Welcome to 135 Water Street, nestled in Warren's vibrant Historic Waterfront District! Just steps from the East Bay Bike Path, boutique shops, galleries, and restaurants, this property seamlessly blends character with convenience. This recently updated multifamily home retains its natural beauty and offers modern comforts. The first-floor unit, freshly painted with refinished floors, includes 2 bedrooms, 1 full bath, in-unit laundry, and an updated kitchen. The second unit boasts 3 bedrooms, 1 bath, beautifully refinished pine hardwood floors, new kitchen flooring and appliances, and a fresh coat of paint throughout. Each spacious unit is drenched in natural light, providing ample room for comfortable living. Additional highlights include a 90% updated finished basement with bonus living space, a private yard, three fireplaces, a large common space, storage, replacement windows, and off-street parking for five vehicles. Whether you're looking to reside in one unit and rent the other, or seeking a strong addition to your investment portfolio, this home meets all expectations. Don't miss the rare opportunity to own a piece of Warren's history with modern updates and prime walkability.