Wandering around the Internet, I came across two multi-family properties located next to each other.
One is a 2-door, built in 1900, 1,893 Sqft, 0.6 acres, priced at 235,000
The other is a 4-door, built within the past 50 years, 3,500-4,000 Sqft, 2.5 acres, priced at $129,000.
Why such a difference in pricing? The first property is a duplex and the second - an MHP.
It stands to reason that either MF properties are overpriced or mobile homes underpriced or both.
@Alex G. one is on a lake. That is going to increase the value a lot. People can ask whatever they want. Asking price is not necessarily near true market value.