Real Estate Investment Properties for Sale in Challis, ID

Looking for investment property in Challis, ID with high ROI ?

Explore a variety of short-term homes & houses in Challis, ID. Invest wisely with VRBO & Challis, ID 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 Challis, ID

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
400 Lagoon Lane Challis, ID \|Updated Pricing\|Found on the banks of the scenic Salmon River near Challis, this 20-acre ...	3 beds \| 2 baths \| 2,877 sq.ft.	$1,400,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 1.03% Airbnb Rental Income: $1198 Traditional Rental Income: $2914 Airbnb ROI: -0.58% Traditional ROI: 1.03%
176 Valley Court Challis, ID Bring your family, horses, and chickens to this recently updated split-level home on 0.81 ...	4 beds \| 4 baths \| 2,910 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $2821 Airbnb ROI: N/A Traditional ROI: 6.78%
2651 Challis Creek Road Challis, ID Very productive smaller hay ranch with excellent irrigation rights. Nice horse set up. Lar...	4 beds \| 2 baths \| 2,196 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.15% Airbnb Rental Income: $null Traditional Rental Income: $2847 Airbnb ROI: N/A Traditional ROI: 3.15%
2656 Challis Creek Road Challis, ID If you are looking for a place in the country to raise your own animals then take a look a...	4 beds \| 2 baths \| 3,024 sq.ft.	$620,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.94% Airbnb Rental Income: $null Traditional Rental Income: $3011 Airbnb ROI: N/A Traditional ROI: 3.94%
1021 S 10th Street Challis, ID Large 5 bed, 3 bath home under $300,000! Right in the heart of beautiful, quiet Challis. ...	5 beds \| 3 baths \| 2,528 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.82% Airbnb Rental Income: $null Traditional Rental Income: $3236 Airbnb ROI: N/A Traditional ROI: 10.82%
699 Stephens Road Challis, ID Take a look at this turn key countryside home. If you're on the search for a rustic look, ...	4 beds \| 3 baths \| 3,420 sq.ft.	$520,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.99% Airbnb Rental Income: $null Traditional Rental Income: $3086 Airbnb ROI: N/A Traditional ROI: 4.99%
24230 Hwy 75 Challis, ID PRICE REDUCED! Surrounded by BLM land and right across the street from Salmon River access...	3 beds \| 2 baths \| 1,622 sq.ft.	$349,500	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.94% Airbnb Rental Income: $1198 Traditional Rental Income: $2411 Airbnb ROI: 1.07% Traditional ROI: 5.94%
4585 Garden Creek Road Challis, ID Very private acreage with creek frontage and a custom built log home in the Garden Creek a...	3 beds \| 2 baths \| 2,136 sq.ft.	$795,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 2.66% Airbnb Rental Income: $1198 Traditional Rental Income: $2894 Airbnb ROI: -0.15% Traditional ROI: 2.66%
510 E Valley Avenue Challis, ID Very nice home on 3 lots with historical ties to Challis. 3 bd 2 bth home on two floors ha...	3 beds \| 2 baths \| 1,787 sq.ft.	$325,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 6.71% Airbnb Rental Income: $1198 Traditional Rental Income: $2511 Airbnb ROI: 1.14% Traditional ROI: 6.71%
810 Excelsior Lane Challis, ID Beautiful new construction home on 0.26 of an acre in Challis. Three bedroom two bath home...	3 beds \| 2 baths \| 1,442 sq.ft.	$335,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 6.16% Airbnb Rental Income: $1198 Traditional Rental Income: $2363 Airbnb ROI: 1.22% Traditional ROI: 6.16%
1110 Apex Lane Challis, ID Very attractive custom built home on 0.28 of an acre in Challis. Two bedroom two bath home...	2 beds \| 2 baths \| 1,210 sq.ft.	$349,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 5.08% Airbnb Rental Income: $1445 Traditional Rental Income: $2101 Airbnb ROI: 1.76% Traditional ROI: 5.08%
3100 Challis Creek Road Challis, ID Beautiful ranch home has been totally updated and planned for comfort and efficiency. Imma...	3 beds \| 3 baths \| 2,748 sq.ft.	$773,500	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.47% Airbnb Rental Income: $1198 Traditional Rental Income: $3373 Airbnb ROI: -0.09% Traditional ROI: 3.47%
1115 Wilson Road Challis, ID This 3-bedroom, 1-bathroom home sits on irrigated acreage and includes excellent water rig...	3 beds \| 1 baths \| 960 sq.ft.	$550,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 2.04% Airbnb Rental Income: $1198 Traditional Rental Income: $1731 Airbnb ROI: 0.25% Traditional ROI: 2.04%
320 S 6th Street Challis, ID Nestled on a spacious double city lot, this charming home presents an abundance of potenti...	2 beds \| 1 baths \| 1,280 sq.ft.	$250,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 6.03% Airbnb Rental Income: $1445 Traditional Rental Income: $1816 Airbnb ROI: 2.64% Traditional ROI: 6.03%
1321 Garden Creek Road Challis, ID Welcome to 1321 Garden Creek Rd- Your own slice of country paradise on just over five beau...	4 beds \| 3 baths \| 1,872 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $2848 Airbnb ROI: N/A Traditional ROI: 5.1%
24707 Hwy 93 Challis, ID Pretty home w/large warehouse on approx. 1.88 acres. Very attractive 3 bdrm 2 bth 2112 sqf...	3 beds \| 2 baths \| 2,150 sq.ft.	$596,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 3.55% Airbnb Rental Income: $1198 Traditional Rental Income: $2673 Airbnb ROI: 0.2% Traditional ROI: 3.55%
9885 Challis Creek Rd Challis, ID A timeless haven crafted for you and the horses you love. Nestled within a secluded equine...	5 beds \| 4 baths \| 4,303 sq.ft.	$1,800,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.57% Airbnb Rental Income: $null Traditional Rental Income: $4541 Airbnb ROI: N/A Traditional ROI: 1.57%
930 Excelsior Lane Challis, ID Adorable 3 bed 1 bath completely move in ready! This home has been lovingly cared for and...	3 beds \| 1 baths \| 1,080 sq.ft.	$269,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 5.68% Airbnb Rental Income: $1198 Traditional Rental Income: $1835 Airbnb ROI: 1.64% Traditional ROI: 5.68%
220 S 10th Street Challis, ID Very pretty home with extra-large shop with auto doors. Room for cars, trucks, big toys, a...	2 beds \| 1 baths \| 1,087 sq.ft.	$259,000	Airbnb cash on cash: 2.57% Traditional cash on cash: 5.83% Airbnb Rental Income: $1445 Traditional Rental Income: $1813 Airbnb ROI: 2.57% Traditional ROI: 5.83%

Real Estate investment in Challis, ID

There are 19 properties for sale in the city of Challis . The median list price in Challis is $417,500 and the average price per square foot is $193. In September 2025, the average monthly cash on cash return in Challis is 5.00%. The average monthly rental income in Challis is $2,834.

Challis, ID Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 19 investment properties available for sale in Challis.

In 2025, the best neighborhood to buy investment property is Challis.

The ROI for Long-Term is higher than the Short-Term in Challis with average rental income of $2,834.

Your search for investment property begins and ends here

Investment Property for Sale in Challis, ID

400 Lagoon Lane

Challis, ID

3 beds | 2 baths | 2,877 sq.ft.

$1,400,000

Airbnb cash on cash: -0.58%

Traditional cash on cash: 1.03%

Airbnb Rental Income: $1198

Traditional Rental Income: $2914

Airbnb ROI: -0.58%

Traditional ROI: 1.03%

176 Valley Court

Challis, ID

4 beds | 4 baths | 2,910 sq.ft.

$360,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.78%

Airbnb Rental Income: $null

Traditional Rental Income: $2821

Airbnb ROI: N/A

Traditional ROI: 6.78%

2651 Challis Creek Road

Challis, ID

4 beds | 2 baths | 2,196 sq.ft.

$699,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.15%

Airbnb Rental Income: $null

Traditional Rental Income: $2847

Airbnb ROI: N/A

Traditional ROI: 3.15%

2656 Challis Creek Road

Challis, ID

4 beds | 2 baths | 3,024 sq.ft.

$620,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.94%

Airbnb Rental Income: $null

Traditional Rental Income: $3011

Airbnb ROI: N/A

Traditional ROI: 3.94%

1021 S 10th Street

Challis, ID

5 beds | 3 baths | 2,528 sq.ft.

$270,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.82%

Airbnb Rental Income: $null

Traditional Rental Income: $3236

Airbnb ROI: N/A

Traditional ROI: 10.82%

699 Stephens Road

Challis, ID

4 beds | 3 baths | 3,420 sq.ft.

$520,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.99%

Airbnb Rental Income: $null

Traditional Rental Income: $3086

Airbnb ROI: N/A

Traditional ROI: 4.99%

24230 Hwy 75

Challis, ID

3 beds | 2 baths | 1,622 sq.ft.

$349,500

Airbnb cash on cash: 1.07%

Traditional cash on cash: 5.94%

Airbnb Rental Income: $1198

Traditional Rental Income: $2411

Airbnb ROI: 1.07%

Traditional ROI: 5.94%

4585 Garden Creek Road

Challis, ID

3 beds | 2 baths | 2,136 sq.ft.

$795,000

Airbnb cash on cash: -0.15%

Traditional cash on cash: 2.66%

Airbnb Rental Income: $1198

Traditional Rental Income: $2894

Airbnb ROI: -0.15%