151 Covington Ln, Dickson, TN 37055
FOR SALE
5.1 ACRES

151 Covington Ln
Dickson, TN 37055

  • 8 Beds
  • 8 Baths
  • 5,491 sqft (on 5.10 acres)

$789,900

Original price: $793,900
Est. Mortgage $4,307/mo*

$789,900

Original price: $793,900
Est. Mortgage $4,307/mo*
8 Beds
8 Baths
5,491 sqft
(on 5.10 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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.

---

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

Active Status

MLS Status: Active

Interior Features

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

Exterior Features

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

Days on Market

Days on Market: 180+

Property Information

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

Price & Status

Price
List Price: $789,900Price Per Sqft: $144
Status Change & Dates
Possession Timing: Negotiable

Location

Direction & Address
City: DicksonCommunity: County
School Information
Elementary School: Centennial ElementaryJr High / Middle School: Dickson Middle SchoolHigh School: Dickson County High School

Agent Information

Listing Agent
Listing ID: 3008963

Building

Building Area
Building Area: 5491 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 5.1 Acres

Listing Info

Special Conditions: Standard

Business

Expense
Tenant Pays: Electricity, Water

Miscellaneous

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

Price History for 151 Covington Ln

DatePriceEventSource
03/16/2026$789,900PriceChange
RealTracs MLS as distributed by MLS GRID #3008963
03/12/2026$793,900PriceChange
RealTracs MLS as distributed by MLS GRID #3008963
03/03/2026$795,400PriceChange
RealTracs MLS as distributed by MLS GRID #3008963
02/19/2026$796,900PriceChange
RealTracs MLS as distributed by MLS GRID #3008963
02/12/2026$798,400PriceChange
RealTracs MLS as distributed by MLS GRID #3008963
10/02/2025$799,900Listed For SaleRealTracs MLS as distributed by MLS GRID #3008963
09/24/2025$799,900ListingRemovedRealTracs MLS as distributed by MLS GRID #2816260
09/23/2025$799,900PendingToActiveRealTracs MLS as distributed by MLS GRID #2816260
08/22/2025$799,900ContingentRealTracs MLS as distributed by MLS GRID #2816260
06/17/2025$799,900PriceChange
RealTracs MLS as distributed by MLS GRID #2816260
06/07/2025$824,000PriceChange
RealTracs MLS as distributed by MLS GRID #2816260
05/27/2025$825,000PriceChange
RealTracs MLS as distributed by MLS GRID #2816260
04/19/2025$885,000PriceChange
RealTracs MLS as distributed by MLS GRID #2816260
04/10/2025$995,000Listed For SaleRealTracs MLS as distributed by MLS GRID #2816260
08/16/2024$749,500ListingRemovedRealTracs MLS as distributed by MLS GRID #2582807
08/13/2024$749,500PriceChange
RealTracs MLS as distributed by MLS GRID #2582807
05/23/2024$749,900PendingToActiveRealTracs MLS as distributed by MLS GRID #2582807
05/08/2024$749,900ContingentRealTracs MLS as distributed by MLS GRID #2582807
03/25/2024$749,900PriceChange
RealTracs MLS as distributed by MLS GRID #2582807
03/20/2024$764,500PriceChange
RealTracs MLS as distributed by MLS GRID #2582807
02/28/2024$769,500PriceChange
RealTracs MLS as distributed by MLS GRID #2582807
10/19/2023$779,900Listed For SaleRealTracs MLS as distributed by MLS GRID #2582807
03/27/2021$410,000Sold
RealTracs MLS as distributed by MLS GRID #2057236
02/09/2021$424,900PendingRealTracs MLS as distributed by MLS GRID #2057236
06/05/2020$424,900ContingentRealTracs MLS as distributed by MLS GRID #2057236
05/11/2020$424,900Listed For SaleAgent Provided

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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.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • Lorena
    "There are kids and families. Still kids should be always with an adult because you never know .Is, there are not so many walkable places"
  • Lorena
    "You start to get know the other people that has dogs. But I wish people were more responsible keeping their dogs on their yard "
  • Lo
    "This town is known for the area for addiction recovery, so you may hear and see situations related to this "
  • Geminiswifties
    "I do not see many dog owners but there’s a dog park next to Heinz Lee park which is a cool place to walk"
  • Sjla1994
    "If you work in Nashville the commute can be anywhere from an hour to two, depending on traffic. Usually it an hour and a half for the evening commute. "
  • Milton W.
    "I have lived in this neighborhood for 18 years. It has changed from the middle class families that built the houses in the 70’s to those families moving into retirement. Some stayed. Some left. Some have passed on. The vacancies left have been filled with new families that now have older kids. I’m sure it will go through more changes as I am aging too and getting ready to be an empty-nester. The people have changed, but the area remains a good family neighborhood."
  • Jjbullock
    "My son lives here an loves it an we love to come visit an our grand son lives here. Great family area an close to everything "
  • Briannahargrove26
    "A lot of new built buildings and honestly it has almost everything Nashville has just smaller... as of right now. "
  • Shelbyhargrove68
    "Overall, Dickson is a nice place to live. There’s always events in downtown. It is relatively safe depending on the neighborhood. The schools are okay, but definitely not as good as Williamson county. The commute to Nashville isn’t too bad. "
  • Briannahargrove26
    "We have a lot of dog parks and offer a lot for them. Many of public parks and as well and hiking trails with your furry friends. "
  • Tina N. J.
    "I have lived here all my life. I love Dickson and couldn’t imagine living anywhere else. The schools are great. "
  • Mandasleamon
    "It is easy to travel in Dickson except in the afternoons in the busy areas of town . Otherwise it isn’t too terribly bad for commuting "
  • Megan S.
    "Most people around there don’t really treat their dogs like family. The dogs get left in the yard to bark night and day and ignored. If your dog is family you probably won’t fit in here either. "
  • Mmelee72
    "Lots of dog owners and lovers, lakes to walk around, and even a dog park. More sidewalks are needed."
  • enorthcliffe9133
    "We have lived here 5 years and most of our neighbors are nice. The rest keep to themselves. Not a lot of noise like we use to have. love our walks downtown to restaurants, spa, shopping. "
  • ashm
    "There are good and bad parts of every town. We are a booming city, with lots of familiar faces. Never had a bad neighbor. "
  • Milton W.
    "I have lived in this neighborhood for 16 years. It’s very quiet. The people are very friendly. There are many walkers around the circle and with good reason. It is a beautiful neighborhood with lots of trees and nice houses. "
  • Chelsey B.
    "I live in the country with multiple acres so there is plenty of room for my dogs to roam. I still would not let them roam freely due to traffic. "
  • Bcasanova7135
    "Festivals and Fairs. Flea markets. Parades, church events. City pool, Athletic Center. School football games."
  • Donnabrooks418
    "I have lived here for 30 years i love it. people are friendly and nice. everything you need is at your convenience. "
  • Rebeccalynnorange
    "the mix of different generations make for an interesting community. There is plenty of diversity and it's easy to get to know your neighbor."

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.