Updated Quadplex with Large
2107 Preuss Rd Colorado Springs, CO 80910
For Sale
Contact for pricing
Four updated units are offered with a large lot and a mix of 2- and 3-bedroom layouts.
Property Size3,573 SF
Price / SF$207.11
Days on Market274
Property Features for 2107 Preuss Rd
General Information
- Standard status
- Active
- Size
- 3,573 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing Agency:
Compass - Denver
(303) 536-1786
Listed By:
David Williams · License #FA100087495
Source:
Crexi
Added: Oct 23, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass - Denver
Investment Insights
Based on property information with market context.
This for-sale quadplex offers four updated units with major capital improvements completed. The unit mix includes two 2-bedroom layouts and two 3-bedroom layouts, providing consistent, straightforward configuration across the property. The property sits on a large lot.
The location is described as being close to Downtown, the airport, retail, and major highways. The property is also noted as being opposite a park and an elementary school.
Overall, the building presents as a four-unit residential income property with recent updates and completed major capex, supported by the current unit bedroom mix and the large-lot setting.
The location is described as being close to Downtown, the airport, retail, and major highways. The property is also noted as being opposite a park and an elementary school.
Overall, the building presents as a four-unit residential income property with recent updates and completed major capex, supported by the current unit bedroom mix and the large-lot setting.
Key Highlights
- Four updated units (Year built: 1969) offered with a large lot
- Unit mix includes two 2‑bedroom and two 3‑bedroom layouts
- Major updates/capex completed as part of the unit updates
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.7k | $19.80 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $66.9k | $18.71 |
| − OpEx | −$20.1k | −$5.61 |
| NOI | $46.8k | $13.10 |
3,573 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$668.5K
$585.0K – $780.0K
NOI $46,798 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$619.6K
$542.1K – $722.8K
NOI $43,370 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$705.6K
$617.4K – $823.2K
NOI $49,393 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four updated units are offered with a large lot and a mix of 2- and 3-bedroom layouts.
Where is this quadplex located?
The property is located at 2107 Preuss Rd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Four updated units (Year built: 1969) offered with a large lot; Unit mix includes two 2‑bedroom and two 3‑bedroom layouts; Major updates/capex completed as part of the unit updates
