111 Covey Road, Auburn, CA 95603, Auburn, 95603 - 1 bed, 1 bath
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Auburn, CA 95603
Analysis of 111 Covey Road, Auburn, CA 95603 is currently available with a list price of $869,500. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Auburn Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1963, the property is functional but significantly dated. While the hardwood floors are a plus, the presence of wall heaters instead of central HVAC, basic/older bathroom vanities, and visible cracks in the concrete utility flooring indicate the systems and finishes are well over 20 years old. The exterior shows moss on the roof and aged siding, fitting the 'Fair' criteria for properties needing updates and minor repairs.
The property features three distinct units (1/1, 2/1, and 3/2) providing a total potential monthly income of $6,475, offering excellent cash flow and investment versatility.
Situated on two acres of land, the property offers a rare level of privacy and space for a multi-unit residence, located just minutes from the amenities of Auburn.
With one unit currently vacant, the property is ideal for an owner-occupant looking to live in one unit while the other two offset the mortgage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 800, other record living area = 2859. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 3.
Built in 1963, the property may require ongoing maintenance or capital improvements to aging systems to ensure long-term structural and operational efficiency.
Managing three separate residences on a large two-acre lot involves higher maintenance oversight and tenant management compared to a standard single-family investment.
Unlock the potential of this rare income-producing property featuring a triplex on two acres, tucked away in a peaceful, private setting just minutes from town. Whether you're looking to expand your investment portfolio, offset your mortgage by living in one home while renting the others, or create a multi-generational living opportunity, this property offers exceptional flexibility. The property has a proven history of consistent rental income and includes: 105 Covey Road - A charming 1-bedroom, 1-bath home currently generating $1,800 per month. 111 Covey Road - A 2-bedroom, 1-bath home with projected rental income of $2,175 per month, currently vacant and ready for a new tenant or owner occupancy. 115 Covey Road - A spacious 3-bedroom, 2-bath home currently leased for $2,500 per month. All three residences are in good condition, offering immediate income potential with minimal upfront work. The current rental configuration produces strong cash flow while still providing the flexibility to occupy the vacant home yourself, making it an ideal opportunity for both investors and owner-occupants. Properties like this are difficult to find with a private setting, multiple income streams, and the versatility to fit a variety of investment strategies. Whether you're seeking dependable passive income or a property that helps pay for itself, this is an opportunity you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
Jul 1, 2026
$869,500
Initial Listing
Sep 25, 2015
$44,500
Public Record