There are currently 11 4 plexes on the market in the zip code with a price range of 250,000-550,000. Average days on market is 100 days. There has been one sale in the zip for such property in the last six months. So, compared to the crqzy 2005 market, no it is not a good time to put it on the market. However, given the fact that we do not see price appreciation occurring until 2010 or even 2011, you may have more downside potential if you hold the property.
Bottom line, do you need to sell or can you hold till 2010 or later.
Also investors tend to enter the market more so towards the end of the year or just after the new year based upon their tax situation.