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$ 623,500
$ 600,000 3.9%
5540 Bowden LOOP Colorado Springs, CO 80915
3,536 SqFt
UPDATED:
Key Details
Sold Price $623,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,536 sqft
Price per Sqft $176
Subdivision Heathercrest Sub Fil 3
MLS Listing ID 2805054
Sold Date 06/12/26
HOA Y/N No
Abv Grd Liv Area 3,536
Year Built 1983
Annual Tax Amount $2,437
Tax Year 2024
Lot Size 6,175 Sqft
Acres 0.14
Property Sub-Type Quadruplex
Source recolorado
Property Description
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.
Location
State CO
County El Paso
Zoning PDZ AO
Interior
Heating Hot Water
Cooling Other
Flooring Tile
Fireplaces Number 4
Fireplaces Type Wood Burning
Fireplace Y
Exterior
Parking Features Asphalt
Fence None
Roof Type Unknown
Total Parking Spaces 6
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Henry
Middle Schools Swigert
High Schools Mitchell
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NON MLS PARTICIPANT
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