18 Adams Road, Ocean Ridge, FL 33435

$1,974,999 — Active

Property Features

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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.

▼ Price Reduced — originally listed at $2,500,000

Property Details

  • Listing ID: R11076354
  • Status: Active
  • Listing Date: 2025-03-29
  • Property Type: Quadruplex
  • Subdivision: OCEAN SHORE ESTATES
  • County: Palm Beach
  • MLS Area: 4120
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 2,208
  • Year Built: 1959

Financial

  • List Price: $1,974,999
  • Original List Price: $2,500,000
  • HOA Fee: None
  • Taxes: $18,160/yr

Features & Amenities

  • View: Garden, Other
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall
  • Flooring: Terrazzo, Vinyl
  • Construction: Concrete, CBS
  • Roof: Concrete
  • Community Amenities: None

Courtesy of RE/MAX Direct
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© 2026 Starfish Real Estate. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.