31 Mugford St., Marblehead, MA 01945
Local realty services provided by:ERA Hart Sargis-Breen Real Estate
31 Mugford St.,Marblehead, MA 01945
$849,000
- 3 Beds
- 3 Baths
- 1,378 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Aug 1512:00 pm - 01:30 pm
Listed by: graeme jones
Office: coldwell banker realty - marblehead
MLS#:73507029
Source:MLSPIN
Price summary
- Price:$849,000
- Price per sq. ft.:$616.11
About this home
**NEW PRICE — NOW OFFERED AT $849,000.** A compelling new opportunity in the heart of Old Town Marblehead, 31 Mugford Street combines an exceptional location, historic character and flexible investment potential at an attractive new price.Set on one of Old Town’s most picturesque streets, this distinctive 1700s residence is just moments from Marblehead Harbor, yacht clubs, shops, cafes, boutiques and some of the town’s most popular restaurants. The location offers the walkability, coastal charm and neighborhood character that make Marblehead’s Historic District so highly sought after.Currently configured as a three-family property, 31 Mugford presents a variety of possibilities for investors, owner-occupants, multigenerational households or buyers looking to offset ownership costs through rental income. Two units are expected to be delivered vacant this summer, creating an opportunity for immediate occupancy, renovation, repositioning or the potential to establish new market-rate rents.The property retains the charm and character of its historic origins, with sun-filled interiors and period details throughout. Adding even greater value is a detached two-car garage, a true rarity in Old Town, which currently provides additional rental income and enhances the property’s overall investment profile.Equally appealing is the private Beacon Hill-style outdoor space, a charming and intimate retreat tucked behind the residence. With its classic urban garden feel, the space offers a peaceful setting for outdoor dining, entertaining or simply enjoying a quiet escape in the heart of Old Town.At its newly reduced price of **$849,000**, 31 Mugford Street represents an increasingly rare chance to acquire a multi-family property with multiple income streams in one of the North Shore’s most desirable seaside communities. Whether held as a long-term investment, occupied while generating rental income or thoughtfully improved over time, this is a property with location, flexibility and long-term potential....
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Home facts
- Year built:1780
- Listing ID #:73507029
- Updated:August 13, 2026 at 11:55 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:5
- Flooring:Pine, Wood
- Basement Description:Crawl Space
- Living area:1,378 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1780
- Building area:1,378 sq. ft.
- Lot area:0.07 Acres
- Construction Materials:Frame
- Exterior Features:Garden
- Foundation Description:Granite, Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$849,000
- Price per sq. ft.:$616.11
- Tax amount:$6,939 (2026)
Parking
- Total parking spaces:4
- Parking description:Deeded, Off Street, Shared Driveway
- Garage:Yes
- Garage spaces:2
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