Four-Unit Multifamily
5540 Bowden Loop Colorado Springs, CO 80915
5540 Bowden Loop, Colorado Springs, CO, 80915
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For Sale
Contact for pricing
Four oversized 2-bedroom, 1-bath units with recent interior updates, coin laundry, and individually metered gas and electric.
Property Size3,536 SF
Price / SF$169.68
Days on Market71
Property Features for 5540 Bowden Loop
General Information
- Standard status
- Active
- Size
- 3,536 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing agency
Kaufman Hagan Commercial Real Estate
(720) 335-1469
Listed by
Drew Madayag · License #FA100109778
Source
Crexi
Added: May 14 Updated: Jul 20 at 5:55PM Checked: Jul 22 at 3:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kaufman Hagan Commercial Real Estate
Investment Insights
Based on property information with market context.
5540 Bowden Loop is a for-sale four-unit multifamily property offering four oversized 2-bedroom, 1-bath apartment layouts. Units include features such as wood-burning fireplaces and open kitchens, with recent updates noted throughout including tile flooring, stainless steel appliances, and fresh paint. The community also includes coin-operated on-site laundry and ample off-street parking, and it operates with a pet-friendly policy.
The property is located in a quiet, secluded pocket just off Powers Blvd in Colorado Springs. The location provides access to major retail, dining, and employment along the east side, with quick connectivity to Peterson Space Force Base and Schriever AFB.
Utilities are individually metered for gas and electric, and each unit configuration is consistent across the four homes, supporting straightforward operations for ownership.
The property is located in a quiet, secluded pocket just off Powers Blvd in Colorado Springs. The location provides access to major retail, dining, and employment along the east side, with quick connectivity to Peterson Space Force Base and Schriever AFB.
Utilities are individually metered for gas and electric, and each unit configuration is consistent across the four homes, supporting straightforward operations for ownership.
Key Highlights
- 4‑unit multifamily built in 1983 in a quiet pocket just off Powers Blvd, Colorado Springs.
- All units are oversized 2‑bedroom, 1‑bath layouts with wood‑burning fireplaces and open kitchens.
- Recent interior updates include tile flooring, stainless steel appliances, and fresh paint throughout.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $19.80 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $66.2k | $18.71 |
| − OpEx | −$19.8k | −$5.61 |
| NOI | $46.3k | $13.10 |
3,536 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$661.6K
$578.9K – $771.9K
NOI $46,313 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$613.2K
$536.5K – $715.4K
NOI $42,921 @ 7.0% cap · market cap 7.15%
Theoretical Best
Specialty Retail
$698.3K
$611.0K – $814.7K
NOI $48,882 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four oversized 2-bedroom, 1-bath units with recent interior updates, coin laundry, and individually metered gas and electric.
Where is this quadplex located?
The property is located at 5540 Bowden Loop Colorado Springs, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4‑unit multifamily built in 1983 in a quiet pocket just off Powers Blvd, Colorado Springs.; All units are oversized 2‑bedroom, 1‑bath layouts with wood‑burning fireplaces and open kitchens.; Recent interior updates include tile flooring, stainless steel appliances, and fresh paint throughout.
