luxury

$1,974,999

18 Adams Road, Ocean Ridge, FL 33435

Ocean Ridge, FL, 33435

— bd · 4 ba · 2,208 sqft

Listed by RE/MAX Direct

Estimated monthly payment

$12,549/mo

Income & expenses

1 unit
Building totalsMonthlyAnnual
Gross rental income$3,250$39,000
Operating expenses (est.)$3,123$37,475
Net operating income (est.)$127$1,525

Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.

Yearly rent

$39,000

Property taxes after sale

$23,700

Florida average estimate

Insurance estimate

$9,875

South Florida average insurance estimate

$1,974,999
$1,579,999 (20% below)Asking $1,974,999

Cap rate — optimistic

0.27%

NOI $5,425/yr

Rent minus taxes, insurance and HOA.

Cap rate — conservative

0.08%

NOI $1,525/yr

Also minus 10% for vacancy, repairs and management.

Cash flow with a loan

20% · $395,000
0%50%100%
Loan payment $122,974/yr
Cash flow $-121,449/yr
Cap rate 0.08%
Cash-on-cash -30.75%
Cash flow ÷ price -6.15%

Conservative net operating income minus a 30-year loan payment at the price tested above.

Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.

Know your costs before you buy

Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.

Estimated monthly payment $12,549/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.

About this home

Find similar homes

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.

Good deal

Why we flagged this one

A transparent review of current MLS facts—not a paid placement.

  • Price reduced 21%

    The seller has come down from $2,500,000 to $1,974,999 — a $525,001 reduction since it came on the market.

  • 592 days on market

    Longer time on market usually means the seller is more open to negotiating on price and terms.

Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.

Your costs (est.)

≈ $12,549/mo

18 Adams Road, Ocean Ridge, FL 33435 · Ocean Ridge

Location

18 Adams Road, Ocean Ridge, FL 33435

Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995