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.
Active
Price cut: $124K (9/5)
$745,500
111 Covey Rd, Auburn, CA 95603
3beds
2,859sqft
Multi Family, Single Family Residence
Built in 1963
2.1 Acres Lot
$727,400 Zestimate®
$261/sqft
$-- HOA
What's special
Triplex on two acresPrivate settingPeaceful private setting
- 71 days
- 989
- 33
Zillow last checked:
Listing updated:
Listed by:
Eric Hatch DRE #01180864 530-277-3489,
Century 21 Cornerstone Realty
Source: MetroList Services of CA,MLS#: 226082733Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Dining room
- Features: Dining/Family Combo, Space in Kitchen
Kitchen
- Features: Ceramic Counter
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Built-In Electric Range, Free-Standing Refrigerator
- Laundry: Inside
Features
- Flooring: Carpet, Linoleum, Vinyl
- Number of fireplaces: 1
- Fireplace features: Family Room
Interior area
- Total structure area: 0
- Total interior livable area: 2,859 sqft
Property
Parking
- Total spaces: 4
- Parking features: Uncovered Parking Space, Uncovered Parking Spaces 2+
- Uncovered spaces: 4
Lot
- Size: 2.1 Acres
- Features: Irregular Lot
- Topography: Rolling,Rolling
Details
- Additional structures: Workshop
- Parcel number: 053050017000
- Zoning: RES
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Hay Storage
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Contemporary
- Property subtype: Multi Family, Single Family Residence
Materials
- Frame, Wood
- Foundation: Raised, Slab
- Roof: Composition
Condition
- Year built: 1963
Utilities & green energy
- Electric: 220 Volts
- Sewer: Septic System
- Water: Public
- Utilities for property: Propane Tank Leased
Community & HOA
Location
- Region: Auburn
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $316,019
- Price range: $745.5K - $745.5K
- Date on market: 7/1/2026
- Road surface type: Asphalt
Estimated market value
$727,400
$691,000 - $764,000
$2,099/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2026 | Price change | $745,500-14.3%$261/sqft |
Source: MetroList Services of CA #226082733 Report a problem | ||
| 8/31/2026 | Price change | $869,500+8.8%$304/sqft |
Source: MetroList Services of CA #226082733 Report a problem | ||
| 8/29/2026 | Listing removed | $1,999$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/20/2026 | Listed for rent | $1,999-8.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/18/2026 | Price change | $799,500-8.1%$280/sqft |
Source: MetroList Services of CA #226083309 Report a problem | ||
| 7/1/2026 | Listed for sale | $869,500+1853.9%$304/sqft |
Source: MetroList Services of CA #226082733 Report a problem | ||
| 6/22/2026 | Listing removed | $2,175$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/19/2026 | Listed for rent | $2,175+9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/26/2023 | Price change | $1,995+5.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/18/2023 | Price change | $1,895-5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/5/2023 | Listed for rent | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/25/2015 | Sold | $44,500-80.7%$16/sqft |
Source: Public Record Report a problem | ||
| 5/3/2000 | Sold | $230,000$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $316,019 +2% |
| 2025 | $3,198 -0.2% | $309,823 +2% |
| 2024 | $3,206 +1% | $303,749 +2% |
| 2023 | $3,173 +0.5% | $297,794 +2% |
| 2022 | $3,157 +3.7% | $291,955 +2% |
| 2021 | $3,044 +0.7% | $286,232 +1% |
| 2020 | $3,022 | $283,298 +2% |
| 2019 | $3,022 +7.7% | $277,744 +2% |
| 2018 | $2,806 +1.8% | $272,299 +2% |
| 2017 | $2,756 +2.1% | $266,960 +2% |
| 2016 | $2,698 -1.4% | $261,726 -4.8% |
| 2015 | $2,736 +1.6% | $274,943 +2% |
| 2014 | $2,693 | $269,558 +0.5% |
| 2013 | -- | $268,341 +10% |
| 2012 | -- | $244,000 -5.4% |
| 2011 | -- | $257,922 +0.8% |
| 2010 | -- | $255,995 -0.2% |
| 2009 | -- | $256,604 +2% |
| 2008 | -- | $251,573 +2% |
| 2007 | -- | $246,641 +2% |
| 2006 | -- | $241,806 +2% |
| 2005 | -- | $237,065 +2% |
| 2004 | -- | $232,417 +1.9% |
| 2003 | -- | $228,158 +2% |
| 2002 | -- | $223,686 +2% |
| 2001 | -- | $219,300 +24.3% |
| 2000 | -- | $176,470 |
Find assessor info on the county website
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Neighborhood: 95603
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