Track down some agents who have sold 2 or more multifamily properties in the last year, they'll be able to advise you on anything else you need to do after seeing the home and doing a CMA.
1. sell. Find a realtor that specializes in "investment properties" and ask them if the math works. Stress being realistic. If there is a significant amount of money you can make on it (let us say >50K) then have a try at selling. Otherwise you could be in trouble because after carrying costs and realtor expenses and gives backs to the buyer, there may not be much value left for you; which leads us to the other option.
2. don't accept it. Just because it was left to you does not mean you have to take it. You cannot be forced to accept the property. So if it has not gone through probate and thus you are not the real owner yet, you can always say you don't want it. At which point it will go to the state. You would do this if the math was not significantly in your favor (as indicated in #1). This kind of inheritance can cost you money, especially if it puts you over your state's inheritance tax and thus you have to pay taxes to get it.
3. I'd say give it away was another option except a 180K mortgage is far more than any after tax benefit you would get from a tax write-off. So that is not really an option for you.
I caution you to be realistic.
a) the market is bad for anything NOT "move-in ready". High end homes are selling well, everything else is taking a long time. Check the appraisal document and you should find on one of its pages, and inventory level. For example (18 months available inventory). This would mean that there are enough houses on the market that even if no new houses entered the market for sale, given the sell rate in the area, it would take 18 months to sell all houses currently for sale. Find out how many month's inventory there is in your area and then ask yourself if you want to pay taxes, utilities, insurance, principal, interest, etc. for that amount of time.
b) appraised value is misleading you if you think you can get that much for it. This is where investors make their money. Those who stay in business as investors don't get excited about possibilities. They deal with realities.
c) calculate how long you can keep the property without income before you go negative. That will be an eye opener.
We have a ton of buyers looking for historic properties and would love to help you find a buyer.
Circa Old Houses
Realty One Group