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.
For sale
$675,000
2107 Preuss Road, Colorado Springs, CO 80910
10beds
4baths
3,573sqft
Quadruplex
Built in 1969
-- sqft lot
$655,400 Zestimate®
$189/sqft
$-- HOA
What's special
- 39 days
- 249
- 27
Zillow last checked:
Listing updated:
Listed by:
David Gifford davidbgifford@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: $619,157
- 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
$655,400
$623,000 - $688,000
$1,522/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $675,000-10%$189/sqft |
Source: | ||
| 4/5/2022 | Sold | $750,000+200%$210/sqft |
Source: Public Record Report a problem | ||
| 7/13/2020 | Sold | $250,000-16.7%$70/sqft |
Source: Public Record Report a problem | ||
| 7/24/2018 | Sold | $300,000$84/sqft |
Source: Public Record Report a problem | ||
| 7/13/2018 | Pending sale | $300,000$84/sqft |
Source: Homestead USA #4777495 Report a problem | ||
| 5/23/2018 | Listed for sale | $300,000$84/sqft |
Source: Homestead Usa #166476 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,535 -47.2% | $43,650 -8.1% |
| 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
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Neighborhood: Central Colorado Springs
Nearby schools
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.









