Two-Story Multifamily Apartment
11970 NE 19th Dr North Miami, FL 33181
For Sale
$3,900,000
MULTI_FAMILY - North Miami, FL
Property Size11,094 SF
Lot Size0.32 Acres
Price / SF$351.54
Days on Market12
Property Features for 11970 NE 19th Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
06-22-28-011-0350
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
28 52 42 SANS SOUCI ESTS PB 50-86 LOT 7 BLK 3 LOT SIZE 13750 SQUARE FEET OR 20454-2908 1101 4
Building Details
Year built
1964
Number of units
10
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Marilina Apfelbaum · License #0662372
(786) 287-3633
Added: Jul 16
Last Checked: Jul 27 at 11:06AM
MLS# A12033106
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multifamily property is a two-story, exterior-access apartment building built in 1964. The offering is described as a 10-unit building and includes on-site surface parking. The property sits on a 13,750 SF lot, with approximately 11,094 SF of building area noted per the tax roll.
The building is located in the Sans Souci Estates subdivision in North Miami, near Biscayne Blvd, Keystone Islands, shopping, dining, public transportation, and major roadways. The property is zoned R-5 multifamily residential.
Interested buyers are instructed to independently verify all information, including zoning, unit count, rents, expenses, permits, parking, building size, lot size, roof, physical condition, and future use.
The building is located in the Sans Souci Estates subdivision in North Miami, near Biscayne Blvd, Keystone Islands, shopping, dining, public transportation, and major roadways. The property is zoned R-5 multifamily residential.
Interested buyers are instructed to independently verify all information, including zoning, unit count, rents, expenses, permits, parking, building size, lot size, roof, physical condition, and future use.
Key Highlights
- 10‑unit multifamily building built in 1964
- Two‑story structure with exterior access and on‑site surface parking
- Approx. 11,094 SF building area per tax roll
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $324.8k | $29.28 |
| − Vacancy | −$14.6k | −$1.32 |
| EGI | $310.2k | $27.96 |
| − OpEx | −$139.6k | −$12.58 |
| NOI | $170.6k | $15.38 |
11,094 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.44M
$2.13M – $2.84M
NOI $170,618 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.63M
$4.92M – $6.57M
NOI $393,992 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story, exterior-access multifamily building with on-site surface parking in the Sans Souci Estates area.
Where is this apartment building located?
The property is located at 11970 NE 19th Dr North Miami, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 10‑unit multifamily building built in 1964; Two‑story structure with exterior access and on‑site surface parking; Approx. 11,094 SF building area per tax roll
