Real Estate Investment Properties for Sale in Gray, GA

Looking for investment property in Gray, GA with high ROI ?

Explore a variety of short-term homes & houses in Gray, GA. Invest wisely with VRBO & Gray, GA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Gray, GA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
354 Pineview Rd Gray, GA *Must See to Appreciate!!!* This gorgeous property is reminiscent of the Smoky Mounta...	3 beds \| 2 baths \| 2,592 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.59% Airbnb Rental Income: $null Traditional Rental Income: $1845 Airbnb ROI: N/A Traditional ROI: 3.59%
219 Diamond Pl Gray, GA New floor plan in Piedmont Lake Subdivision. open 2 story foyer, formal dining room, open ...	4 beds \| 3 baths \| 2,438 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.21% Airbnb Rental Income: $null Traditional Rental Income: $2532 Airbnb ROI: N/A Traditional ROI: 4.21%
509 Aaron Circle Gray, GA Welcome home to this well-cared-for 3-bedroom, 2-bath residence nestled on a spacious half...	3 beds \| 2 baths \| 1,889 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.12% Airbnb Rental Income: $null Traditional Rental Income: $1747 Airbnb ROI: N/A Traditional ROI: 4.12%
236 Old Clinton Rd Gray, GA Restored 1916 Gem on 1 Acre in GrayExperience timeless craftsmanship in this beautifully r...	3 beds \| 3 baths \| 1,645 sq.ft.	$274,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.86% Airbnb Rental Income: $null Traditional Rental Income: $2310 Airbnb ROI: N/A Traditional ROI: 6.86%
270 Katherine Dr Gray, GA ****The builder is offering $15,000 toward a rate buy down, closing costs, fence allowance...	3 beds \| 3 baths \| 2,138 sq.ft.	$346,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.09% Airbnb Rental Income: $null Traditional Rental Income: $2745 Airbnb ROI: N/A Traditional ROI: 7.09%
125 Tumbling Shoals Gray, GA Welcome to your dream home! This beautiful brick residence offers 4 spacious bedrooms, 3.5...	4 beds \| 4 baths \| 4,058 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $2623 Airbnb ROI: N/A Traditional ROI: 4.88%
232 North St Gray, GA $5000 BUYER CLOSING COSTS INCENTIVE! WHY PAY RENT?...BUY TODAY! Cute Home conveniently loc...	3 beds \| 2 baths \| 1,240 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.61% Airbnb Rental Income: $null Traditional Rental Income: $1608 Airbnb ROI: N/A Traditional ROI: 6.61%
143 Ragan Dr Gray, GA Very nice 3-bedroom, 2-bath home on over an acre!Conveniently located between Gray and...	3 beds \| 2 baths \| 1,568 sq.ft.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.42% Airbnb Rental Income: $null Traditional Rental Income: $1723 Airbnb ROI: N/A Traditional ROI: 6.42%
124 Ridgecrest Place Gray, GA Welcome to 124 Ridgecrest Place â a spacious and inviting 4-bedroom, 3-bathroom home des...	4 beds \| 3 baths \| 2,651 sq.ft.	$455,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $3111 Airbnb ROI: N/A Traditional ROI: 5.17%
229 Lite N Tie Road Gray, GA This property is located in a very accessible and nice area in Gray, GA. Experience the s...	4 beds \| 3 baths \| 2,256 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.06% Airbnb Rental Income: $null Traditional Rental Income: $2582 Airbnb ROI: N/A Traditional ROI: 6.06%
1971 Highway 49 Gray, GA Embrace the pinnacle of country luxury with this stunning 2,852 sq ft custom barndominium,...	1 beds \| 2 baths \| 2,852 sq.ft.	$1,500,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.39% Airbnb Rental Income: $null Traditional Rental Income: $2224 Airbnb ROI: N/A Traditional ROI: -0.39%
255 Katherine Dr SW Gray, GA Looking for a home that checks all the boxes? Welcome to 255 Katherine Drive, where space...	3 beds \| 2 baths \| 2,122 sq.ft.	$324,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.03% Airbnb Rental Income: $null Traditional Rental Income: $2174 Airbnb ROI: N/A Traditional ROI: 5.03%
255 Katherine Drive Gray, GA Looking for a home that checks all the boxes? Welcome to 255 Katherine Drive, where space...	3 beds \| 3 baths \| 2,122 sq.ft.	$324,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.64% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 5.64%
209 Needlecrest Dr Gray, GA Back on the market due to no fault of the seller*Welcome to 209 Needlecrest Drive in ...	4 beds \| 3 baths \| 2,075 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.41% Airbnb Rental Income: $null Traditional Rental Income: $2329 Airbnb ROI: N/A Traditional ROI: 8.41%
136 Fortville Road Gray, GA Exquisite Waterfront Luxury Estate on 20.77 Acres Experience unparalleled elegance in this...	4 beds \| 4 baths \| 3,068 sq.ft.	$795,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.32% Airbnb Rental Income: $null Traditional Rental Income: $3970 Airbnb ROI: N/A Traditional ROI: 3.32%
801 Hollly Ridge Drive Gray, GA Welcome to 801 Holly Ridge Drive in Gray. This beautifully crafted home, built in 2021, is...	5 beds \| 4 baths \| 2,707 sq.ft.	$410,700	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $3026 Airbnb ROI: N/A Traditional ROI: 6.5%
122 Allan Green Dr Gray, GA Discover your dream home in Cedar Springs with this brand-new construction! This inviting ...	3 beds \| 2 baths \| 1,719 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.64% Airbnb Rental Income: $null Traditional Rental Income: $2191 Airbnb ROI: N/A Traditional ROI: 5.64%
664 Aaron Circle Gray, GA Welcome home to this beautiful 5 bedroom, 3 bath home located in one of Jones County's mos...	5 beds \| 3 baths \| 2,680 sq.ft.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.03% Airbnb Rental Income: $null Traditional Rental Income: $2573 Airbnb ROI: N/A Traditional ROI: 5.03%
191 Henry Dr Gray, GA This beautiful home offers oversized rooms and tons of space for comfortable living. The m...	3 beds \| 2 baths \| 3,008 sq.ft.	$419,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.03% Airbnb Rental Income: $null Traditional Rental Income: $2754 Airbnb ROI: N/A Traditional ROI: 5.03%
125 Tumbling Shoals Dr Gray, GA Welcome to your dream home! This beautiful brick residence offers 4 spacious bedrooms, 3.5...	4 beds \| 3 baths \| 4,058 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $3277 Airbnb ROI: N/A Traditional ROI: 6.68%
129 Woodland Dr Gray, GA Welcome home to 129 Woodland Drive in the heart of Gray, GA! This charming 3-bedroom, 2-ba...	3 beds \| 1 baths \| 1,128 sq.ft.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $1708 Airbnb ROI: N/A Traditional ROI: 5.87%
3331 Trotters Ridge Trl Gray, GA Welcome to 3331 Trotter's Ridge Trail - a spacious two story home in one of Gray's most co...	4 beds \| 3 baths \| 1,604 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $1935 Airbnb ROI: N/A Traditional ROI: 5.41%
103 Oakview Cir Gray, GA Beautiful One Owner One Level Brick Home On 2+ Wooded Acres In An Established Neighborhood...	3 beds \| 2 baths \| 2,329 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.03% Airbnb Rental Income: $null Traditional Rental Income: $2267 Airbnb ROI: N/A Traditional ROI: 4.03%
179 Stone Edge Dr Gray, GA Here it is! Homes in this subdivision rarely come available, and this four-sided brick bea...	3 beds \| 2 baths \| 2,568 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.53% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 2.53%
160 Ethridge Pl Gray, GA 160 Ethridge Pl, Gray, GA 31032 \| Single Family Residential	4 beds \| 2 baths \| 1,368 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $1696 Airbnb ROI: N/A Traditional ROI: 5.15%
4009 Gray Hwy Gray, GA 4009 Gray Hwy, Gray, GA 31032 \| Single Family Residential	3 beds \| 2 baths \| 1,364 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.3% Airbnb Rental Income: $null Traditional Rental Income: $1711 Airbnb ROI: N/A Traditional ROI: 3.3%
1023 Boulder Drive Lot 65 Gray, GA 1023 Boulder Dr Lot 65, Gray, GA 31032 \| Single Family Residential	5 beds \| 3 baths \| 2,608 sq.ft.	$373,015	Airbnb cash on cash: N/A Traditional cash on cash: 4.3% Airbnb Rental Income: $null Traditional Rental Income: $2351 Airbnb ROI: N/A Traditional ROI: 4.3%
0 5 Points Rd Gray, GA 0 5 Points Rd, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$869,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.71% Airbnb Rental Income: $null Traditional Rental Income: $1065 Airbnb ROI: N/A Traditional ROI: -0.71%
184 Tumbling Shoals Dr Gray, GA 184 Tumbling Shoals Dr, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.26% Airbnb Rental Income: $null Traditional Rental Income: $1065 Airbnb ROI: N/A Traditional ROI: 4.26%
238 Hidden Lakes Dr Gray, GA 238 Hidden Lakes Dr, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $1065 Airbnb ROI: N/A Traditional ROI: 3.47%
4255 Upper River Rd Gray, GA 4255 Upper River Rd, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$74,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.24% Airbnb Rental Income: $null Traditional Rental Income: $1065 Airbnb ROI: N/A Traditional ROI: 11.24%
0 Braswell Lake Rd Gray, GA 0 Braswell Lake Rd, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$95,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.59% Airbnb Rental Income: $null Traditional Rental Income: $1065 Airbnb ROI: N/A Traditional ROI: 8.59%
247 Southern Walk Circle Gray, GA WELCOME HOME!!! You will definitely feel right at home when you move in. There is nothing ...	3 beds \| 2 baths \| 1,744 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.79% Airbnb Rental Income: $null Traditional Rental Income: $2206 Airbnb ROI: N/A Traditional ROI: 5.79%
133 Oakview Circle Gray, GA Welcome home to this warm and inviting 3-bedroom, 3 & 1/2-bath home tucked away in the qui...	3 beds \| 4 baths \| 2,500 sq.ft.	$344,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.12% Airbnb Rental Income: $null Traditional Rental Income: $2688 Airbnb ROI: N/A Traditional ROI: 6.12%
193 Virginia Avenue Gray, GA Welcome to 193 Virginia Ave, a stunning 3-bedroom, 2-bathroom home in Gray. Spanning 2,188...	3 beds \| 2 baths \| 2,188 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $2297 Airbnb ROI: N/A Traditional ROI: 6.59%
169 Maynard Road Gray, GA Discover the perfect blend of comfort, privacy, and natural beauty with this stunning home...	3 beds \| 3 baths \| 2,499 sq.ft.	$480,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.83% Airbnb Rental Income: $null Traditional Rental Income: $2673 Airbnb ROI: N/A Traditional ROI: 3.83%
332 Hickory Lane Gray, GA Welcome to 332 Hickory Ln - a stunning retreat offering luxury, space, and comfort. This e...	4 beds \| 4 baths \| 2,976 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.46% Airbnb Rental Income: $null Traditional Rental Income: $3456 Airbnb ROI: N/A Traditional ROI: 4.46%

Real Estate investment in Gray, GA

There are 42 properties for sale in the city of Gray . The median list price in Gray is $331,990 and the average price per square foot is $129. In January 2026, the average monthly cash on cash return in Gray is 6.00%. The average monthly rental income in Gray is $1,735.

Gray, GA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 42 investment properties available for sale in Gray.

The ROI for Long-Term is higher than the Short-Term in Gray with average rental income of $1,735.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, GA

354 Pineview Rd

Gray, GA

3 beds | 2 baths | 2,592 sq.ft.

$339,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.59%

Airbnb Rental Income: $null

Traditional Rental Income: $1845

Airbnb ROI: N/A

Traditional ROI: 3.59%

219 Diamond Pl

Gray, GA

4 beds | 3 baths | 2,438 sq.ft.

$415,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.21%

Airbnb Rental Income: $null

Traditional Rental Income: $2532

Airbnb ROI: N/A

Traditional ROI: 4.21%

509 Aaron Circle

Gray, GA

3 beds | 2 baths | 1,889 sq.ft.

$299,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.12%

Airbnb Rental Income: $null

Traditional Rental Income: $1747

Airbnb ROI: N/A

Traditional ROI: 4.12%

236 Old Clinton Rd

Gray, GA

3 beds | 3 baths | 1,645 sq.ft.

$274,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.86%

Airbnb Rental Income: $null

Traditional Rental Income: $2310

Airbnb ROI: N/A

Traditional ROI: 6.86%

270 Katherine Dr

Gray, GA

3 beds | 3 baths | 2,138 sq.ft.

$346,500

Airbnb cash on cash: N/A

Traditional cash on cash: 7.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2745

Airbnb ROI: N/A

Traditional ROI: 7.09%

125 Tumbling Shoals

Gray, GA

4 beds | 4 baths | 4,058 sq.ft.

$395,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2623

Airbnb ROI: N/A

Traditional ROI: 4.88%

232 North St

Gray, GA

3 beds | 2 baths | 1,240 sq.ft.

$194,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.61%

Airbnb Rental Income: $null

Traditional Rental Income: $1608

Airbnb ROI: N/A

Traditional ROI: 6.61%

143 Ragan Dr

Gray, GA

3 beds | 2 baths | 1,568 sq.ft.

$219,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.42%

Airbnb Rental Income: $null

Traditional Rental Income: $1723

Airbnb ROI: N/A