Two-family water-view property offering exceptional versatility and income potential in the heart of City Island. The property features two large decks, a private backyard, driveway, and one-car garage. The fully separate first-floor one-bedroom apartment provides an excellent opportunity for rental income or extended family living. This unit offers a spacious living room, a large bedroom, and a bright eat-in kitchen with direct access to a deck and backyard. A private ground-level entrance and foyer ensure complete separation from the upper residence. The second and third floors comprise the owner's unit, featuring four bedrooms, 1.5 bathrooms, a bay-windowed living room, and a generous eat-in kitchen. The home retains many prewar details, including French doors, transom windows, high ceilings, hardwood floors, and a decorative fireplace with wood-burning stove. A large deck off the living room offers water views and provides additional outdoor living space. Located in the coastal community of City Island, offering easy access to local shops, dining, yacht clubs, beaches, and transportation.