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Back 5540 Bowden Loop
Off Market

5540 Bowden Loop

Colorado Springs CO 80915

6
3536 sq. ft.
0.14 ac.
Other
Last sold for $623,500
Andrew MadayagAndrew Madayag, last sold this property on 12 June 2026 after 24 days on market.

Overview

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.

Features

6 carspaces
6 garage spaces
3536 sq. ft. floor area
0.14 ac. lot size
Other

Estimated Value

Based on this property and similar other properties sold in Colorado Springs over the last 12 months, the estimated median property value of 5540 Bowden Loop is $127k.

Median value
$127k
Estimated value range
$5.06k - $623.5k
Median days on market
176
Estimated value trend
-65%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Colorado Springs. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5540 Bowden Loop

2026
Sold
$623,500
12 Jun 2026 by Andrew Madayag, of Kaufman Hagan
2020
Sold
$530,000
18 Jun 2020 by Jason Koch, of Nexus Commercial Realty, LLC

Happy sellers in Colorado Springs

87%
87% of sellers in Colorado Springs reported that their sale price either exceeded or met their price expectations.

Colorado Springs stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Colorado Springs over the last 12 months.

Local market activity for other properties in Colorado Springs

In the last 12 months, 12 other properties similar to 5540 Bowden Loop, have been sold.

This represents a 43% increase in other properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Colorado Springs

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Lane Morrell

Sellers who recommend Lane Morrell have praised them for being clear communication, local expert, dedicated, great negotiation, patient, resourceful, and responsive

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Monica Breckenridge

Monica Breckenridge is an award winning recommended agent for Colorado Springs.  They have 7 local sales and collected 2 local reviews across the last 12 months.

  •   4.9   (229 reviews)
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Brent and Jen Patterson

Sellers who recommend Brent and Jen Patterson have praised them for being local expert, attentive, clear communication, dedicated, responsive, proactive, and well-prepared

  •   5   (58 reviews)
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Sheena Crompton

Sellers who recommend Sheena Crompton have praised them for being local expert, clear communication, attentive, reliable, dedicated, proactive, and patient

  •   5   (45 reviews)
  •  1 Review in Colorado Springs
  •  2 Sales in Colorado Springs
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