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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
134 Royal Ln Gray, GA This 4-bedroom home offers a split floor plan and sits on a spacious lot with a fenced-in ...	4 beds \| 2 baths \| 2,037 sq.ft.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.97% Airbnb Rental Income: $null Traditional Rental Income: $1696 Airbnb ROI: N/A Traditional ROI: 3.97%
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%
810 Holly Ridge Dr Gray, GA Move in ready and beautifully maintained, this one level home is located in the highly des...	4 beds \| 2 baths \| 2,308 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.08% Airbnb Rental Income: $null Traditional Rental Income: $2388 Airbnb ROI: N/A Traditional ROI: 6.08%
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.	$800,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.18% Airbnb Rental Income: $null Traditional Rental Income: $2768 Airbnb ROI: N/A Traditional ROI: 2.18%
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%
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%
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%
176 Tumbling Shoals Dr Gray, GA Riverfront estate on 4.2 acres located on a quiet cul-de-sac street in Jones County. This ...	4 beds \| 3 baths \| 4,550 sq.ft.	$779,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $4422 Airbnb ROI: N/A Traditional ROI: 3.84%
814 Natures Walk Gray, GA Stunning Ranch Home is ready for New Homeowner! Discover your dream home in the sought-aft...	3 beds \| 2 baths \| 1,860 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.62% Airbnb Rental Income: $null Traditional Rental Income: $2331 Airbnb ROI: N/A Traditional ROI: 5.62%
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.	$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%
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.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $2754 Airbnb ROI: N/A Traditional ROI: 5.56%
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%
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.	$260,000	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 48 Hour Kick-Out Beautiful One Owner One Level Brick Home On 2+ Wooded Acres In An Estab...	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%
122 Oak Dr Gray, GA Why wait to build when you can have better than new? This stunning 3-bedroom, 2-bath home ...	3 beds \| 2 baths \| 2,000 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.58% Airbnb Rental Income: $null Traditional Rental Income: $2138 Airbnb ROI: N/A Traditional ROI: 4.58%
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%
118 Allan Green Dr 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 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: 4.56% Airbnb Rental Income: $null Traditional Rental Income: $1561 Airbnb ROI: N/A Traditional ROI: 4.56%
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%
250 Stone Brooke Dr. Lot 133 Gray, GA 250 Stone Brooke Dr Lot 133, Gray, GA 31032 \| Single Family Residential	5 beds \| 3 baths \| 2,608 sq.ft.	$362,912	Airbnb cash on cash: N/A Traditional cash on cash: 4.47% Airbnb Rental Income: $null Traditional Rental Income: $2351 Airbnb ROI: N/A Traditional ROI: 4.47%
041 Hickory Ln Gray, GA 041 Hickory Ln, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$46,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.37% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 9.37%
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: -1.24% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: -1.24%
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%
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: 1.03% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 1.03%
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%
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%
0 Braswell Lake Rd Gray, GA 0 Braswell Lake Rd, Gray, GA 31032 \| Other	N/A beds \| N/A baths \| N/A	$90,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.14% Airbnb Rental Income: $null Traditional Rental Income: $625 Airbnb ROI: N/A Traditional ROI: 4.14%
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%
377 Plentitude Church Rd Gray, GA Gorgeous New Construction on a one acre corner lot in Jones County. This beautifully desig...	3 beds \| 3 baths \| 2,138 sq.ft.	$361,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.03% Airbnb Rental Income: $null Traditional Rental Income: $2792 Airbnb ROI: N/A Traditional ROI: 6.03%
354 Lite N Tie Rd Gray, GA 354 Lite N Tie Rd, Gray, GA 31032 \| Single Family Residential	5 beds \| 5 baths \| 7,387 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.76% Airbnb Rental Income: $null Traditional Rental Income: $4226 Airbnb ROI: N/A Traditional ROI: 2.76%
583 Greene Settlement Rd Gray, GA 583 Greene Settlement Rd, Gray, GA 31032 \| Single Family Residential	4 beds \| 2 baths \| 1,536 sq.ft.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.93% Airbnb Rental Income: $null Traditional Rental Income: $1719 Airbnb ROI: N/A Traditional ROI: 5.93%
128 Piedmont Lk Gray, GA From the moment you pull in, this home just feels right. Sitting on a private 1.01-acre lo...	5 beds \| 3 baths \| 2,507 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.39% Airbnb Rental Income: $null Traditional Rental Income: $2601 Airbnb ROI: N/A Traditional ROI: 4.39%

Real Estate investment in Gray, GA

There are 55 properties for sale in the city of Gray . The median list price in Gray is $297,500 and the average price per square foot is $116. In February 2026, the average monthly cash on cash return in Gray is 6.00%. The average monthly rental income in Gray is $1,921.

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

There are 55 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 $1,921.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, GA

134 Royal Ln

Gray, GA

4 beds | 2 baths | 2,037 sq.ft.

$289,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.97%

Airbnb Rental Income: $null

Traditional Rental Income: $1696

Airbnb ROI: N/A

Traditional ROI: 3.97%

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%

810 Holly Ridge Dr

Gray, GA

4 beds | 2 baths | 2,308 sq.ft.

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.08%

Airbnb Rental Income: $null

Traditional Rental Income: $2388

Airbnb ROI: N/A

Traditional ROI: 6.08%

548 Greene Settlement Rd

Gray, GA

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

$800,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.18%

Airbnb Rental Income: $null

Traditional Rental Income: $2768

Airbnb ROI: N/A

Traditional ROI: 2.18%

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%

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