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$869,500 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 3 Total Beds
  • Updated 3 days ago
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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.

Full Property Details for 111 Covey Rd

General

  • Price: $869,500
  • Status: Active
  • Type: Multi-Family
  • Source: METROLIST_Cali
  • MLS ID: 226082733
  • Updated: 7/1/2026
  • Added to Site: 3 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room
  • Appliances: Built-In Electric Range, Free Standing Refrigerator
  • Flooring: Carpet, Linoleum, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Kitchen: Ceramic Counter
  • Dining Room: Dining/Family Combo, Space in Kitchen
  • Laundry: Inside Area

Parking

  • Parking: Uncovered Parking Space, Uncovered Parking Spaces 2+

Location

  • County: Placer
  • Cross Streets: Lincoln Way
  • Driving Directions: 80, Bowman Exit, Left On Lincoln Way To Covey To Property.

School Information

  • School District: Placer
  • Elem School District: Auburn Union
  • Midd School District: Auburn Union
  • High School District: Placer Union High

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central
  • Heating Fuel: Central

Utilities

  • Sewer: Septic System
  • Water: Public
  • Utility Description: Propane Tank Leased

Structural Information

  • Architectural Style: Ranch, Contemporary
  • Construction: Frame, Wood
  • Basement: Yes
  • Foundation: Raised, Slab
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 2,859
  • Sq. Ft. Source: Assessor Auto-Fill
  • Year Built: 1963

Additional Structures

  • Other Structures: Workshop

Lot Features

  • Lot Size (Acres): 2.1
  • Lot Size (Sq. Ft.): 91,476
  • Street/Road Desc.: Asphalt
  • Road Maintenance: Public Maintained Road
  • Irrigation System: None
  • Topography: Rolling
  • Zoning: RES
  • Lot Description: Shape Irregular

Horse Property

  • Horse Property: Yes
  • Horse Facility Desc.: Hay Storage

Disclosures and Reports

  • Special Conditions: None
  • APN: 053-050-017-000

Listed by Century 21 Cornerstone Realty

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Listing agent

— 111 Covey Rd —

  • Century 21 Cornerstone Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 111 Covey Rd

School Districts:Ackerman Elementary School District, Placer Union High School District
NameGradesDistance
Bowman Charter School
13777 Bowman Road, Auburn, CA 95603
K-80.4 mi
Placer High School
275 Orange Street, Auburn, CA 95603
9-123.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 111 Covey Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/01/2026
Listed
$869,500
1853.93%
MLS
9/23/2015
Sold
$44,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 111 Covey Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,198
1%
$309,823
2%
2023
$3,173
—
$303,749
2%
2023
$3,173
1%
$297,794
2%
2022
$3,157
4%
$291,955
2%
2021
$3,044
1%
$286,232
1%
2020
$3,022
2%
$283,298
2%
2019
$2,967
6%
$277,744
2%
2018
$2,806
2%
$272,299
2%
2017
$2,756
2%
$266,960
2%
2016
$2,698
-1%
$261,726
-5%
2015
$2,736
2%
$274,943
2%
2014
$2,693
—
$269,558
—
2013
$2,703
—
$268,341
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Century 21 Cornerstone Realty

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111 Covey Road, Auburn, CA 95603 (MLS# 226082733) is a Multi-Family property with units containing 3 bedrooms and 2 full bathrooms. 111 Covey Road is currently listed for $869,500 and was received on July 01, 2026. Want to learn more about 111 Covey Road? Do you have questions about finding other Multi-Family real estate for sale in Auburn? You can browse all Auburn real estate or contact a Coldwell Banker agent to request more information.

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