shore. A truly unique opportunity to combine multigenerational living, everyday convenience and an exceptional amount of flexible space in one remarkable property.

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Multi-Family Active

Price

$ 2,749,000

Bedrooms

5

Full Bath

5

Half Bath

2

Property Type

Multi-Family

Taxes

$ 26,733

Style

2 Family - 2 Units Side by Side

Lot Size

0.71

Year Built

1997

Town/City

Lynnfield

County/Region

Essex

MLS | Web ID

73585950

List By
Ricardo Rodriguez & Associates Group

Listing Agent

Coldwell Banker Realty - Boston

Broker

Affordability Calculator

$19,585
Per Month
89%
11%
0%
Monthly Principal & Interest
$17,357
Monthly Property Taxes
$2,228
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
10/2/2026$2,749,000 Listed Price

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5 Elizabeth Way, Lynnfield, MA, 01940 is a Multi-Family Home for sale at $2,749,000 with 6,899 sqft and a lot size of 0.71. 5 Elizabeth Way has 5 bedrooms, 5.2 baths, and was built in 1997. The property's zip code is 01940 which is in Lynnfield, MA