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 (3/11)
$1,999,999
18 Adams Road, Ocean Ridge, FL 33435
4beds
4baths
2,208sqft
Est.: Get pre-qualified
Quadruplex, Multi Family, Multi Family
Built in 1959
-- sqft lot
$1,848,600 Zestimate®
$906/sqft
$-- HOA
What's special
Comfortable coastal retreatRenovated and updated bathsImpact-resistant windows and doorsStainless-steel appliancesWhite shaker cabinets
- 433 days |
- 376 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Karen E Cusenza 561-719-5637,
RE/MAX Direct
Source: BeachesMLS,MLS#: R11076354
Originating MLS: BeachesMLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Terrazzo, Vinyl
- Windows: Storm Window(s)
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,208 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio, Porch
- Exterior features: Outdoor Living Area
- Fencing: Fenced
- Has view: Yes
- View description: Garden, Other
- Waterfront features: None
Lot
- Size: 8,767 Square Feet
- Features: Sprinklers Automatic, < 1/4 Acre
Details
- Additional structures: Outbuilding
- Parcel number: 46434527130000120
- Zoning: RMM(ci
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Block, Concrete
- Roof: Concrete
Condition
- Resale
- New construction: No
- Year built: 1959
Utilities & green energy
- Electric: 3 Phase
- Sewer: Septic Tank
- Water: Multiple Meters, Public
- Utilities for property: Cable Available, Water Available
Community & HOA
Community
- Subdivision: OCEAN SHORE ESTATES
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Ocean Ridge
Financial & listing details
- Price per square foot: $906/sqft
- Tax assessed value: $982,373
- Annual tax amount: $18,160
- Date on market: 3/29/2025
- Cumulative days on market: 433 days
- Listing terms: Cash
- Tenant pays: Cable TV, Electricity, Water
- Road surface type: Paved
Estimated market value
$1,848,600
$1.76M - $1.94M
$4,817/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2026 | Price change | $1,999,999-9.1%$906/sqft |
Source: | ||
| 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: | ||
| 1/18/2022 | Listed for sale | $1,800,000+60%$815/sqft |
Source: | ||
| 1/1/2022 | Sold | $1,125,000-40.8%$510/sqft |
Source: Agent Provided Report a problem | ||
| 12/17/2021 | Listed for sale | $1,900,000+68.9%$861/sqft |
Source: | ||
| 9/23/2021 | Sold | $1,125,000$510/sqft |
Source: | ||
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% |
| 2021 | $11,648 +37.8% | $510,970 +16% |
| 2020 | $8,451 +6.8% | $440,476 +7.5% |
| 2019 | $7,916 | $409,778 -6.6% |
| 2018 | $7,916 +8.8% | $438,789 +3.6% |
| 2017 | $7,274 +4.9% | $423,677 +27.1% |
| 2016 | $6,931 +5.8% | $333,250 +6.3% |
| 2015 | $6,552 +7.7% | $313,506 -0.2% |
| 2014 | $6,085 +4.7% | $314,013 +6.5% |
| 2013 | $5,809 +8.2% | $294,893 +6.4% |
| 2012 | $5,369 -8.2% | $277,135 -6.2% |
| 2011 | $5,850 -3.7% | $295,580 -3% |
| 2010 | $6,072 -3.5% | $304,695 -5.9% |
| 2009 | $6,294 -12.1% | $323,780 -17% |
| 2008 | $7,162 +7.7% | $390,031 +6.9% |
| 2007 | $6,650 -5.5% | $364,960 +0.7% |
| 2006 | $7,035 | $362,556 +11.8% |
| 2005 | -- | $324,280 +1.6% |
| 2004 | $3,362 +1486% | $319,238 +25.7% |
| 2003 | $212 -96% | $253,952 -4.6% |
| 2002 | $5,264 +24.5% | $266,317 +24.6% |
| 2001 | $4,228 +19.2% | $213,795 +16.9% |
| 2000 | $3,546 +8.9% | $182,932 +0.6% |
| 1999 | $3,257 | $181,877 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 33435
Nearby schools
GreatSchools rating
- 3/10Forest Park Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 3/10Boynton Beach Community High SchoolGrades: PK,6-12Distance: 2.7 mi
- 3/10Congress Community Middle SchoolGrades: 6-8Distance: 2.7 mi
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A local lender can help you make sure your offer is ready when you are.
- Florida
- Palm Beach County
- Ocean Ridge
- 33435
- 18 Adams Road






