Building Details

Building Size 2,208 SF

Year Built 1959

Stories 1

Units 4

Listing Agency: c***@bellsouth.net Show Phone

Listed By: Karen E Cusenza · License #3039840 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 8 Last Checked: Aug 8 at 5:17AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Karen E Cusenza

Investment Insights

Based on property information with market context.

This multifamily quadplex is located in the Ocean Ridge neighborhood, east of A1A, and offers deeded beach access less than a minute's walk away. Situated on an approximately 65' x 137' lot, the 2,700 sq. ft. quadplex consists of four 1-bedroom, 1-bathroom units, each providing a coastal retreat. One unit can be converted into a spacious 2-bedroom, 1-bath unit. Unit 4 has an annual lease in place with tenants paying $3,250 per month, and Unit 3 has an annual lease in place with tenants paying $2,025 per month. The property is zoned RMM Medium Density Residential, allowing for single-family and multifamily development, offering potential for future expansion or redevelopment. New upgrades include a new roof (installed in 2025) and impact-resistant windows and doors. All four units have been updated with kitchens featuring white quartz countertops, white shaker cabinets, and stainless-steel appliances, as well as renovated and updated baths. Unit 4 has terrazzo floors, while the remaining three units have new vinyl flooring. The location provides convenient access to bike trails and scenic oceanfront roads and is close to Downtown Delray Beach, offering access to dining, shopping, and entertainment. This property offers potential for income generation and future development and is suitable for short-term, seasonal, and long-term rentals.

Key Highlights

• Steps to deeded beach access in the desirable Ocean Ridge neighborhood.
• Income‑generating quadplex with strong rental income potential.
• Recent upgrades include a new roof (2025) and impact‑resistant windows and doors.

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Storage Facility Furniture & Home Goods Food Market Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

791

Businesses Nearby

Explore this area Business Placement

Demographics for 33435, FL

37,318

Population

20,058

Households

1.9

Avg Household Size

45

Median Age

32%

College-Educated

85%

High-School Grad

6.5 sq mi

ZIP Area

5,741

Density / Sq Mi

$66,612

Median Household Income

$35,488

Median Earnings

$1,846

Median Rent

$306,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Income-generating quadplex near the beach in Ocean Ridge.

Where is this quadplex located?

The property is located at 18 Adams Rd Ocean Ridge, FL.

What is the asking price?

The asking price for this property is $1,974,999.

What are key features of this property?

This property features: Steps to deeded beach access in the desirable Ocean Ridge neighborhood.; Income‑generating quadplex with strong rental income potential.; Recent upgrades include a new roof (2025) and impact‑resistant windows and doors.