5540 Bowden Loop
Colorado Springs, CO, 80915 $ 600,000
Baths0.0 Sq 3,536 Monthly Estimate*
$ 3,694
Studio for $600,000. This 3,536 square foot home was built in 1983 on a lot size of 0.14.
5540 Bowden Loop presents a compelling small-balance multifamily investment opportunity on Colorado Springs’ high-demand east side. This solid 4-unit community delivers four oversized 2-bedroom/1-bath apartments in a quiet, secluded pocket just off Powers Blvd, combining stable in-place cash flow, immediate value-add upside, and one of the most favorable expense structures available at this price point. Situated just off Powers Blvd, Colorado Springs’ primary commercial corridor, the property benefits from exceptional connectivity to major retail, dining, and employment across the east side. Residents enjoy quick access to Peterson Space Force Base and Schriever AFB, two of the region’s largest employers and a consistent driver of renter demand in the submarket. Nearby Palmer Park, Austin Bluffs Open Space, and the Powers retail corridor provide the lifestyle amenities that attract and retain quality tenants. Each of the four units offers a spacious 2-bedroom, 1-bath layout, well above the market average for comparable east-side product. Units feature wood-burning fireplaces, open kitchens, and recent updates including tile flooring, stainless steel appliances, and fresh paint throughout. The property is individually metered for gas and electric, eliminating a majority of utility expenses for ownership, while coin-operated on-site laundry, ample off-street parking, and a pet-friendly policy round out the community’s appeal. With current rents running well-below market, an incoming investor captures immediate mark-to-market upside without significant capital outlay. The property’s low-maintenance profile, zero utility expense structure, and military-anchored tenant demand make 5540 Bowden Loop a compelling entry point into the Colorado Springs multifamily market, appealing to a broad buyer pool that includes owner-occupants, local investors, and 1031 exchange buyers alike.
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FeaturesGeneralSewer Public Sewer
Heating Hot Water
Cooling Other
Roof Unknown
Zoning PDZ AO
Garage Spaces 0
Construction Materials Frame
Exclusions Any and all private property.
Year Built 1983
Levels Two
Property Subtype Quadruplex
Tax Year 2024
Ownership Individual
Gross Income 54645
County El Paso
Operating Expense 12833
Property Type Residential Income
HOA N
Attached Garage N
Contingency None Known
Subdivision Name Heathercrest Sub Fil 3
Status Pending
High School Mitchell
City Colorado Springs
Senior Community Y/N N
High School District Colorado Springs 11
Lot Size Units Square Feet
Lot Size Square Feet 6175
Carport Spaces 0
Listing Terms Cash Conventional
Elementary School Henry
Tax Annual Amount 2437
Middle/Junior High School Swigert
Structure Type Quadruplex
Standard Status Active Under Contract
Occupancy Type Tenant
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
Cap Rate 6.97
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InteriorFlooring Tile
Total Fireplaces 4
Fireplace Features Wood Burning
Common Walls 2+ Common Walls
Basement (Y/N) N
Above Grade Finished Area 3536
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ExteriorFencing None
Parking Features Asphalt
Total Parking 6
Lot Size Area 6175
Building Area Total 3536
Lot Size Acres 0.14
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,694
- Monthly Property Taxes
- $203
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Colorado Springs, CO
Average List Price $679,752
Percent of Sale Price 13%
About Colorado Springs, CO 461,521 Population
27% Since 2002
$ 57,575 Median Income
36.95 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
3239596 Elementary School
3043118 Middle School
Mitchell High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/18/2026 | $600,000 | | Listed Price |