5540 Bowden Loop 4 Unit Apartment Building $824,238 CAD ($206,059 CAD/Unit) 6.97% Cap Rate Colorado Springs, CO 80915

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.