And this is across at least 3 or 4 different council districts, so I don't think its a single council person or neighborhood getting serious about construction jobs.I could be wrong, but my sense is code enforcement is viewing things differently than they have in the past.

I've learned enough from others in these forums to know that markets can vary even neighborhood to neighborhood!

It depends on a number of factors including what your expense basis for the land, what type of homes are around it, quality of area/neighborhood etc.  

But then outside of that, I would do a lot of research on the neighborhood that property is in.

What is the range properties in a and b neighborhoods go for?

Are you looking in A to B class neighborhoods? 

That one you can find by searching the forums or meetup.com for Olympia REI.

Are there specific neighborhoods that you currently only invest in for your small multiplex units?

I am looking around in my area as that's the market I know best, and the max price is around 2.5M$.Rents vary a lot here depending on building amenities and renovations done, even within the same neighborhood.

It doesn't have to be accurate but somewhere in the ballpark all advice is appreciated thanks I would estimate somewhere in the neighborhood of 20K each.