A compelling investment opportunity with tenants in place, just two blocks from the heart of East Hampton Village. Tucked away on a quiet dead-end street, this unique property offers two CO'd residences on one lot, creating exceptional flexibility for rental income, personal use, or future enhancement. The front cottage (1183 SF +/-) features an enclosed porch, kitchen, two bedrooms, one bath, separate laundry and basement accessible through bilco doors. Outside is a fenced yard with patio. Positioned at the rear of the property, is a two-story carriage house (866 SF +/-) with a ground-level kitchen and living room, while the 2nd floor offers 3 bedrooms and office. Owner has proposed plans for the front cottage. Whether you're seeking an income-producing investment, or a multi-use retreat, this unique compound offers remarkable versatility, an excellent rental history, all within easy reach of East Hampton Village's shops, restaurants, transportation, and ocean beaches - a rare opportunity to invest in one of the Hamptons' most sought-after locations.