Skip main navigation
For sale
  • Price cut: $200K (3/11)
    $1,999,999

    18 Adams Road, Ocean Ridge, FL 33435

    4beds
    4baths
    2,208sqft
    : 
    Quadruplex, Multi Family, Multi Family
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $906/sqft
    $-- HOA

    What's special

    Comfortable coastal retreatRenovated and updated bathsImpact-resistant windows and doorsStainless-steel appliancesWhite shaker cabinets
    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.
    381 days
    |
    546
    |
    24
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Karen E Cusenza 561-719-5637,

    RE/MAX Direct

    Source: BeachesMLS,MLS#: R11076354MLS LogoOriginating 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: 381 days
      • Listing terms: Cash
      • Tenant pays: Cable TV, Electricity, Water
      • Road surface type: Paved
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $4,348/mo

        Price history

        Price history
        DateEventPrice
        3/11/2026Price change$1,999,999-9.1%$906/sqft
        Source: BeachesMLS #R11076354 Report a problem
        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
        1/18/2022Listed for sale$1,800,000+60%$815/sqft
        Source: BeachesMLS #RX-10765324 Report a problem
        1/1/2022Sold$1,125,000-40.8%$510/sqft
        Source: Agent Provided Report a problem
        12/17/2021Listed for sale$1,900,000+68.9%$861/sqft
        Source: BeachesMLS #RX-10765324 Report a problem
        9/23/2021Sold$1,125,000$510/sqft
        Source: BeachesMLS #R10729814 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%
        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
        $12,800/mo
        Principal & interest
        $9900
        Property taxes
        $2900
        More affordability tools

          Climate risks

          Neighborhood: 33435

          Getting around

          31 / 100
          Car-Dependent
          50 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          A local agent can set up tours, give advice and negotiate with sellers.

          A local lender can help you make sure your offer is ready when you are.

          Browse local experts

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel