151 Covington Ln
Dickson, TN 37055
- 8 Beds
- 8 Baths
- 5,491 sqft (on 5.10 acres)
8 Beds
8 Baths
5,491 sqft
(on 5.10 acres)
Local Information
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Description
STABILIZED MIXED-USE | COMMERCIAL ZONING | CASH FLOWING
Currently generating ~$7,900/month gross income with 5 of 6 income streams occupied.
Income breakdown:
4 renovated 2BR / 1.5BA apartments at $1,600 each ($6,400 total)
2,700 sq ft warehouse/commercial space leased at $1,500
Separate garage/storage unit vacant with ~$389 monthly potential
At full occupancy gross reaches ~$8,289/month, exceeding the 1% rule at the current $789,900 price and supporting strong 8–10%+ cap rates.
Tenants pay all utilities (individually metered)
Situated on 5.1 acres with commercial zoning and no HOA, the property offers a rare mixed-use combination of residential apartments, commercial warehouse space, and expansion land in a quiet setting just minutes from Dickson and about 1 hour west of Nashville.
Recent infrastructure improvements include a septic system upgrade with new tank and field lines to support the property's multi-unit capacity.
Majority of HVAC systems replaced within the past 5 years.
Turnkey investment with proven rents.
Appliances convey.
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VALUE-ADD OPPORTUNITIES
Rent the garage/storage unit (~$389/mo potential)
Utilize the unfinished basement areas for storage or finish for extra living space
Add RV pads with utilities
Develop storage units or contractor yards (commercial zoning)
Clear additional land for cabins, glamping, or additional structures
Currently generating ~$7,900/month gross income with 5 of 6 income streams occupied.
Income breakdown:
4 renovated 2BR / 1.5BA apartments at $1,600 each ($6,400 total)
2,700 sq ft warehouse/commercial space leased at $1,500
Separate garage/storage unit vacant with ~$389 monthly potential
At full occupancy gross reaches ~$8,289/month, exceeding the 1% rule at the current $789,900 price and supporting strong 8–10%+ cap rates.
Tenants pay all utilities (individually metered)
Situated on 5.1 acres with commercial zoning and no HOA, the property offers a rare mixed-use combination of residential apartments, commercial warehouse space, and expansion land in a quiet setting just minutes from Dickson and about 1 hour west of Nashville.
Recent infrastructure improvements include a septic system upgrade with new tank and field lines to support the property's multi-unit capacity.
Majority of HVAC systems replaced within the past 5 years.
Turnkey investment with proven rents.
Appliances convey.
---
VALUE-ADD OPPORTUNITIES
Rent the garage/storage unit (~$389/mo potential)
Utilize the unfinished basement areas for storage or finish for extra living space
Add RV pads with utilities
Develop storage units or contractor yards (commercial zoning)
Clear additional land for cabins, glamping, or additional structures
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$144
Listed
180+ days ago
Home Details for 151 Covington Ln
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 8Number of Bathrooms: 8 |
Dimensions and Layout Living Area: 5491 Square Feet |
Appliances & Utilities Utilities: Water AvailableLaundry: Individual,Electric Dryer Hookup,Washer Hookup |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Windows, Doors, Floors & Walls Flooring: Carpet, Laminate |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Carpet, Laminate |
View No View |
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Exterior Home Features Roof: ShingleNo Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 10Has a GarageNo Attached GarageHas Open ParkingParking Spaces: 12Parking: Garage Faces Side,Driveway,Gravel |
Frontage Not on Waterfront |
Water & Sewer Sewer: Septic Tank |
Finished Area Finished Area (above surface): 5491 Square Feet |
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Days on Market: 180+ |
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Year Built Year Built: 1983 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multi FamilyArchitecture: Multi Family |
Building Construction Materials: BrickNot a New ConstructionAttached To Another Structure |
Property Information Included in Sale: Appliances |
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Price List Price: $789,900Price Per Sqft: $144 |
Status Change & Dates Possession Timing: Negotiable |
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Direction & Address City: DicksonCommunity: County |
School Information Elementary School: Centennial ElementaryJr High / Middle School: Dickson Middle SchoolHigh School: Dickson County High School |
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Listing Agent Listing ID: 3008963 |
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Building Area Building Area: 5491 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 5.1 Acres |
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Special Conditions: Standard |
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Expense Tenant Pays: Electricity, Water |
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Mls Number: 3008963Attribution Contact: 6159431644Above Grade Unfinished Area: 5491 |
Last check for updates: about 6 hours ago
Listing Provided by: William (Trey) Sugg, (615) 943-1644
Realty One Group Music City, (615) 636-8244
Source: RealTracs MLS as distributed by MLS GRID, MLS#3008963

Also Listed on RealTracs MLS as distributed by MLS GRID.
Price History for 151 Covington Ln
| Date | Price | Event | Source |
|---|---|---|---|
| 03/16/2026 | $789,900 | PriceChange | RealTracs MLS as distributed by MLS GRID #3008963 |
| 03/12/2026 | $793,900 | PriceChange | RealTracs MLS as distributed by MLS GRID #3008963 |
| 03/03/2026 | $795,400 | PriceChange | RealTracs MLS as distributed by MLS GRID #3008963 |
| 02/19/2026 | $796,900 | PriceChange | RealTracs MLS as distributed by MLS GRID #3008963 |
| 02/12/2026 | $798,400 | PriceChange | RealTracs MLS as distributed by MLS GRID #3008963 |
| 10/02/2025 | $799,900 | Listed For Sale | RealTracs MLS as distributed by MLS GRID #3008963 |
| 09/24/2025 | $799,900 | ListingRemoved | RealTracs MLS as distributed by MLS GRID #2816260 |
| 09/23/2025 | $799,900 | PendingToActive | RealTracs MLS as distributed by MLS GRID #2816260 |
| 08/22/2025 | $799,900 | Contingent | RealTracs MLS as distributed by MLS GRID #2816260 |
| 06/17/2025 | $799,900 | PriceChange | RealTracs MLS as distributed by MLS GRID #2816260 |
| 06/07/2025 | $824,000 | PriceChange | RealTracs MLS as distributed by MLS GRID #2816260 |
| 05/27/2025 | $825,000 | PriceChange | RealTracs MLS as distributed by MLS GRID #2816260 |
| 04/19/2025 | $885,000 | PriceChange | RealTracs MLS as distributed by MLS GRID #2816260 |
| 04/10/2025 | $995,000 | Listed For Sale | RealTracs MLS as distributed by MLS GRID #2816260 |
| 08/16/2024 | $749,500 | ListingRemoved | RealTracs MLS as distributed by MLS GRID #2582807 |
| 08/13/2024 | $749,500 | PriceChange | RealTracs MLS as distributed by MLS GRID #2582807 |
| 05/23/2024 | $749,900 | PendingToActive | RealTracs MLS as distributed by MLS GRID #2582807 |
| 05/08/2024 | $749,900 | Contingent | RealTracs MLS as distributed by MLS GRID #2582807 |
| 03/25/2024 | $749,900 | PriceChange | RealTracs MLS as distributed by MLS GRID #2582807 |
| 03/20/2024 | $764,500 | PriceChange | RealTracs MLS as distributed by MLS GRID #2582807 |
| 02/28/2024 | $769,500 | PriceChange | RealTracs MLS as distributed by MLS GRID #2582807 |
| 10/19/2023 | $779,900 | Listed For Sale | RealTracs MLS as distributed by MLS GRID #2582807 |
| 03/27/2021 | $410,000 | Sold | RealTracs MLS as distributed by MLS GRID #2057236 |
| 02/09/2021 | $424,900 | Pending | RealTracs MLS as distributed by MLS GRID #2057236 |
| 06/05/2020 | $424,900 | Contingent | RealTracs MLS as distributed by MLS GRID #2057236 |
| 05/11/2020 | $424,900 | Listed For Sale | Agent Provided |
Similar Homes You May Like
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Comparable Sales for 151 Covington Ln
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
3.19 | Multi-Family Home | $308,000 | 12/23/25 | 6 | 4 | 1,924 | |
3.32 | Multi-Family Home | $905,000 | 09/29/25 | 4 | - | 6,848 | |
3.51 | Multi-Family Home | $650,000 | 10/01/25 | 12 | 4 | 3,808 | |
4.80 | Multi-Family Home | $350,000 | 01/30/26 | - | 4,420 |
Assigned Schools
These are the assigned schools for 151 Covington Ln.
What Locals Say about Dickson
At least 86 Trulia users voted on each feature.
85 % Say yards are well-kept
83 % Say car is needed
79 % Say parking is easy
77 % Say there's holiday spirit
69 % Say kids play outside
60 % Say there's wildlife
56 % Say it's dog friendly
52 % Say it's quiet
50 % Say neighbors are friendly
46 % Say people would walk alone at night
42 % Say they plan to stay for at least 5 years
33 % Say it's walkable to grocery stores
33 % Say streets are well-lit
30 % Say it's walkable to restaurants
29 % Say there are sidewalks
22 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
William (Trey) Sugg, Realty One Group Music City, (615) 636-8244
Agent Phone: (615) 943-1644

Based on information submitted to the MLS GRID as of 2026-05-09 01:37:53 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
151 Covington Ln, Dickson, TN 37055 is a 8 bedroom, 8 bathroom, 5,491 sqft multi-family built in 1983. This property is currently available for sale and was listed by RealTracs MLS as distributed by MLS GRID on Oct 2, 2025. The MLS # for this home is MLS# 3008963.

