I would shoot for neighborhoods east, north, and north-east of the "mile square" monument circle, from Downtown.

The number of units is determined by lot square footage so it'll depend on how big the lot is.

I currently live in a home like this and there is a high demand for housing in my area (Spokane Washington). 

If he's simply taking the square footage and using a factor of $134.76/ft^2 and getting an accurate estimate over time, then that would be a good thing to know, especially if you are working in the same market.Best of luck out there, Brett!

I agree with you regarding focusing on the Comparable's condition, recently sold, #bed/baths, roofing, hvac, location, and square footage. 

I am in the Spokane Valley market in Washington State.

@Michinori Kaneko yep, very close to GE - on W Washington BlvdHappy to show you them any time!

@Erin Garcia I am currently working on 2 multi family projects myself in the Avondale and Logan Square areas and have worked on a few deals on the southside.

It was under contract but buyer ended up losing her approval with the lender so now I'm back to square one.

State that you feel the work is 50% complete and you’ve paid him $$ or 50% of the total, so you’re square.