Opportunity knocks with this incredible multi-family compound, perfectly situated on 1.39 acres in the picturesque Catskills. This legal three-unit property offers versatility, income potential, and the charm of a bygone era, all in an unbeatable location. At the heart of the property is the 1920s main house, brimming with character and awaiting your personal touch. Whether you envision a spacious single-family home with four bedrooms and two bathrooms or prefer to maintain the existing layout with a separate in-law suite, the possibilities are endless. The main floor boasts a large kitchen, formal dining room, generous living room, full bath, and a convenient laundry room. Upstairs, you'll find four bedrooms, an additional full bath, and a kitchenette, offering flexibility to suit your needs. Beautiful hardwood floors run throughout most of the home, adding warmth and timeless appeal. Adjacent to the main house is a charming cottage, currently configured as two rental units—a fantastic opportunity to generate passive income while enjoying the privacy of your own compound. Live in the main house and rent out the cottage, or transform the entire property into your dream retreat! The location is unbeatable—just moments from the Ashokan Reservoir and the famous Rail Trail, where you can immerse yourself in nature's beauty. Enjoy skiing at Belleayre, Windham, and Hunter Mountains, all within 40 minutes, or explore the vibrant nearby communities of Woodstock, Stone Ridge, and Kingston, just a short drive away. Don't miss this rare chance to own a versatile and income-producing property in one of the most sought-after areas of the Hudson Valley. The main house will be delivered vacant and is ready for your vision. Showings by appointment only. Rental units access available on second viewings. Ready to explore the potential? Schedule your tour today!