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Local Realty Service Provided By: Coldwell Banker The Advantage Realtor Group, Inc.

151 Covington Ln, 
Dickson, TN 37055

$750,000


Bed


Bath


5,491

Sq Ft


Multi-Family

Sold

Listed by

William (Trey) Sugg

Bought with Realtracs, Inc.

Realty One Group Music City

615-636-8244

MLS#

3008963

Source:

NASHVILLE

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About This Home

151 Covington Ln

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 Facts

Multi-Family

Built in 1983

Subdivision & Development:

county

Price Summary

789,900

$143 per Sq. Ft.

MLS #:

3008963

Sold:

July 24, 2026


Rooms & Interior

Interior

Living Area:

5,491 Sq. Ft.


Structure

Structure

Building Area:

5,491 Sq. Ft.

Year Built:

1983


Finances & Disclosures

Finances

Price:

$789,900

Price per Sq. Ft:

$143 per Sq. Ft.

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