18 Adams Road, Ocean Ridge, FL 33435 (MLS# R11076354)

18 Adams Road, Ocean Ridge, FL 33435

$1,974,999

Virtual Tour

https://www.propertypanorama.com/18-Adams-Road-Ocean-Ridge-FL-33435/unbranded

Property Type: Residential Income Square Footage: 2,700 Status: Active

Current Price: $1,974,999 List Date: 3/29/2025 Last Modified: 9/28/2026

Overview

Description

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

Supplements: $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 th ... (Read more)

Listing Details MLS# R11076354

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2700
Building Area Source: Public Records
Living Area Main: 2208
Year Built: 1959
Gated Community YN: No
Lot Size Area: 8767
Lot Size Acres: 0.2
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: Copy Of Lease(s) Electric: Three Phase Fencing: Fenced Flooring: Terrazzo; Vinyl Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Other Construction Materials: CBS; Concrete Cooling: Wall/Window Unit(s) Heating: Window/Wall Listing Terms: Cash Other Structures: Outbuilding Restrictions: No Restrictions Road Frontage Type: East of US-1; Public Road Road Surface Type: Paved Roof: Concrete Sewer: Septic Tank Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Tax Information: City/County Utilities: Cable Available; Water Available View: Garden; Other Water Access: None Water Source: Public Window Features: Storm Window(s) Showing Requirements: Appointment Only; Listing Agent Must Accompany; Schedule Online Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Covered; Patio - Open Porch Details: Porch - Open Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Interior Features: Cathedral/Vaulted Ceiling(s) Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Interior Features: Cathedral/Vaulted Ceiling(s) Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Interior Features: Cathedral/Vaulted Ceiling(s) Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen Unit 4 Appliances: Microwave; Range; Refrigerator Unit 4 Interior Features: Cathedral/Vaulted Ceiling(s) Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Open Parking; Parking Space Unit 4 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 2500000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 18
Street Name: Adams
Street Suffix: Road
City Name: Ocean Ridge
State Or Province: FL
Postal Code: 33435
Postal Zip: 33435
Subdivision Name: OCEAN SHORE ESTATES
Area: 4120
Geographic Area: PB11
Special Assessment YN: No
Parcel Number: 46434527130000120
Zoning: RMM(ci
Directions: I95 to Woolbright, east to A1A, North on A1A to Adams Rd on the right.
Multiple Offers Accepted: No

Financial Information

Tax Annual Amount: 18160.2
Tax Year: 2024
Tax Legal Description: OCEAN SHORE ESTATES (UNREC) LT 12 & UND INT IN LT B

Status Change Information

Major Change Timestamp: 2026-07-28T13:00:34Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-28T13:00:34Z
Status Change Date: 2025-03-29

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Storm Protection

Impact Glass: Complete

Unit 1 Details

Baths Full: Yes
Furnished: Unfurnished
SqFt: 500

Unit 2 Details

Baths Full: Yes
Furnished: Furnished
SqFt: 500

Unit 3 Details

Actual Rent: 2025
Baths Full: Yes
SqFt: 500

Unit 4 Details

Actual Rent: 3250
Baths Full: Yes
SqFt: 708

Price Calculations

Current Price To SqFt: 905.79

Originating Details

Originating System Key: 20241103114715386611000000
Originating System ID: M00000170

Listing Office: RE/MAX Direct

Last Updated: September - 28 - 2026

Broker Attribution: 561-719-5637

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