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For sale
  • Price cut: $200K (12/5)
    $2,200,000

    18 Adams Road, Ocean Ridge, FL 33435

    4beds
    2,208sqft
    : 
    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
    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.
    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-11076354MLS LogoOriginating 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
    Get pre-qualifiedBe ready to make an offer.
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $6,611/mo

    Price history

    Price history
    DateEventPrice
    12/5/2025Price change$2,200,000-8.3%$996/sqft
    Source: BeachesMLS #RX-11076354 Report a problem
    4/28/2025Price change$2,400,000-4%$1,087/sqft
    Source: BeachesMLS #RX-11076354 Report a problem
    3/29/2025Listed for sale$2,500,000+42.9%$1,132/sqft
    Source: BeachesMLS #RX-11076354 Report a problem
    3/2/2022Listing removed--
    Source: William Raveis Real Estate, Mortgage & Insurance Report a problem
    2/3/2022Price change$1,750,000-2.8%$793/sqft
    Source: BeachesMLS #RX-10765324 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

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