151 Covington Ln, Dickson, TN 37055

Dickson
Local realty services provided by:ERA Chappell & Associates Realty & Rental
151 Covington Ln,Dickson, TN 37055
$789,900
  • - Beds
  • - Baths
  • 5,491 sq. ft.
  • Multi-family
  • Active
Listed by: william (trey) sugg
Office: realty one group music city
MLS#:3008963
Source:NASHVILLE

Price summary

  • Price:$789,900
  • Price per sq. ft.:$143.85

About this home

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...

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Home facts

  • Year built:1983
  • Listing ID #:3008963
  • Added:398 day(s) ago
  • Updated:May 14, 2026 at 02:24 PM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:5,491 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1983
  • Building area:5,491 sq. ft.
  • Construction Materials:Brick
  • Levels:1 Story

Schools

  • High school:Dickson County High School
  • Middle school:Dickson Middle School
  • Elementary school:Centennial Elementary

Utilities

  • Water:Private, Water Available
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$789,900
  • Price per sq. ft.:$143.85
  • Tax amount:$3,349

Parking

  • Total parking spaces:12
  • Parking description:Driveway, Gravel
  • Garage:Yes
  • Garage spaces:2
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