Proudly offered for the first time in over 35 years, this meticulously maintained three-family residence presents a rare opportunity to own a versatile income-producing property in the heart of the Catskills. Set on approximately 0.69 acres, the home offers 4,278 square feet of thoughtfully designed living space with three well-appointed units, making it ideal for investors, owner-occupants, or multi-generational living. Lovingly cared for by the same family for more than three decades, the property reflects true pride of ownership throughout. Unit 1 spans two levels and features 3 bedrooms, 2 full bathrooms, a welcoming living room with a wood-burning stove, a formal dining room, and an eat-in kitchen. Units 2 and 3 each offer 2 bedrooms, 1 full bathroom, spacious living rooms, and eat-in kitchens, providing comfortable layouts and excellent rental potential. Additional highlights include separate entrances, a full basement with abundant storage and utility space, a covered rear patio, ample off-street parking, and a generous yard offering plenty of outdoor space to enjoy. Ideally situated in the picturesque Catskills, the property is just a short drive from the vibrant city of Hudson, known for its award-winning restaurants, boutique shopping, art galleries, farmers' markets, and year-round events. The nearby Hudson Amtrak Station provides convenient rail service to New York City, making weekend getaways or commuting a breeze. Outdoor enthusiasts will appreciate easy access to hiking, skiing, golf, lakes, and the region's many scenic attractions. Whether you're seeking a strong investment opportunity, the flexibility of owner-occupied living with rental income, or a home that accommodates a variety of living arrangements. 40 Grandview Avenue offers an exceptional combination of space, versatility, location, and long-term value. A rare opportunity to own a thoughtfully maintained multifamily property in one of the Hudson Valley and Catskills' most desirable and growing destinations.
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Shared Driveway, On Street, Driveway
Washer, Refrigerator, Oven, Dryer, Dishwasher
Ceiling Fan(s), Separate Meters, Window Unit(s)
Back Yard, Front Yard, Garden, Landscaped
The data relating to real estate on this website comes in part from the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Flemming Realty are marked with IDX logo and the detailed information about them includes the name of the listing broker.
Copyright © 2026 by the Multiple Listing Service of Ulster County, Inc. All Rights Reserved.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.