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For sale
  • $675,000

    2107 Preuss Road, Colorado Springs, CO 80910

    10beds
    4baths
    3,573sqft
    : 
    $4,138/mo
    Get pre-qualified
    Quadruplex
    Built in 1969
    -- sqft lot
    $655,900 Zestimate®
    $189/sqft
    $-- HOA

    What's special

    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 Gifford davidbgifford@gmail.com,

    Good Neighbor LLC

    Source: REcolorado as distributed by MLS GRID,MLS#: 5981324MLS Logo

      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

        $655,900

        $623,000 - $689,000

        $1,329/mo

        Price history

        DateEventPrice
        8/12/2026Listed for sale$675,000-10%$189/sqft
        Source: REcolorado as distributed by MLS GRID #5981324 Report a problem
        4/5/2022Sold$750,000+200%$210/sqft
        Source: Public Record Report a problem
        7/13/2020Sold$250,000-16.7%$70/sqft
        Source: Public Record Report a problem
        7/24/2018Sold$300,000$84/sqft
        Source: Public Record Report a problem
        7/13/2018Pending sale$300,000$84/sqft
        Source: Homestead USA #4777495 Report a problem
        5/23/2018Listed for sale$300,000$84/sqft
        Source: Homestead Usa #166476 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,800 +1503.2%$47,490
        2023$299 -10%$47,490 +787.7%
        2022$333 $5,350 -5.1%
        2021-- $5,640 +30%
        2020$295 +0.5%$4,340
        2019$293 +25.5%$4,340 +29.2%
        2018$234 -5.3%$3,360
        2017$247 +5.6%$3,360 +13.5%
        2016$234 +36.1%$2,960
        2015$172 +6%$2,960 +10%
        2014$162 $2,690
        2013-- --
        2012-- $2,750
        2011$217 $2,750 -25.1%
        2010-- $3,670
        2009-- $3,670
        2008-- $3,670
        2006-- $3,670 +17.6%
        2004-- $3,120
        2003$182 +3.7%$3,120 -2.5%
        2002$176 -11.3%$3,200 -6.2%
        2001$198 $3,410
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Central Colorado Springs

        Getting around

        46 / 100
        Car-Dependent
        34 / 100
        Some Transit
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hunt
        • Middle: Galileo
        • High: Palmer
        • District: Colorado Springs 11

        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.

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