18 Adams Road, Ocean Ridge, FL 33435
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by: karen e cusenza
Office: re/max direct
MLS#:R11076354
Source:RMLS
Price summary
- Price:$1,999,999
- Price per sq. ft.:$740.74
About this home
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.
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Home facts
- Year built:1959
- Listing ID #:R11076354
- Added:1 day(s) ago
- Updated:February 27, 2026 at 05:45 AM
Rooms and interior
- Total bathrooms:4
- Flooring:Terrazzo, Vinyl
- Living area:2,208 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Roof:Concrete
- Year built:1959
- Building area:2,208 sq. ft.
- Lot area:0.2 Acres
- Construction Materials:Block, Concrete
- Exterior Features:Patio, Porch
- Levels:1 Story
Utilities
- Water:Public, Water Available
- Sewer:Septic Tank
Finances and disclosures
- Price:$1,999,999
- Price per sq. ft.:$740.74
- Tax amount:$18,160 (2024)
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