Help with ARV on potential triplex

[Levi Dullum]

Hello all, first time poster. I am currently examining multiple properties as a newbie and first time investor. I'm specifically interested in the BRRRR method as I have some capital but not enough to purchase and rehab a property on my own. I have private money to help assist with where I come up short. I've been practicing running numbers on tons of properties and recently came upon an interesting listing. It's an old (1924) 3500 sqft house, 8 bedroom and 3 bath. It appears that at one point it was a triplex but the most recent owners used it as a single home. Asking price is $64,950. I would be interested in reconverting it to a triplex. My issue lies in calculating ARV. It's a fairly rural area with no similar comps. Any help/tips/tricks from more experienced investors on what to do in this scenario? I understand calculating single family homes, but I'd hate to pass up on a deal due to my own ignorance.

[Jeffrey Donis]

@Levi Dullum I agree with @Jonathan Greene. You'd find similar comps as close by as possible and determine ARV that way. This property is still considered residential, so its value is based on what similar properties in the area are selling for, not the net operating income.