Price Reduced 20.00%
Price History
$2,500,000
3/29/2025
$2,400,000
4/28/2025
$2,200,000
12/5/2025
$1,999,999
2/5/2026
18 Adams Road, Ocean Ridge, FL, 33435
4 Full baths
1959
2,208 sqft
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
RMM(ci
Subdivision:
OCEAN SHORE ESTATES
Heating:
Window/Wall
Cooling:
Wall/Window Unit(s)
Acreage:
0.2
Est. Taxes:
$18,160
Construction
Concrete, CBS
Utilities
Cable Available, Water Available
View Description:
Garden, Other
Amenities:
None
Days on Market:
409
Owner Pays:
Cable TV, Electricity, Water
MLS #:
R11076354
Community Info
School Info
Walk Score
Yelp
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