2115 Preuss Rd, Colorado Springs is a 4-unit apartment building, including two large two-bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades over the last 6 months with new windows, a refreshed painted exterior and a perimeter fence. This property also come equipped with a wireless security camera system. Each unit offer additional storage units for personalized comfort. With its prime location 2115 Preuss Rd presents a turnkey investment opportunity with immediate cashflow. This property offers a 8.05% cap rate and 8.32% cash on cash return! For investors looking for more scale this ownership group is also offering 903 Boggs Pl, 2123 Pruess Rd, 2135 Pruess Rd, 3445 Cochran Dr and 1518 & 1512 S Corona Ave, Colorado Springs.
1969Year Built
9,270 sq ftLot Size
$211Est. Price/Sq.Ft.
8 spacesParking
Listed by Will McCauley• Unique Properties LLC
Listed by Elliott Polanchyck• Unique Properties LLC
Bought with Will McCauley• Unique Properties LLC
Source:REColorado as Distributed by MLS Grid #7534316
Redfin Estimate
$753,224
$37K since sold in January 2026
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 110.9% higher than the average sale price ($357K) of 6 comparable homes.
2115 Preuss Rd, Colorado Springs is a 4-unit apartment building, including two large two-bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades over the last 6 months with new windows, a refreshed painted exterior and a perimeter fence. This property also come equipped with a wireless security camera system. Each unit offer additional storage units for personalized comfort. With its prime location 2115 Preuss Rd presents a turnkey investment opportunity with immediate cashflow. This property offers a 8.05% cap rate and 8.32% cash on cash return! For investors looking for more scale this ownership group is also offering 903 Boggs Pl, 2123 Pruess Rd, 2135 Pruess Rd, 3445 Cochran Dr and 1518 & 1512 S Corona Ave, Colorado Springs.
Public Records
Dec 5, 2023
Sold
$3,200,000
$896/sq ft
Public Records
Jul 29, 1996
Sold
$108,200
$30/sq ft
Public Records
Mar 11, 1994
Sold
$77,800
$22/sq ft
Public Records
Mar 1, 1985
Sold
$125,000
$35/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,188 (+39.6%)
$5,100 + $38,580
$43,680
2024
$1,567 (+1.0%)
$5,100 + $38,580
$43,680
2023
$1,551 (+21.4%)
$4,840 + $27,140
$31,980
2022
$1,278 (−9.8%)
$3,150 + $19,690
$22,840
2021
$1,417 (+13.0%)
$3,150 + $19,690
$22,840
2020
$1,254 (+0.5%)
$3,310 + $20,700
$24,010
2019
$1,247 (+18.7%)
$2,320 + $16,150
$18,470
2018
$1,050 (+5.6%)
$2,320 + $16,150
$18,470
2017
$994 (+35.7%)
$2,040 + $12,270
$14,310
2016
$733 (+0.3%)
$2,040 + $12,270
$14,310
2015
$731 (+5.6%)
$2,140 + $10,520
$12,660
2014
$692 (−1.8%)
$2,140 + $10,520
$12,660
2013
$704 (−0.6%)
$2,140 + $9,370
$11,510
2012
$708 (−10.8%)
$2,140 + $9,370
$11,510
2011
$794 (−22.7%)
$2,140 + $10,910
$13,050
2010
$1,026 (+1.0%)
$2,140 + $10,910
$13,050
2009
$1,016
$2,550 + $14,850
$17,400
Tax history for 2115 Preuss Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,188 (+39.6%)
$5,100 + $38,580
$43,680
2024
$1,567 (+1.0%)
$5,100 + $38,580
$43,680
2023
$1,551 (+21.4%)
$4,840 + $27,140
$31,980
2022
$1,278 (−9.8%)
$3,150 + $19,690
$22,840
2021
$1,417 (+13.0%)
$3,150 + $19,690
$22,840
2020
$1,254 (+0.5%)
$3,310 + $20,700
$24,010
2019
$1,247 (+18.7%)
$2,320 + $16,150
$18,470
2018
$1,050 (+5.6%)
$2,320 + $16,150
$18,470
2017
$994 (+35.7%)
$2,040 + $12,270
$14,310
2016
$733 (+0.3%)
$2,040 + $12,270
$14,310
2015
$731 (+5.6%)
$2,140 + $10,520
$12,660
2014
$692 (−1.8%)
$2,140 + $10,520
$12,660
2013
$704 (−0.6%)
$2,140 + $9,370
$11,510
2012
$708 (−10.8%)
$2,140 + $9,370
$11,510
2011
$794 (−22.7%)
$2,140 + $10,910
$13,050
2010
$1,026 (+1.0%)
$2,140 + $10,910
$13,050
2009
$1,016
$2,550 + $14,850
$17,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R-5
Multi-Family High District
The R-5 zone district accommodates attached and detached single-family, two-family, and multi-family dwelling structures at the highest density permitted in the City's standard residential districts (non-R-Flex). Land uses are as indicated in Table 7.3.2-A (Base and NNA-O District Use Table). It is intended for use in areas adjacent to the FBZ district or R-Flex, Mixed-Use, or PDZ districts where similar or higher densities or intensities of use are permitted.
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Housing-Mobile home park
Apr 30, 2026 • Final
437
Replace the water heater.
Plumbing
Water heater
Aug 30, 2024 • Final
437
Remove and replace the roofing on a residential building.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Heating & Cooling
Heating Type: Hot Water
Exterior
Exterior Information
Construction Type: Wood
Building Construction Quality: Average
Building Type: 4-Plex
Building Improvement Type: 4-Plex
Property Information
Subdivision Name: PROSPECT PARK SUB 1 SUB OF BLK 12 & PORT OF LT 1 BLK 11
Gross Sq. Ft: 3,573
Building Sq. Ft: 3,573
# of Stories: 2
Legal Description: LOT 22 BLK 12 THE NLY PORTION OF BLK 12 + LOTS 11 + 12 IN SUB OF BLK 12 + THAT PORTION OF LOT 1 BLK 11 IN PROSPECT PARK SUB 1 COLO SPGS
Lot Information
# of Buildings: 1
Land Sq. Ft: 9,270
Legal Lot Number: 22
Legal Block Number: 12
Municipality Name: COLO SPGS SCHOOL NO 11
Acres: 0.2128
Zoning Code: R-5
County Use Description: MULTI-UNITS 4-8
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,573
Stories: 2.0
Lot Size: 9,270 square feet
Style: Other
Year Built: 1969
Year Renovated: —
County: El Paso County
APN: 6421226007
Home facts updated by county records on Jun 12, 2026
Around this home
Schools
Hunt Elementary School
Public PreK-5 • Assigned • 0.1mi
2/10
Galileo School Of Math And Science
Public 6-8 • Assigned • 2.6mi
1/10
Palmer High School
Public 9-12 • Assigned • 2.2mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 89° expected this year, 18 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Colorado Springs, CO • 80910
Average low and high temperatures (°F)
43
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26
64
37
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39
70
46
84
57
87
60
84
59
80
53
71
44
55
32
54
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$716,000 – $867,000
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