What an AMAZING OPPORTUNITY! Seize this exceptional chance to own a multifamily quadplex in the exclusive and rapidly growing Ocean Ridge neighborhood, situated east of A1A and less than a minute's walk from deeded beach access. This multifamily quadplex presents an exceptional income-generating opportunity, is ideal for investors looking to capitalize on short term, seasonal and long-term rental demand. Situated on approximately 65' x 137' lot, this 2,700 sq. ft. quadplex, consists of four spacious 1-bedroom, 1-bathroom units, each offering a comfortable coastal retreat. 1 unit can be converted to a very spacious 2 bedroom, 1 bath unit. Unit 4 currently has an annual lease in place with tenant's paying $3,250 per month. Unit 3 currently has an annual lease in place with tenant paying $2,025 per month. New Upgrades include: Recently installed new roof (2025), impact-resistant windows and doors. All four units have been tastefully updated. Kitchens with white quartz countertops, white shaker cabinets, and stainless-steel appliances. Renovated and updated baths in all four units. Terrazzo floors in unit 4 and new vinyl flooring throughout the remaining 3 units. The property is zoned RMM Medium Density Residential, allowing for single-family and multifamilydevelopment offering potential for future expansion or redevelopment. Unbeatable Location: Less than a minute's walk to the beach, bike trails, and scenic oceanfront roads. High Rental Demand: Strong monthly, seasonal, and annual rental potential due to its prime location. Conveniently close to Downtown Delray Beach, residents enjoy easy access to top-tier dining, shopping, and entertainment. Whether you're looking to enhance your investment portfolio or create a bespoke coastal retreat, this property offers unmatched potential for income generation and future development. Don't miss out on this rare opportunity. Schedule your private showing today.
For sale
Price cut: $200K (12/5)
$2,200,000
18 Adams Road, Ocean Ridge, FL 33435
4beds
2,208sqft
Est.:
Multi Family
Built in 1959
-- sqft lot
$-- Zestimate®
$996/sqft
$-- HOA
What's special
Comfortable coastal retreatNew roofRenovated and updated bathsWhite quartz countertopsVinyl flooringImpact-resistant windows and doorsStainless-steel appliances
- 285 days |
- 410 |
- 24 |
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 09:03pm
Listed by:
Karen E Cusenza 561-719-5637,
RE/MAX Direct
Source: BeachesMLS,MLS#: RX-11076354
Originating MLS: Beaches MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Window/Wall
Cooling
- Wall/Window Unit(s), A/C Unit
Appliances
- Included: Microwave, Electric Range, Refrigerator, Range - Electric
Features
- Volume Ceiling, Kitchen, Volume Ceilings
- Flooring: Terrazzo, Vinyl
- Windows: Hurricane Windows, Impact Glass, Complete Impact Glass
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,208 sqft
Video & virtual tour
Property
Parking
- Parking features: Open, Space Parking, Open Parking
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Covered Patio, Open Patio, Open Porch, Patio, Screened Porch
- Exterior features: Auto Sprinkler
- Fencing: Fenced
- Has view: Yes
- View description: Garden, Other
- Waterfront features: None
Lot
- Size: 8,767 Square Feet
- Features: < 1/4 Acre, East of US-1
Details
- Additional structures: Extra Building
- Parcel number: 46434527130000120
- Zoning: RMM(ci
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- CBS, Concrete
- Roof: Concrete
Condition
- Resale
- New construction: No
- Year built: 1959
Utilities & green energy
- Electric: Electric Meter, Separate Electrical Meters
- Sewer: Septic Tank
- Water: Public, Separate Water Meters
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Features: None
- Subdivision: Ocean Shore Estates
Location
- Region: Ocean Ridge
Financial & listing details
- Price per square foot: $996/sqft
- Tax assessed value: $982,373
- Annual tax amount: $18,160
- Date on market: 3/29/2025
- Listing terms: Cash
- Tenant pays: Cable TV, Electricity, Water
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$6,611/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Price change | $2,200,000-8.3%$996/sqft |
Source: | ||
| 4/28/2025 | Price change | $2,400,000-4%$1,087/sqft |
Source: | ||
| 3/29/2025 | Listed for sale | $2,500,000+42.9%$1,132/sqft |
Source: | ||
| 3/2/2022 | Listing removed | -- |
Source: | ||
| 2/3/2022 | Price change | $1,750,000-2.8%$793/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $18,160 +1.6% | $968,519 +10% |
| 2023 | $17,868 +15.2% | $880,472 +10% |
| 2022 | $15,512 +33.2% | $800,429 +56.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$14,595/mo
Principal & interest
$10635
Property taxes
$3190
Home insurance
$770
Climate risks
Neighborhood: 33435
Nearby schools
GreatSchools rating
- 3/10Forest Park Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 3/10Congress Community Middle SchoolGrades: 6-8Distance: 2.7 mi
- 3/10Boynton Beach Community High SchoolGrades: PK,6-12Distance: 3 mi
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