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.
Multi-familyProperty Type
1963Year Built
2.1 acresLot Size
$261Price/Sq.Ft.
4 spacesParking
Listed by Eric Hatch•DRE #01180864• Century 21 Cornerstone Realty
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
5% chance of being in a wildfire in next 30 years
6/10 Heat Factor
6 days above 99° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 41 days in 30 years
Provided by First Street
Historical weather
Auburn, CA • 95603
Average low and high temperatures (°F)
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66
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76
55
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91
67
85
64
74
55
59
45
55
42
Jan
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May
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Jul
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Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 2% for direct sun exposure in Auburn. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 111 Covey Rd
$697,454
$48K under list price of $746K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $519K to $860K.