1 / 28
INVESTMENT SNAPSHOT
About this property
**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.
Property details
| Units | 3 |
| Living area | 1,378 sqft |
| Lot size | 3,250 sqft |
| Year built | 1780 |
| Price / sqft | $616 |
| County | Essex |
| MLS # | 73507029 |
Listing status
| Days on market | 107 days |
| Listed on | April 28, 2026 |
Taxes & financials
| Annual property tax | $6,939 |
| Tax year | 2026 |
| Assessed value | $807,800 |
| Zoning | HIST |
| Gross income (actual) | $58,800/yr |
| Net operating income (actual) | $58,800/yr |
| Total actual rent | $5,000/mo |
| Electric expense | $60/yr |
| Insurance expense | $290/yr |
Building & lot
| Stories | 3 |
| Total rooms | 5 |
| Lot size | 0.07 acres |
| Garage spaces | 2 |
| Parking spaces | 4 |
| Parking | Shared Driveway, Off Street, Deeded |
| Basement | Crawl Space |
| Foundation | Stone, Granite |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Pine |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Marblehead →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 31 Mugford St., Marblehead MA 01945 have?
It is a 3-unit multi-family property with 1,378 sqft of living area, built in 1780.
How long has 31 Mugford St., Marblehead MA 01945 been on the market?
31 Mugford St., Marblehead MA 01945 has been listed for 107 days (since April 28, 2026).
What is the price per unit?
At a list price of $849,000 across 3 units, that works out to roughly $283,000 per unit.
What are the property taxes on 31 Mugford St., Marblehead MA 01945?
Annual property taxes are $6,939 (2026), on an assessed value of $807,800.
What is the price per square foot?
At $849,000 for 1,378 sqft, that's about $616 per square foot.
Is there parking?
2 garage spaces and 4 total parking spaces (shared driveway, off street, deeded).
Where is this property located?
31 Mugford St., Marblehead MA 01945 is in Marblehead, Essex County, MA 01945.
