
Auburn, CA 95603
Analysis of 124 Oakwood Drive, Auburn, CA 95603 is currently available with a list price of $1,195,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although originally built in 1936, this triplex has undergone a comprehensive, high-end renovation within the last 5 years, effectively making it a like-new property. The interiors feature modern kitchens with brand-new stainless steel appliances, white shaker cabinetry, and stone countertops. Bathrooms are fully updated with contemporary vanities, black hardware, and custom tile work. The renovation included major systems such as a new roof, plumbing, insulation, and the installation of modern mini-split HVAC units. With new flooring, recessed lighting, and fresh exterior improvements, the property meets the highest standards for condition with no deferred maintenance.
The property is fully turn-key following a total reimagining that includes new plumbing, roof, flooring, insulation, and appliances, significantly reducing immediate capital expenditure for an investor.
Situated in the heart of Auburn, the property offers exceptional walkability to local shops and dining, which drives high rental demand and supports long-term property value.
The configuration of one spacious 2-bedroom unit and two 1-bedroom units caters to a diverse range of tenants, ensuring consistent occupancy and a stable income stream.
With a lot size of only 2,805 square feet, the property offers minimal outdoor space for tenants and limited potential for future expansion or additional amenities.
At a list price of $1,195,000 for 1,856 square feet, the acquisition cost is relatively high, which may impact the initial capitalization rate and require premium rents to justify the investment.
Turn-key downtown Auburn triplex with strong income potential and fully renovated systems. Located in the heart of downtown Auburn, 124, 126 & 128 Oakwood Drive offer a rare opportunity to acquire a fully reimagined multi-unit property in a highly walkable, high-demand rental location. Originally a commercial office building, this property has been thoughtfully converted into three residential units, featuring a desirable unit mix: one spacious 2-bedroom, 2-bathroom unit on the lower level and two 1-bedroom, 1-bathroom units upstairs. This layout appeals to a wide range of tenants and supports consistent occupancy. The heavy lifting has already been completed. The property has undergone a comprehensive renovation, including new plumbing, roof, flooring, insulation, drywall, and exterior improvements such as landscaping, steps, and walkways. Each unit is equipped with brand-new appliances and updated finishes, helping minimize near-term capital expenses and ongoing maintenance. Situated just moments from Auburn's shops, dining, and local amenities, the location supports strong rental demand and long-term value. Off-street parking adds convenience for tenants. This is an excellent opportunity for an investor seeking a low-maintenance, income-producing property with modernized systems, strong rental appeal, and upside potential in a desirable foothill market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 60% |
| Square foot | 1,856 | 1,856 | 50% |
| Lot Size | 2,805 | 15,420 | 20% |
| Price | $1.20M | $610.0K | 80% |
| Price per sq ft | $644 | $278 | 60% |
| Built year | 1936 | 1949 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 208 | 20% |
Mar 26, 2026
$1,195,000
Initial Listing