A truly rare opportunity to own direct waterfront on Great Bay with built-in income. Set on 2-acres with a private shoreline, this unique property features four town approved separate residential units across a charming farmhouse and barn, offering flexibility for investors, owner-occupants, or future redevelopment. The main residence is a classic New England farmhouse currently configured with two units, while the barn has been converted into 2 additional dwelling units. Whether you envision maintaining it as a multi-unit investment, transforming it into a stunning single-family waterfront estate, or exploring expansion possibilities (subject to town approvals), the true value lies in the land, location, and irreplaceable water frontage. From the property, enjoy sweeping views of Great Bay's tidal waters, wildlife, and changing skies-a natural sanctuary just minutes from downtown Newmarket, Route 95, and the Seacoast. Properties with this combination of acreage, shoreline, and flexibility are exceptionally rare in the Seacoast region. Ideal for investors seeking a waterfront income property, buyers looking to create a legacy estate, or those wanting to secure a foothold on one of New Hampshire's most beautiful bodies of water.