Exceptional investment opportunity in the heart of Lake George! Situated on a rare 2.34-acre parcel, this unique property offers immediate rental income along with outstanding future development potential. The property features a 1,312 sq. ft. main residence with 2 bedrooms and 1.5 baths, plus a separate one-story building containing three private apartments--two 1-bedroom units and one 2-bedroom unit. Each apartment offers its own private entrance with separate access leading outdoors to a patio, dedicated parking, and added privacy for tenants. Perfect for investors or owner-occupants, live comfortably in the main home while generating rental income from the three apartments, or maximize the property's full investment potential. Investors will appreciate the property's public water and sewer, along with its desirable RCH (Residential Commercial High Density) zoning. With the potential for approximately 6-10 residential units (subject to municipal approvals), opportunities like this are exceptionally rare in Lake George. Large parcels with development potential within walking distance of the lake, beaches, restaurants, shopping, marinas, and all that Lake George has to offer seldom become available. Whether you're looking for an owner-occupied investment, a strong income-producing property, or a redevelopment opportunity in one of the Adirondacks' most sought-after destinations, 43 Birch Avenue presents a truly one-of-a-kind opportunity.