2107 Preuss Road is a turnkey four-unit investment opportunity in Colorado Springs offering immediate income, a strong in-place cap rate, and meaningful upside. The 3,573-square-foot quadplex includes two 2-bedroom and two 3-bedroom units, with updated interiors, LVT flooring, newer carpet and appliances, and many more upgrades. Fully rented with optional management in place and a 6.7% cap rate - this property is as turnkey as they come!
An ideal acquisition for the investor seeking dependable current cash flow with a clear value-add strategy, 2107 Preuss presents the opportunity to substantially increase revenue by converting units to fully furnished short-term (Airbnb or VRBO) or medium-term rentals (contact agent for compatibles - buyer to verify eligibility). Its larger two- and three-bedroom layouts are well suited to traveling professionals, military and government personnel, corporate relocations, medical travelers, and families in transition—tenant segments that often value furnished, utility-inclusive homes and flexible stays. Short-term and Medium-term furnished rentals commonly command a premium over conventional leases in exchange for convenience and flexibility.
With completed capital improvements, four spacious units, and a flexible path to higher-income furnished operations, this asset offers a compelling blend of current yield, operational stability, and future rental-growth potential.
Offer price: $675,000—an exceptional value compared with a neighboring four-unit building that recently sold for $717,000, providing investors immediate basis advantage and compelling upside potential. Close to Memorial Park and Prospect Lake!
Contat agent for showings.
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Zillow last checked:
Listing updated:
Listed by:
David Gifforddavidbgifford@gmail.com,
Good Neighbor LLC
Source: REcolorado as distributed by MLS GRID,MLS#: 5981324
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 4
Heating
Electric
Cooling
None
Features
Has basement: No
Interior area
Total structure area: 3,573
Total interior livable area: 3,573 sqft
Finished area above ground: 3,573
Property
Parking
Total spaces: 4
Details: Off Street Spaces: 4
Features
Levels: Two
Stories: 2
Lot
Size: 9,333 Square Feet
Details
Parcel number: 6421226009
Zoning: R-5
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Materials
Stucco
Roof: Composition
Condition
Updated/Remodeled
Year built: 1969
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected
Community & HOA
Community
Subdivision: Colorado Spring
HOA
Has HOA: No
Location
Region: Colorado Springs
Financial & listing details
Price per square foot: $189/sqft
Tax assessed value: $708,698
Annual tax amount: $2,187
Date on market: 8/12/2026
Listing terms: 1031 Exchange,Cash,Conventional
Exclusions: None
Ownership: Individual
Electric utility on property: Yes
Estimated market value
Zestimate®
$655,900
Estimated sales range
$623,000 - $689,000
Rent Zestimate®
$1,329/mo
Price history
Date
Event
Price
8/12/2026
Listed for sale
$675,000-10%$189/sqft
Source: REcolorado as distributed by MLS GRID #5981324Report a problem
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.