$869,500

111 Covey Rd, Auburn, CA 95603

  • 3 beds |
  • 2 baths |
  • 2,859 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon2.1acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $304/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
July 6, 2026 at 6:32AM
Listing Office:
Century 21 Cornerstone Realty : 2682250
Listing Agent:
Eric L Hatch : 530 2773489
MLS ID:
226082733
  • Rooms: Bedroom(s)Dining RoomFamily RoomFull Bath(s)Kitchen
  • Kitchen: Ceramic Counter
  • Appliances: Built-In Electric RangeFree Standing Refrigerator
  • Dining: Dining/Family ComboSpace in Kitchen
  • Living Room: Other
  • Laundry: Inside Area
  • Flooring: CarpetLinoleumVinyl
  • A/C: Central
  • Heating: Central
  • Fireplace: Family RoomFireplaces: 1
  • Style: RanchContemporary
  • Other Structures: Workshop
  • Parking: Uncovered Parking SpaceUncovered Parking Spaces 2+Parking spaces: 0
  • Roofing: Composition
  • General: FrameWoodRaisedSlab
  • Road/Access: Asphalt
  • HOA Amenities: 0.0
  • Originating MLS: MLS Metrolist
  • School District: Placer
  • County: Placer
  • Topography: Rolling
  • Zoning: 053-050-017-000
  • Utilities: Propane Tank Leased220 Volts
  • Water: Public
  • Sewer: Septic System
  • Source: MLS Metrolist

This listing courtesy of Eric L Hatch , Century 21 Cornerstone Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location