What I meant was that it is unlikely that the property has increased in value, enough to be sold for a capital gain. There is no special rule for selling inherited property within the first year
You seem to be saying that the property has increased $140,000 (88%) since you inherited it in January. But earlier you said it had gained maybe $10,000. Either way, if you sell the property for more than the FMV, on the date of death, you will have a capital gain
