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2,200,000(-9.09% )
2,208SqFt
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Status:
Active
Size: 2,208 SqFt (205 m2)
Price: $906/SqFt ($9,750/m2)
Type: Multi Family
Built: 1959
MLS Number: R11076354
View: Garden,Other
On Site: 334 Days
Updated: 5 Days ago
Page Views: 0
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.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: OutdoorLivingArea
      • View: Garden,Other
      Interior, Heating and Cooling
      • Heating Description: WallFurnace
      • Cooling Description: WallWindowUnits
      Building and Construction
      • Floor Description: Terrazzo,Vinyl
      • Windows/Treatment: StormWindows
      • Construction Type: Quadruplex
      • Year Built: 1959
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2025-03-28T20:00:00.000-00:00
        Taxes, Fees & More
        • Taxes: 18160.2
        • Total Units in Complex: 4
        Apples-to-Apples Comparables
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        Price History
        02/04/2026
        Date
        Price Reduced
        Event
        $2M
        Price
        -9.09%
        Change Rate
        $906 ft2 / $9,750 m2
        Price Per
        12/05/2025
        Date
        Listed
        Event
        $2.2M
        Price
        $996 ft2 / $10,725 m2
        Price Per
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by Karen CusenzaRE/MAX Direct • Buyer Agency Compensation .
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