Hello. Without knowing more details, it is difficult to say if $199,000 is a good price. If you are working with a local real estate agent, you could have them pull comparable units to see what they have sold for in the last few months. Some things to consider when trying to determine if this is a good deal may include, but not be limited to: condition of the building and individual units, recent upgrades/renovations/repairs done, rental income per unit, length of time occupants stay/turnover rate of tenants, average cost incurred to maintain the units/building such as gas/electric/water, special assessments if any, and what else is currently for sale similar to the building you are considering to purchase. Best of luck!