RateMyAgentGo to search
Back 151 Covington Ln
Off Market

151 Covington Ln

Dickson TN 37055

12
5491 sq. ft.
Multi-Family
Last sold for $750,000
William Trey SuggWilliam Trey Sugg, last sold this property on 27 July 2026 after 1012 days on market.

Overview

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

Features

12 carspaces
10 open car spaces
2 garage spaces
5491 sq. ft. floor area
Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Dickson over the last 12 months.

Property history for 151 Covington Ln

2026
Sold
$750,000
27 Jul 2026 by William Trey Sugg, of Realty One Group Music City

Happy sellers in Dickson

<50%
Less than 50% of sellers in Dickson reported that their sale price either exceeded or met their price expectations.

Dickson stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Dickson over the last 12 months.

Local market activity for multi families in Dickson

In the last 12 months, 1 multi family similar to 151 Covington Ln, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Dickson

placeholder
Ryan Essary

Ryan Essary is an award winning recommended agent for Dickson.  They have 6 local sales and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Dickson
  •  6 Sales in Dickson
View profile
placeholder
Kristi Duke

Kristi Duke is a recommended agent for Dickson.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (9 reviews)
  •  1 Review in Dickson
  •  3 Sales in Dickson
View profile
placeholder
Holly Black

Sellers who recommend Holly Black have praised them for being local expert, clear communication, supportive, responsive, reliable, great negotiation, and dedicated

  •   5   (79 reviews)
  •  1 Review in Dickson
  •  3 Sales in Dickson
View profile
placeholder
John Cole

John Cole is a recommended agent for Dickson.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Dickson
  •  1 Sale in Dickson
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap