151 Covington Ln
Dickson, TN 37055
- 16 Beds
- 16 Baths
- 5,491 sqft (on 5.10 acres)
$750,000
Last Sold: Jul 24, 2026
5% below list $790K
$137/sqft
Est. Refi. Payment $4,244/mo*
$750,000
Last Sold: Jul 24, 2026
5% below list $790K
$137/sqft
Est. Refi. Payment $4,244/mo*
16 Beds
16 Baths
5,491 sqft
(on 5.10 acres)
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1983
Lot Size
5.1 acres
Living Area
5,491 sqft
Price/Sqft
$137/sqft
Parking
Garage
About this House
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
151 Covington Ln, Dickson, TN 37055 is a 16 bedroom, 16 bathroom, 5,491 sqft multi-family built in 1983. It last sold for $750,000 on Jul 24, 2026 (5% below the $789,900 asking price). It is currently off market. The Trulia Estimate is $750,000, with a rent estimate of $1,696/month.
Home Details for 151 Covington Ln
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MLS Status: Closed |
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Beds & Baths Number of Bedrooms: 16Number of Bathrooms: 16 |
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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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: $137/sqft |
Status Change & Dates Off Market Date: Tue Jul 28 2026Possession 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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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 2 hours ago
Listed by William (Trey) Sugg, (615) 943-1644
Realty One Group Music City
Bought with: Nonmls, (615) 385-0777, Realtracs, Inc.
Source: RealTracs MLS as distributed by MLS GRID, MLS#3008963

Price History for 151 Covington Ln
| Date | Price | Event | Source |
|---|---|---|---|
| 07/24/2026 | $750,000 | Sold | RealTracs MLS as distributed by MLS GRID #3008963 |
| 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 |
Market trends in Dickson
Last updated June 2026
Avg. sale price
$323K
$5.33KMoM
Sale-to-List Price
99.2%
1.7%MoM
Price per sq ft
$233
$7MoM
Available listings
161
5MoM
Comparable Sales for 151 Covington Ln
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
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 | |
3.19 | Multi-Family Home | $308,000 | 12/23/25 | 6 | 4 | 1,924 | |
4.80 | Multi-Family Home | $350,000 | 01/30/26 | - | 4,420 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.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
78 % Say there's holiday spirit
70 % Say kids play outside
60 % Say there's wildlife
55 % Say it's dog friendly
52 % Say it's quiet
51 % 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
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 151 Covington Ln
Off Market Homes Near 151 Covington Ln
Frequently asked questions about 151 Covington Ln
- What is 151 Covington Ln estimated to be worth?Trulia's estimated value for 151 Covington Ln in Dickson, TN is $750,000.
- What is the price history for 151 Covington Ln?151 Covington Ln in Dickson, TN last sold for $750,000 in July 2026.
- Is Dickson a buyer's or seller's market?Dickson is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Dickson?The median sale price in Dickson is $323K. That is up $5.33K from the prior month.
- Does 151 Covington Ln have air conditioning?Yes, 151 Covington Ln in Dickson, TN has air conditioning.
- Does 151 Covington Ln have laundry facilities?Yes, 151 Covington Ln in Dickson, TN has laundry facilities.

Based on information submitted to the MLS GRID as of 2026-08-07 12:38:13 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

