Active

151 Covington Ln

Dickson, TN 37055

$789,900 $3,330/Mo

Get Pre-Approved Check your credit

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

Property Details

Property Type : Residential Income

Price : $789,900

AD Id : 69562005

MLS Id : RTC3008963

Living Area Size : 5,491

Year Built : 1983

Garage : 2

County : Dickson County

Subdivision: County

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: Shingle Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup

Roofing Information

Shingle
Flooring Information

Flooring: Carpet, Laminate Construction Materials: Brick
Heating & Cooling

Heating: Central Has Heating: Yes Cooling: Central Air Has Cooling: Yes WaterSource: Private

Building Information

Year Built: 1983

Lot Information

Lot Dimensions: 5.1

Property Information

Property Type: Residential Income Structure Type: Multi Family

Listing Price Information

Original List Price:$799900

Tax Information

Annual Tax: $3349

Parking Information

Open Parking Spaces: 10 Total Parking: 12 Garage Faces Side, Driveway, Gravel

Garage Information

Has Garage: Yes Garage Space: 2

School Information

Elementary School: Centennial Elementary Junior High School: Dickson Middle School Senior High School: Dickson County High School
Utility Information

Water Available Sewer: Septic Tank Water Source: Private
Location Information

Subdivision: county City: Dickson Direction: I-40W; Exit 172 for TN-46 toward Centerville/Dickson; turn R onto TN-46N; in 1.2 miles turn L onto Pomona Rd; in 1.4 miles turn R onto W Grab Creek Rd; L onto Murrell Rd; R onto E Piney Rd; L onto Covington

Sell a home like this and save $46,895 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1720 Duke Loop, Dickson, TN, 37055	$365,000	2	2	1,556	1,556 SqFt
113 Oakwood Cir, Dickson, TN, 37055	$399,000	3	2	2,197	2,197 SqFt
1585 Jones Creek Rd, Dickson, TN, 37055	$1,400,000	3	5	3,930	3,930 SqFt
103 Pigeon Hollow Rd, Dickson, TN, 37055	$359,900	2	2	1,350	1,350 SqFt
250 Home Place Rd, Dickson, TN, 37055	$998,000	4	3	3,656	3,656 SqFt
1222 Rock Church Rd, Dickson, TN, 37055	$649,999	3	3	2,720	2,720 SqFt
Cherry Blossom Way, Dickson, TN, 37055	$429,900	4	3	1,887	1,887 SqFt
Poplar Way, Dickson, TN, 37055	$488,900	4	3	2,350	2,350 SqFt
107 Cherry Blossom Way, Dickson, TN, 37055	$469,900	4	3	2,350	2,350 SqFt
103 Cherry Blossom Way, Dickson, TN, 37055	$426,900	4	3	1,887	1,887 SqFt

Similar Homes To 151 Covington Ln

Nearby For Sale

Active

$342,000

Home For Sale

430 Center Ave,
Dickson, TN, 37055

Bed

Bath

Sqft

Acre(Lot)

103 Forrest Hills Dr,
Dickson, TN, 37055

Bed

Bath

Sqft

Acres(Lot)

531 Wilson Hollow Rd,
Dickson, TN, 37055

Bed

Bath

Sqft

Acres(Lot)

746 Nels Adams Rd,
Dickson, TN, 37055

Bed

Bath

Sqft

Acres(Lot)

1140 Deerwood Rd,
Dickson, TN, 37055

Bed

Bath

3,128

Sqft

1.38

Acres(Lot)

Disclaimer: The information being provided courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the REALTRAC (RT RealTracs). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of REALTRAC (RT RealTracs). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 06/05/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the 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.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for Consumer use of IDX Listings Disclaimer

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 06/05/2026 @ 06:20. 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. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Click here for DMCA Notice

DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 06/05/2026 @ 06:20

MLS: REALTRAC #3008963 LISTED BY: William (Trey) Sugg, Realty One Group Music City 615-636-8244 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)