151 Covington Ln, Dickson, TN 37055
- $750,000
- 5,491
- SqFt
- Sold Price
- $750,000
- List Price
- $789,900
- Closing Date
- Jul 24, 2026
- MLS#
- 3008963
- Days on Market
- 299
- Property Type
- Multifamily
- Sqft. of Residence
- 5,491
- County
- Dickson County
- Status
- CLOSED
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
Additional Information
- Construction Type
- Brick
- Cooling System
- Central Air
- Elementary School
- Centennial Elementary
- Floor Types
- Carpet, Laminate
- Garage Capacity
- 2
- Garage Description
- Garage Faces Side, Driveway, Gravel
- Heating System
- Central
- High School
- Dickson County High School
- Junior High School
- Dickson Middle School
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 5,491
- Lot Dimensions
- 5.1
- Number Of Stories
- 1
- Roofing Material
- Shingle
- Sewer System
- Septic Tank
- Subdivision
- County
- Tax Amount
- $3,349
- Water Source
- Private
- Year Built
- 1983
- Zoning
- Commercial
- Type
- Multifamily
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Listing courtesy of Realty One Group Music City. Selling Office: Realtracs, Inc..
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.