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Dacey McGovern

daceymcgovern@gmail.com +1(617) 366-9353

$ 849,000

Est. payment | -/mo

3 Beds

3 Baths

1,378 SqFt

Save

$ 849,000

Est. payment | -/mo

Save

3 Beds

3 Baths

1,378 SqFt

Key Details

Property Type Multi-Family

Sub Type 3 Family - 3 Units Up/Down

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,378 sqft

Price per Sqft $616

MLS Listing ID 73507029

Bedrooms 3

Full Baths 3

Year Built 1780

Annual Tax Amount $6,939

Tax Year 2026

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type 3 Family - 3 Units Up/Down

Property Description

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.

Location

State MA

County Essex

Area Old Town

Zoning HIST

Direction Washington St. to Mugford St.

Rooms

Basement Crawl Space

Interior

Flooring Wood, Pine

Fireplaces Number 4

Exterior

Exterior Feature Garden

Garage Spaces 2.0

Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Laundromat, Bike Path, House of Worship, Public School

Waterfront Description Harbor,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle

Total Parking Spaces 6

Garage Yes

Building

Story 3

Foundation Stone, Granite

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Coldwell Banker Realty - Marblehead

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(617) 366-9353

daceymcgovern@gmail.com

361 Newbury St, Boston, MA 02115, USA

Learn More About LPT Realty

31 Mugford St. Marblehead, MA 01945