151 Covington Ln Dickson, TN 37055
Estimated payment $4,434/month
Highlights
- No HOA
- Central Heating and Cooling System
- Carpet
- Centennial Elementary School Rated 9+
- 2 Car Garage
- Property has 1 Level
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 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 Agent
Realty One Group Music City Brokerage Phone: 6159431644 License #328692 Listed on: 10/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,349
Year Built
- Built in 1983
Parking
- 2 Car Garage
- 10 Open Parking Spaces
- Side Facing Garage
- Gravel Driveway
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 5,491 Sq Ft Home
- Property has 1 Level
- Washer and Electric Dryer Hookup
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Schools
- Centennial Elementary School
- Dickson Middle School
- Dickson County High School
Utilities
- Central Heating and Cooling System
- Septic Tank
Community Details
Overview
- No Home Owners Association
- 6 Units
- County Subdivision
Building Details
- Gross Income $8,289
- Net Operating Income $8,289
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,013 | $296,640 | $33,080 | $263,560 |
| 2024 | $5,013 | $296,640 | $33,080 | $263,560 |
| 2023 | $3,349 | $142,520 | $22,320 | $120,200 |
| 2022 | $3,349 | $142,520 | $22,320 | $120,200 |
| 2021 | $0 | $142,520 | $22,320 | $120,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/16/2026 03/16/26 | Price Changed | $789,900 | -0.5% | $144 / Sq Ft | |
| 03/12/2026 03/12/26 | Price Changed | $793,900 | -0.2% | $145 / Sq Ft | |
| 03/03/2026 03/03/26 | Price Changed | $795,400 | -0.2% | $145 / Sq Ft | |
| 02/19/2026 02/19/26 | Price Changed | $796,900 | -0.2% | $145 / Sq Ft | |
| 02/12/2026 02/12/26 | Price Changed | $798,400 | -0.2% | $145 / Sq Ft | |
| 02/06/2026 02/06/26 | For Sale | $799,900 | 0.0% | $146 / Sq Ft | |
| 02/01/2026 02/01/26 | Off Market | $799,900 | -- | -- | |
| 10/02/2025 10/02/25 | For Sale | $799,900 | +95.1% | $146 / Sq Ft | |
| 03/27/2021 03/27/21 | Sold | $410,000 | -36.9% | $75 / Sq Ft | View Prior Sale |
| 06/04/2020 06/04/20 | Pending | -- | -- | -- | |
| 07/02/2019 07/02/19 | For Sale | $650,000 | -- | $118 / Sq Ft |
Source: Realtracs
MLS Number: 3008963
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.