$789,900

151 Covington Ln, Dickson, TN 37055

  • 5,491 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1983
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $144/sqft
  • Property List Date Icon Listed 11 months ago

Property 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

Listing Status:
Active
Date Added:
October 2, 2025
Data Last Updated:
March 25, 2026 at 12:19PM
Listing Office:
Realty One Group Music City : 6159431644
Listing Agent:
William (Trey) Sugg : 6159431644
MLS ID:
3008963
  • Laundry: IndividualElectric Dryer HookupWasher Hookup
  • Flooring: CarpetLaminate
  • A/C: Central Air
  • Heating: Central
  • Parking: Garage Faces SideDrivewayGravelParking spaces: 12
  • Roofing: Shingle
  • General: One
  • Originating MLS: realtrac
  • County: Dickson CountyTN
  • Zoning: Commercial
  • Utilities: Water Available
  • Water: Private
  • Sewer: Septic Tank
  • Source: realtrac

This listing courtesy of William (Trey) Sugg , Realty One Group Music City

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Centennial Elementary School

198 Upper Lake Dr, Dickson, TN, 37055

Grades PK-5

3.86 miles away

D

Dickson Middle School

401 E College St, Dickson, TN, 37055

Grades 6-8

3.37 miles away

D

Dickson County High School

509 Henslee Dr, Dickson, TN, 37055

Grades 9-12

4.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.