Ocean Ridge, FL Multifamily Homes For Sale

Exceptional investment opportunity at 14 tropical drive in ocean ridge. This unique triplex offers immediate rental income while providing incredible future upside on a rare, buildable lot in one of south florida's most sought-after beachside communities. The property includes deeded beach access, allowing owners and tenants to enjoy the pristine atlantic ocean just moments away. Whether you're looking to hold as an income-producing asset, renovate, build a custom coastal estate, or explore redevelopment potential (subject to local approvals), this property offers unmatched flexibility. Surrounded by luxury homes and tropical landscapes, 14 tropical drive is ideally located near world-class dining, shopping, marinas, golf courses, and the vibrant downtown districts of delray beach and palm beach. Opportunities combining income, a buildable homesite, and deeded beach access in ocean ridge are exceptionally rare.

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.