Find one with an underlayer attached, and if noise is an issue put a sound suppression pad underneath.

close enough commute but prices are still suppressed.

As stated in a previous post there already is a shortage of primary care Drs. and when Obamacare gets fully implemented with the suppression of Drs. ability to make decisions about patient care because of government panel oversight the independent minded people who go into medicine will not do so because they don't want to spend their youth in school and residency, come out with $200,000+ in debt and then be told how to do their job by the gov't.

Your costs will be highly variable given the condition of the "shell" as well as how much electrical, security, fire suppression work is required by local codes. 

It also allows each unit to have complete control over the heating and cooling, vs a shared zoned HVAC which is similar to a condo.Fire should not be able to propagate through the HVAC, so if it's a shared HVAC, it'll need some sort of fire suppression system.

.), but values are still suppressed. 

=======Locate the septic feild(s)(s)(s).Have a scientific drinkability test on the tap water for any contaminates.Beware of big (and small) spiders in the basement.9 x 9 tiles are probably asbestos, same for the glue used to hold them down.Wiring and electrical panels may be at end of service life.Florescent lighting may be circa 1960 (I dream of Jeannie) lacking modern non-buzzing startups and be way to many for modern use (electrical hogs).Don't drink any of the water (or even get it splashed on you) without having it tested first.The building may have city water and well combination.Find all abandoned septic fields.Find out if the fire suppression equipment is up to spec with the local fire dept--inspections, types.Without a roof and with many broken out windows insurance may be hard to find.Paint--expect lead (the pealing type) of paint.Assume anything with capacitors-(HVAC, Florescent troffers, Kitchen electric motors, food service garbage disposals, etc.. )-the capacitors are bad--do not turn on until checked by a competent technician.Look for a basement.Look for fallout shelter(s)(s)(s) underground separate from the building (Duck and Cover Turtle era).Look for steam heat system and have it inspected for possible use or demolition.Look for abandoned wells, that may have dried up or were too contaminated to continue use.A phase 1 enviro would have been a good CYA move--you can bet any buyer from you will get one...Pay to have a written professional inspection done of the building to get a consolidated look at the things you will be facing.

I want to re-pull data out of that 280k BUT suppress the 40k I already pulled.  

I have not priced building a multifamily in recent years but I would imagine that the cost would run about $165/sqft or more at cost, especially with a fourplex as you have 4 of all those high-ticket items and I believe a fire suppression system is required on new fourplexes which can easily be 60k or more. 

It seems that Clayton Morris is willing to do anything he can to suppress the voices of those investors who claim to have lost money investing with his company Morris Invest.