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Active Under Contract

5 Elizabeth Way, Lynnfield MA 01940

$2,749,000

Estimated $6,685/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $1,374,500

Total Rent: 0/year

Estimated CAP Rate:

5 Bedrooms

Baths

6899

Total Parking: 16 (4 Garage)

30,871 (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.

This home has been viewed 40 times

Last Checked: October 27th, 2026 at 8:23am (Source: MLS PIN #73585950)

Gross Income: $0

Gross Expenses: $26,733

Net Income Calc: $26,733

Annual Expenses for 5 Elizabeth Way, Lynnfield MA 01940

Total Gross Expenses (Calculated)$26,733/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax26733

Annual Income & Unit Breakdown for 5 Elizabeth Way, Lynnfield MA 01940

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms3 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full, 1 Half

Floor1

Levels in Unit3

Rent Includes

General Information for 5 Elizabeth Way, Lynnfield MA 01940

Listing ID73585950

Property TypeMulti Family / 2 Family

Price2749000 ($398.46/SqFt)

Style2 Family - 2 Units Side By Side

CityLynnfield

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total6899

Approximate Lot Size (Acres)0.71

Total Parking16 (4 Garage)

Garage Parking4

Year Built1997

Year Built SourcePublic Records

Year Built DetailsActual,Renovated Since

WaterPublic

SewerPrivate Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 5 Elizabeth Way, Lynnfield MA 01940

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceMeasured

Title 5B

ExclusionsAppliances

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 5 Elizabeth Way, Lynnfield MA 01940

Real Estate Taxes26733

Tax Year2026

Assessed Value$2,332,700

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 5 Elizabeth Way, Lynnfield MA 01940

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 5 Elizabeth Way, Lynnfield MA 01940

Agent

Name: Ricardo Rodriguez & Associates Group

Office

Name: Coldwell Banker Realty - Boston

Phone: 617-266-4430

Team Members

Payment Calculator

, Interest

Property Taxes 2227.75

Principal & Interest 16938.46

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Boston

Ricardo Rodriguez & Associates Group

Agent Phone

Office Phone

(617) 266-4430

Text Agent Call Agent Call Office

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EXIT

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