6-Unit Apartment
12195 NE 11th Pl, North Miami, FL 33161
For Sale
New
$1,050,000
Commercial Sale, North Miami, FL
Property Size3,502 SF
Lot Size0.16 Acres
Price / SF$299.83
Days on Market1
Property Features for 12195 NE 11th Pl
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Lot features
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Julies Realty, LLC
(305) 751-6400
Listed By:
Hubert Jean · License #3544862
(786) 657-6458
Added: Nov 7
Last Checked: Nov 7 at 9:06PM
MLS# A12119821
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.
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Investment Insights
Based on property information with market context.
Built in 1959, this six-unit apartment property contains 3,502 square feet on a 6,750-square-foot lot. All units are leased, and each has an independent exterior entrance. There are no interior common corridors or elevator. The building is concrete block construction with a shingle roof and wall/window cooling. The roof and air-conditioning systems were replaced within the past five years.
Six electric meters serve the apartments, with electricity paid by tenants; water is billed through one owner-paid meter. The property has assigned, striped on-site parking and public water service. It is in North Miami, minutes from Biscayne Boulevard, FIU Biscayne Bay, the 125th Street corridor and I-95.
Six electric meters serve the apartments, with electricity paid by tenants; water is billed through one owner-paid meter. The property has assigned, striped on-site parking and public water service. It is in North Miami, minutes from Biscayne Boulevard, FIU Biscayne Bay, the 125th Street corridor and I-95.
Key Highlights
- Six apartments totaling 3,502 square feet on a 6,750‑square‑foot lot
- All six units are leased, each with a separate exterior entrance
- Roof and air‑conditioning systems replaced within the past five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,858
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,160
$1.1M
Cap Rate 7%
$769,400
$769.4K
Cap Rate 9%
$598,422
$598.4K
Market Conditions
NOI Build-Up for 3,502 SF
Gross rent
$102.5K $29.28/SF
− Vacancy
−$4.6K −$1.32/SF
EGI
$97.9K $27.96/SF
− OpEx
−$44.1K −$12.58/SF
NOI
$53.9K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,160
Cap Rate 7%
$769,400
Cap Rate 9%
$598,422
Alternative Uses
Best Use
Apartment 5plus
$769.4K
$673.2K – $897.6K
NOI $53,858 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,370 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL
Properties on Market for Apartment buildings in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each apartment has a private exterior entrance, with no shared interior corridors.
Where is this apartment building located?
The property is located at 12195 NE 11th Pl North Miami, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Six apartments totaling 3,502 square feet on a 6,750‑square‑foot lot; All six units are leased, each with a separate exterior entrance; Roof and air‑conditioning systems replaced within the past five years
