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Colorado Springs, CO 80915 5540 Bowden Loop

Pending
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Presented By: ;
  • MLS# 2805054
  • 05/18/2026
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  • Beds • 2
  • SQFT • 3,536
  • Garage • 6

Home Details

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.
Presented By: ;

Interior Features for 5540 Bowden Loop

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area3536
Fireplace FeaturesTwo or More

General for 5540 Bowden Loop

AttributionContactdrew@khcommercial.com, 303-859-0682
Cap Rate6.969
CityColorado Springs
Construction MaterialsFrame
CountyEl Paso
Elementary SchoolHenry
ExclusionsAny and all private property.
Expected Active Date 2026-05-18
Garage Spaces6
Gross Income54645
HOANo
HeatingHot Water
High SchoolMitchell
High School DistrictColorado Springs 11
LevelsTwo
Living Area3536
MLS AreaOut of Area
Middle/Junior High SchoolSwigert
Net Operating Income41812
New ConstructionNo
Number Of Units Total4
Operating Expense12833
Property TypeResidential Income
RoofOther
SewerPublic Sewer
Standard StatusPending
StatusPending
Subdivision NameHeathercrest Sub Fil 3
Tax Annual Amount2437
Tax Year2024
Year Built1983
ZoningPDZ AO

Exterior for 5540 Bowden Loop

Building Area Total3536
Lot Size Acres0.14
Lot Size Area6175
Parking FeaturesOff Street
Total Parking6
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Swigert Middle School
High School Mitchell High School
Elementary School Henry Elementary School

Nathan Washam

Broker/Owner
Price $600,000
MLS#2805054
List Date 05/18/2026
Property Type Pending
Phone 970.988.8295
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