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
169 Royal Ln Gray, GA 169 Royal Ln, Gray, GA 31032 \| Single Family Residential	4 beds \| N/A baths \| 2,121 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $2380 Airbnb ROI: N/A Traditional ROI: 6.46%
1104 Boulder Dr Gray, GA Lovely 4 bed 2.5 bath home in a swim community which means you can stay cool in the pool t...	4 beds \| 2 baths \| 2,504 sq.ft.	$354,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.37% Airbnb Rental Income: $null Traditional Rental Income: $1972 Airbnb ROI: N/A Traditional ROI: 3.37%
4450 Rivercliff Way Gray, GA This beautiful 3 bedroom, 3.5 bath home offers both comfort and functionality with thought...	3 beds \| 4 baths \| 2,271 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $2472 Airbnb ROI: N/A Traditional ROI: 5.09%
766 Natures Walk Gray, GA Welcome to the Natures Walk community-a convenient location with charming small-town appea...	3 beds \| 3 baths \| 1,744 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $2206 Airbnb ROI: N/A Traditional ROI: 5.51%
128 Piedmont Lake Drive Gray, GA Contingent, Kick Out Clause From the moment you pull in, this home just feels right. Sitt...	5 beds \| 3 baths \| 2,507 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $2698 Airbnb ROI: N/A Traditional ROI: 4.88%
548 Greene Settlement Rd Gray, GA Spacious all brick home sits on 28 acre tract in Jones County Convenient to Gray. This two...	6 beds \| 3 baths \| 4,638 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.88% Airbnb Rental Income: $null Traditional Rental Income: $2413 Airbnb ROI: N/A Traditional ROI: 1.88%
845 Natures Walk Gray, GA Step into this stunning one-level Craftsman-style home, built in 2022 with low-maintenance...	3 beds \| 2 baths \| 1,290 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.27% Airbnb Rental Income: $null Traditional Rental Income: $2025 Airbnb ROI: N/A Traditional ROI: 6.27%
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.	$412,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.25% Airbnb Rental Income: $null Traditional Rental Income: $2532 Airbnb ROI: N/A Traditional ROI: 4.25%
303 Tumbling Shoals Court Gray, GA Stunning riverfront home set on an extraordinary 4.3-acre estate with 194 feet of pristine...	5 beds \| 5 baths \| 3,429 sq.ft.	$760,000	Airbnb cash on cash: 3.54% Traditional cash on cash: 4.53% Airbnb Rental Income: $5010 Traditional Rental Income: $4690 Airbnb ROI: 3.54% Traditional ROI: 4.53%
141 Hidden Lakes Drive Gray, GA Pristine perfection! This custom-built ranch-style home is packed with upgrades and truly ...	3 beds \| 2 baths \| 2,226 sq.ft.	$479,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.33% Airbnb Rental Income: $null Traditional Rental Income: $2375 Airbnb ROI: N/A Traditional ROI: 3.33%
176 Childs Street Gray, GA Charming 2-Bedroom Home in Downtown Gray! Come see this beautifully updated 2-bedroom, 1-b...	2 beds \| 1 baths \| 1,236 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.24% Airbnb Rental Income: $null Traditional Rental Income: $1186 Airbnb ROI: N/A Traditional ROI: 4.24%
236 Old Clinton Road Gray, GA Restored 1916 Gem on 1 Acre in Gray Experience timeless craftsmanship in this beautifully ...	3 beds \| 3 baths \| 1,645 sq.ft.	$264,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.16% Airbnb Rental Income: $null Traditional Rental Income: $2310 Airbnb ROI: N/A Traditional ROI: 7.16%
232 North Street Gray, GA $5000 BUYER CLOSING COSTS INCENTIVE! WHY PAY RENT?...BUY TODAY! Cute Home conveniently loc...	3 beds \| 2 baths \| 1,240 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.45% Airbnb Rental Income: $null Traditional Rental Income: $1608 Airbnb ROI: N/A Traditional ROI: 7.45%
229 Lite N Tie Rd Gray, GA This property is located in a very accessible and nice area in Gray, GA. Experience the s...	4 beds \| 2 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%
801 Holly 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.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.7% Airbnb Rental Income: $null Traditional Rental Income: $3026 Airbnb ROI: N/A Traditional ROI: 6.7%
191 Henry Drive Gray, GA This beautiful home offers oversized rooms and tons of space for comfortable living. The m...	3 beds \| 3 baths \| 3,008 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.63% Airbnb Rental Income: $null Traditional Rental Income: $2754 Airbnb ROI: N/A Traditional ROI: 6.63%
129 Woodland Drive Gray, GA Welcome home to 129 Woodland Drive in the heart of Gray, GA! This charming 3-bedroom, 2-ba...	3 beds \| 2 baths \| 1,128 sq.ft.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.52% Airbnb Rental Income: $null Traditional Rental Income: $1708 Airbnb ROI: N/A Traditional ROI: 7.52%
179 Stone Edge Drive 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.	$419,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.62% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 2.62%
118 Allan Green Drive Gray, GA Discover your dream home in Cedar Springs with this stunning brand-new one-level ranch! Th...	4 beds \| 3 baths \| 1,719 sq.ft.	$297,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.53% Airbnb Rental Income: $null Traditional Rental Income: $2247 Airbnb ROI: N/A Traditional ROI: 6.53%
160 Ethridge Place Gray, GA This charming home offers the perfect combination of peaceful county living and convenienc...	4 beds \| 2 baths \| 1,368 sq.ft.	$232,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.77% Airbnb Rental Income: $null Traditional Rental Income: $1561 Airbnb ROI: N/A Traditional ROI: 4.77%
801 Hollly Ridge Dr SE Gray, GA 801 Hollly Ridge Dr SE, Gray, GA 31032 \| Single Family Residential	5 beds \| 4 baths \| 2,707 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.81% Airbnb Rental Income: $null Traditional Rental Income: $2615 Airbnb ROI: N/A Traditional ROI: 4.81%
1023 Boulder Lot 65 Dr 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: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $2351 Airbnb ROI: N/A Traditional ROI: 4.42%
203 Hidden Lakes Dr Gray, GA 203 Hidden Lakes Dr, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$70,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.62% Airbnb Rental Income: $null Traditional Rental Income: $685 Airbnb ROI: N/A Traditional ROI: 6.62%
041 Hickory Ln Gray, GA 041 Hickory Ln, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$38,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.47% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 11.47%
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: 1.47% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 1.47%
0 Clinton Xing Gray, GA 0 Clinton Xing, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$69,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 5.86%
0 Clinton Crossing Dr Gray, GA 0 Clinton Crossing Dr, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$69,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 5.86%
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: 6.1% Airbnb Rental Income: $null Traditional Rental Income: $685 Airbnb ROI: N/A Traditional ROI: 6.1%
266 Clinton Crossing Dr Gray, GA 266 Clinton Crossing Dr, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$39,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.16% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 11.16%
238 Brittany Ln Gray, GA 238 Brittany Ln, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$52,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.01% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 8.01%
Auburn Plan Gray, GA Auburn Plan, Gray, GA 31032 \| Single Family Residential	5 beds \| 4 baths \| 2,580 sq.ft.	$331,990	Airbnb cash on cash: N/A Traditional cash on cash: 5.45% Airbnb Rental Income: $null Traditional Rental Income: $2391 Airbnb ROI: N/A Traditional ROI: 5.45%
337 Highway 18 W Gray, GA This country 4 bedroom 2 bath home offers the perfect blend of comfort and country living ...	4 beds \| 2 baths \| 2,325 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.94% Airbnb Rental Income: $null Traditional Rental Income: $2311 Airbnb ROI: N/A Traditional ROI: 5.94%
146 Overland Way Gray, GA New construction with character and charm! Come check out this beautiful 3 bedroom, 2 bath...	3 beds \| 2 baths \| 1,905 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $2296 Airbnb ROI: N/A Traditional ROI: 5.41%
204 Creekside Dr Gray, GA 204 Creekside Dr, Gray, GA 31032 \| Single Family Residential	3 beds \| 2 baths \| 4,460 sq.ft.	$539,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.75% Airbnb Rental Income: $null Traditional Rental Income: $1441 Airbnb ROI: N/A Traditional ROI: 0.75%
137 Buck Road Gray, GA Stop the search! This is the one! This 4 bedroom, 3 bath home has been completely updated ...	4 beds \| 3 baths \| 3,018 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.38% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 4.38%
144 Overland Way Gray, GA New construction with timeless character and custom-style charm! Situated on over a half-a...	4 beds \| 2 baths \| 2,216 sq.ft.	$365,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.84% Airbnb Rental Income: $null Traditional Rental Income: $2414 Airbnb ROI: N/A Traditional ROI: 4.84%
337 Hwy 18 Gray, GA This country 4 bedroom 2 bath home offers the perfect blend of comfort and country living ...	4 beds \| 2 baths \| 2,325 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.03% Airbnb Rental Income: $null Traditional Rental Income: $2619 Airbnb ROI: N/A Traditional ROI: 7.03%
272 Clinton Crossing Drive Gray, GA This impressive 4 bedroom 2.5 Bath custom home offers convenient access to Gray, making it...	4 beds \| 3 baths \| 2,748 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.43% Airbnb Rental Income: $null Traditional Rental Income: $2568 Airbnb ROI: N/A Traditional ROI: 3.43%
197 Stone Edge Drive Gray, GA Beautifully maintained home situated on 4+ private acres with **shared access to a ful...	4 beds \| 3 baths \| 2,447 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.12% Airbnb Rental Income: $null Traditional Rental Income: $2448 Airbnb ROI: N/A Traditional ROI: 3.12%
166 Howard Court Gray, GA This 3 bedroom, 2.5 bath home in Jones County offers an open floor plan that's perfect for...	3 beds \| 3 baths \| 1,590 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.34% Airbnb Rental Income: $null Traditional Rental Income: $1907 Airbnb ROI: N/A Traditional ROI: 5.34%

Real Estate investment in Gray, GA

There are 54 properties for sale in the city of Gray . The median list price in Gray is $272,500 and the average price per square foot is $117. In April 2026, the average monthly cash on cash return in Gray is 6.00%. The average monthly rental income in Gray is $1,947.

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

There are 54 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 $1,947.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, GA

169 Royal Ln

Gray, GA

4 beds | N/A baths | 2,121 sq.ft.

$289,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.46%

Airbnb Rental Income: $null

Traditional Rental Income: $2380

Airbnb ROI: N/A

Traditional ROI: 6.46%

1104 Boulder Dr

Gray, GA

4 beds | 2 baths | 2,504 sq.ft.

$354,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.37%

Airbnb Rental Income: $null

Traditional Rental Income: $1972

Airbnb ROI: N/A

Traditional ROI: 3.37%

4450 Rivercliff Way

Gray, GA

3 beds | 4 baths | 2,271 sq.ft.

$369,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2472

Airbnb ROI: N/A

Traditional ROI: 5.09%

766 Natures Walk

Gray, GA

3 beds | 3 baths | 1,744 sq.ft.

$280,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.51%

Airbnb Rental Income: $null

Traditional Rental Income: $2206

Airbnb ROI: N/A

Traditional ROI: 5.51%

128 Piedmont Lake Drive

Gray, GA

5 beds | 3 baths | 2,507 sq.ft.

$400,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2698

Airbnb ROI: N/A

Traditional ROI: 4.88%

548 Greene Settlement Rd

Gray, GA

6 beds | 3 baths | 4,638 sq.ft.

$750,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2413

Airbnb ROI: N/A

Traditional ROI: 1.88%

845 Natures Walk

Gray, GA

3 beds | 2 baths | 1,290 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.27%

Airbnb Rental Income: $null

Traditional Rental Income: $2025

Airbnb ROI: N/A

Traditional ROI: 6.27%

219 Diamond Pl

Gray, GA

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

$412,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.25%

Airbnb Rental Income: $null

Traditional Rental Income: $2532

Airbnb ROI: N/A