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.