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31 Mugford St., Marblehead MA 01945

$849,000

Estimated $1,955/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $283,000

Total Rent: 51600/year

Estimated CAP Rate:

3 Bedrooms

Baths

1378

Total Parking: 6 (2 Garage)

3,250 (0.07)

This weekends open house has been canceled due to the sellers having an accepted offer. **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.

This home has been viewed 11 times

Last Checked: October 9th, 2026 at 7:18am (Source: MLS PIN #73507029)

Gross Income: $51,600

Gross Expenses: $7,289

Net Income Calc: $44,311

Water Views

Annual Expenses for 31 Mugford St., Marblehead MA 01945

Total Gross Expenses (Calculated)$7,289/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6939

Annual Income & Unit Breakdown for 31 Mugford St., Marblehead MA 01945

Total Gross Income (Calculated)$51,600

Unit 1

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 31 Mugford St., Marblehead MA 01945

Listing ID73507029

Property TypeMulti Family / 3 Family

Price849000 ($616.11/SqFt)

Style3 Family - 3 Units Up/down

CityMarblehead

CountyEssex

MLS AreaOld Town

Neighborhood(s)Ipswich

Approximate Living Area Total1378

Approximate Lot Size (Acres)0.07

Total Parking6 (2 Garage)

Garage Parking2

Year Built1780

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningHIST

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 31 Mugford St., Marblehead MA 01945

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Vac In Garage. Hose Reels. Tv Wall Mounts. Japanese Maple Tree.

Financial Data SourceEstimated

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 31 Mugford St., Marblehead MA 01945

Real Estate Taxes6939

Tax Year2026

Assessed Value$807,800

Financial Data SourceEstimated

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 31 Mugford St., Marblehead MA 01945

Neighborhood(s)Ipswich

MLS AreaOld Town

Area AmenitiesWalk/jog Trails

Contact Information for 31 Mugford St., Marblehead MA 01945

Agent

Name: Graeme Jones

Office

Name: Coldwell Banker Realty - Marblehead

Phone: 781-631-9511

Payment Calculator

, Interest

Property Taxes 578.25

Principal & Interest 5231.27

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Marblehead

Graeme Jones

Agent Phone

Office Phone

(781) 631-9511

Text Agent Call Agent Call Office

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    [unparsed] => 31 Mugford St., Marblehead MA 01945
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EXIT

25 More Photos

Pending

31 Mugford St., Marblehead MA 01945

$849,000

Annual Expenses for 31 Mugford St., Marblehead MA 01945

Annual Income & Unit Breakdown for 31 Mugford St., Marblehead MA 01945

General Information for 31 Mugford St., Marblehead MA 01945

Disclosures for 31 Mugford St., Marblehead MA 01945

Financial Information for 31 Mugford St., Marblehead MA 01945

Location Information for 31 Mugford St., Marblehead MA 01945

Contact Information for 31 Mugford St., Marblehead MA 01945

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Marblehead

Graeme Jones