Real Estate Investment Properties for Sale in Gray, KY

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
85 Mary Ann Drive Gray, KY Welcome home to 85 Mary Ann Drive in Gray, Kentucky - a beautifully updated brick ranch of...	3 beds \| 2 baths \| 1,949 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.25% Airbnb Rental Income: $null Traditional Rental Income: $2014 Airbnb ROI: N/A Traditional ROI: 4.25%
152 Yellow Bird Ln Gray, KY Welcome to 152 Yellow Bird Lane, a luxurious custom-built 2014 brick estate on 14.8 acres ...	4 beds \| 6 baths \| 3,900 sq.ft.	$819,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.48% Airbnb Rental Income: $null Traditional Rental Income: $3401 Airbnb ROI: N/A Traditional ROI: 2.48%
447 Arkle Road Gray, KY Looking for an affordable farm?? Here it is folks!! Take a look at this historic farmhouse...	2 beds \| 1 baths \| 1,852 sq.ft.	$159,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 3.82% Airbnb Rental Income: $826 Traditional Rental Income: $955 Airbnb ROI: 0.82% Traditional ROI: 3.82%
406 Kentucky Rte 233 Gray, KY	3 beds \| 2 baths \| 1,876 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.27% Airbnb Rental Income: $null Traditional Rental Income: $2339 Airbnb ROI: N/A Traditional ROI: 11.27%
2922 State Highway 1232 Gray, KY Welcome to country living at its finest! This one owner home has been well maintained and ...	3 beds \| 2 baths \| 1,482 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $2062 Airbnb ROI: N/A Traditional ROI: 5.86%
154 Arkle Road Gray, KY Privacy and serenity await at this charming 3bedroom, 2bath mobile home nestled in a peace...	3 beds \| 2 baths \| 1,120 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.94% Airbnb Rental Income: $null Traditional Rental Income: $1892 Airbnb ROI: N/A Traditional ROI: 8.94%
31 Dean Lane Gray, KY Welcome home to this gorgeous 2023 mobile home offering the perfect blend of modern comfor...	3 beds \| 2 baths \| 1,400 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.5% Airbnb Rental Income: $null Traditional Rental Income: $2143 Airbnb ROI: N/A Traditional ROI: 10.5%
5425 S Ky 233 Gray, KY Tucked quietly down a back road just outside of town, this 1.86 acre hidden gem offers the...	3 beds \| 2 baths \| 1,190 sq.ft.	$237,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.22% Airbnb Rental Income: $null Traditional Rental Income: $1947 Airbnb ROI: N/A Traditional ROI: 7.22%
106 Walnut Lane Gray, KY This beautifully updated 3-bedroom, 2-bathroom brick home offers the perfect blend of clas...	3 beds \| 2 baths \| 1,564 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.15% Airbnb Rental Income: $null Traditional Rental Income: $2151 Airbnb ROI: N/A Traditional ROI: 6.15%
1981 S Ky-233 Gray, KY Welcome Home! This recently updated, 3-bedroom, 2-bath brick home is move-in ready! Conven...	3 beds \| 2 baths \| 1,456 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.88% Airbnb Rental Income: $null Traditional Rental Income: $2377 Airbnb ROI: N/A Traditional ROI: 7.88%

Real Estate investment in Gray, KY

There are 10 properties for sale in the city of Gray . The median list price in Gray is $185,000 and the average price per square foot is $109. In June 2026, the average monthly cash on cash return in Gray is 8.00%. The average monthly rental income in Gray is $2,062.

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

There are 10 investment properties available for sale in Gray.

In 2026, the best neighborhood to buy investment property is Gray.

The ROI for Long-Term is higher than the Short-Term in Gray with average rental income of $2,062.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, KY

85 Mary Ann Drive

Gray, KY

3 beds | 2 baths | 1,949 sq.ft.

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.25%

Airbnb Rental Income: $null

Traditional Rental Income: $2014

Airbnb ROI: N/A

Traditional ROI: 4.25%

152 Yellow Bird Ln

Gray, KY

4 beds | 6 baths | 3,900 sq.ft.

$819,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.48%

Airbnb Rental Income: $null

Traditional Rental Income: $3401

Airbnb ROI: N/A

Traditional ROI: 2.48%

447 Arkle Road

Gray, KY

2 beds | 1 baths | 1,852 sq.ft.

$159,000

Airbnb cash on cash: 0.82%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $826

Traditional Rental Income: $955

Airbnb ROI: 0.82%

Traditional ROI: 3.82%

406 Kentucky Rte 233

Gray, KY

3 beds | 2 baths | 1,876 sq.ft.

$179,900

Airbnb cash on cash: N/A

Traditional cash on cash: 11.27%

Airbnb Rental Income: $null

Traditional Rental Income: $2339

Airbnb ROI: N/A

Traditional ROI: 11.27%

2922 State Highway 1232

Gray, KY

3 beds | 2 baths | 1,482 sq.ft.

$299,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.86%

Airbnb Rental Income: $null

Traditional Rental Income: $2062

Airbnb ROI: N/A

Traditional ROI: 5.86%

154 Arkle Road

Gray, KY

3 beds | 2 baths | 1,120 sq.ft.

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.94%

Airbnb Rental Income: $null

Traditional Rental Income: $1892

Airbnb ROI: N/A

Traditional ROI: 8.94%

31 Dean Lane

Gray, KY

3 beds | 2 baths | 1,400 sq.ft.

$185,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.5%

Airbnb Rental Income: $null

Traditional Rental Income: $2143

Airbnb ROI: N/A

Traditional ROI: 10.5%

5425 S Ky 233

Gray, KY

3 beds | 2 baths | 1,190 sq.ft.

$237,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1947

Airbnb ROI: N/A