Kristin Laine
Boxwood Properties, LLC
(615) 640-4453
35 Total Sales
3 in Dickson
$180K - $368K Price Range
151 Covington Ln Dickson, TN 37055
Dickson Area
--
Beds
--
Baths
5,491
Sq Ft
1983
Built
Highlights
- No HOA
- Central Heating and Cooling System
- Carpet
- Centennial Elementary School Rated 9+
- 2 Car Garage
- Property has 1 Level
About This Home
As of July 2026STABILIZED 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
Last Agent to Sell the Property
Realty One Group Music City Brokerage Phone: 6159431644 License #328692 Listed on: 10/02/2025
Last Buyer's Agent
NONMLS NONMLS
License #2211
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,349
Year Built
- Built in 1983
Parking
- 2 Car Garage
- Side Facing Garage
- Gravel Driveway
- 10 Open Parking Spaces
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
Schools
- Centennial Elementary School
- Dickson Middle School
- Dickson County High School
Utilities
- Central Heating and Cooling System
- Septic Tank
Listing and Financial Details
- Total Actual Rent $6,400
Community Details
Overview
- No Home Owners Association
- 6 Units
- County Subdivision
Building Details
- Gross Income $8,289
- Net Operating Income $8,289
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Dickson, TN
-
Kristin Laine
-
Kate Goeringer
Kate Goeringer
Brick Realty
(615) 819-1770
90 Total Sales
1 in Dickson
$260,000 Price
-
Jessica McCarty
Jessica McCarty
Compass Tennessee, LLC
(615) 709-5037
161 Total Sales
1 in Dickson
$529,900 Price
-
Marlina Ervin
Marlina Ervin
Keller Williams Realty
(931) 286-7264
77 Total Sales
1 in Dickson
$580,000 Price
-
Michael Cadle
Michael Cadle
Benchmark Realty, LLC
(615) 541-1668
48 Total Sales
1 in Dickson
$379,900 Price
-
Becca Gilbert
Becca Gilbert
Responds QuicklySimpliHOM
(629) 218-3618
54 Total Sales
1 in Dickson
$300,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/24/2026 07/24/26 | Sold | $750,000 | -5.1% | $137 / Sq Ft | |
| 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 | +6.7% | $146 / Sq Ft | |
| 02/01/2026 02/01/26 | Off Market | $750,000 | -- | -- | |
| 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
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Trey Sugg
Seller's Agent in 2026
Trey Sugg
Realty One Group Music City
(615) 943-1644
53 Total Sales
-
NN
Buyer's Agent in 2026
NONMLS NONMLS
-
Amanda Crist
Seller's Agent in 2021
Amanda Crist
Ragan's Five Rivers Realty &
(615) 308-2627
67 Total Sales
Map
Source: Realtracs
MLS Number: 3008963
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.
Based on information submitted to the MLS GRID
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