Discover an exceptional multi-family home in charming Tannersville that perfectly balances mountain living with smart investment potential. This versatile property features three distinct living spaces designed to accommodate various lifestyle needs and income opportunities. The main house welcomes you with three comfortable bedrooms and two full bathrooms, crowned by an expansive deck that overlooks a generous backyard where morning coffee tastes better and evening gatherings naturally extend into the night. The thoughtful layout maximizes both privacy and communal spaces, creating an ideal living environment. On the lower level, you'll find a well-appointed two-bedroom, one-bathroom apartment complete with in-unit washer and dryer convenience. This self-contained space offers excellent rental potential or provides the perfect setup for flexible living arrangements. The property rounds out with a spacious studio apartment that showcases remarkable flexibility. Whether you envision a creative retreat, home office, additional rental unit, or guest accommodation, this space adapts to your ambitions. Location advantages abound in this mountain community setting. Hunter Mountain's world-class skiing awaits just eight minutes away, making winter adventures practically effortless. The neighborhood charm extends to local gems like Mama's Boy Burgers, Last Chance Antiques & Cheese Café, the scenic Tannersville Bike Path, and of course North South Lake (only 5 minutes away!) creating a lifestyle that celebrates both outdoor recreation and small-town authenticity. The location presents intriguing possibilities for commercial applications, adding another layer of potential to this already impressive property. Here's your opportunity to embrace mountain living while building equity through multiple revenue streams in one of the Catskills' most desirable communities. Projected Cap rate over 11! A 3D Walkthrough Tour is available in the digital Lookbook or by request from the listing agent.