Real Estate Investment Properties for Sale in Gray, LA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2545 W Main St Gray, LA Welcome to 2545 W Main St. in Gray! This well kept 3 bedroom, 2 bathroom home offers every...	3 beds \| 2 baths \| 1,030 sq.ft.	$145,000	Airbnb cash on cash: 7.48% Traditional cash on cash: 9.47% Airbnb Rental Income: $1762 Traditional Rental Income: $1556 Airbnb ROI: 7.48% Traditional ROI: 9.47%
3439 Highway 316 Gray, LA MOTIVATED SELLER!!! The seller of this home has just reduced the price by $5,000 and is o...	3 beds \| 2 baths \| 2,555 sq.ft.	$290,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 3.35% Airbnb Rental Income: $1762 Traditional Rental Income: $1350 Airbnb ROI: 3.1% Traditional ROI: 3.35%
211 Pearl Margaret Dr Gray, LA Welcome to this spacious 4-bedroom, 2-bathroom home in the highly desirable Wallace J. Thi...	4 beds \| 2 baths \| 2,124 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $2311 Airbnb ROI: N/A Traditional ROI: 3.67%
345 Robyn Street Gray, LA Price improvement!! Cozy 3 bedroom, 2 bath home with open floor plan! Kitchen is well equi...	3 beds \| 2 baths \| 1,158 sq.ft.	$185,000	Airbnb cash on cash: 5.19% Traditional cash on cash: 7.09% Airbnb Rental Income: $1762 Traditional Rental Income: $1613 Airbnb ROI: 5.19% Traditional ROI: 7.09%
396 Highland Oaks Ave Gray, LA Welcome to 396 Highland Oaks Ave! This beautiful 4-bedroom, 3-bathroom home offers 2,424 s...	4 beds \| 3 baths \| 2,424 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $2363 Airbnb ROI: N/A Traditional ROI: 5.43%
251 Beulah Louise Drive Gray, LA Step into timeless comfort in this 3 bedroom, 2.5 bath home filled with thoughtful details...	3 beds \| 3 baths \| 3,140 sq.ft.	$490,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.81% Airbnb Rental Income: $1762 Traditional Rental Income: $2547 Airbnb ROI: 1.04% Traditional ROI: 3.81%
108 North Terrebonne Drive Gray, LA **SELLER OFFERING $5,000.00 TOWARDS CLOSING COSTS! Washer, Dryer, & small freezer to remai...	3 beds \| 2 baths \| 1,212 sq.ft.	$200,000	Airbnb cash on cash: 4.7% Traditional cash on cash: 6.61% Airbnb Rental Income: $1762 Traditional Rental Income: $1642 Airbnb ROI: 4.7% Traditional ROI: 6.61%
3352 West Main Street Gray, LA This unique cottage style home has a cozy living room with a double sided fireplace (inope...	1 beds \| 1 baths \| 744 sq.ft.	$89,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.8% Airbnb Rental Income: $null Traditional Rental Income: $1255 Airbnb ROI: N/A Traditional ROI: 11.8%
215 Melanie Ln Gray, LA This adorable 4-bedroom 2- bath home is ready for its new owners. It offers a bright invit...	4 beds \| 2 baths \| 1,580 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.09% Airbnb Rental Income: $null Traditional Rental Income: $2004 Airbnb ROI: N/A Traditional ROI: 9.09%
258 Dove Tail Dr Gray, LA This lovely home is truly exceptional. Enter through the front door and the foyer brings y...	3 beds \| 2 baths \| 1,444 sq.ft.	$240,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 5.68% Airbnb Rental Income: $1762 Traditional Rental Income: $1824 Airbnb ROI: 3.28% Traditional ROI: 5.68%
3240 Bayou Blue Rd Gray, LA Well-maintained mobile home conveniently located in Gray, just minutes from the interstate...	3 beds \| 2 baths \| 1,350 sq.ft.	$125,000	Airbnb cash on cash: 8.31% Traditional cash on cash: 11.38% Airbnb Rental Income: $1762 Traditional Rental Income: $1650 Airbnb ROI: 8.31% Traditional ROI: 11.38%
3318 CLOVER VIEW Drive Gray, LA Walk into equity-this three bed two bath on Cloverview in Gray, Louisiana, sits on the big...	3 beds \| 2 baths \| 1,455 sq.ft.	$229,000	Airbnb cash on cash: 4.44% Traditional cash on cash: 7.16% Airbnb Rental Income: $1762 Traditional Rental Income: $1870 Airbnb ROI: 4.44% Traditional ROI: 7.16%
346 Bayou Blue Bypass Rd Gray, LA 52 Space Mobile Home and Camper Park. 52 Total spaces. 42 spaces renting for $300.00 each ...	N/A beds \| N/A baths \| 52 sq.ft.	$2,500,000	Airbnb cash on cash: -1.08% Traditional cash on cash: -0.58% Airbnb Rental Income: $107 Traditional Rental Income: $1074 Airbnb ROI: -1.08% Traditional ROI: -0.58%
123 Sea Blue Lane Gray, LA Welcome home to this sweet and cozy 3-bedroom, 2-bath charmer tucked away on a quiet, priv...	3 beds \| 2 baths \| 1,232 sq.ft.	$183,000	Airbnb cash on cash: 4.93% Traditional cash on cash: 8.12% Airbnb Rental Income: $1762 Traditional Rental Income: $1835 Airbnb ROI: 4.93% Traditional ROI: 8.12%
358 Bayou Blue Bypass Rd Gray, LA Fix & Flip Opportunity! This 4 bedroom, 2 bathroom home offers 1,200 sq ft of living space...	4 beds \| 2 baths \| 1,169 sq.ft.	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.12% Airbnb Rental Income: $null Traditional Rental Income: $1729 Airbnb ROI: N/A Traditional ROI: 11.12%
148 Red Maple Dr Gray, LA Highland Oaks â¢ 0.7 mi to PJâs Coffee â¢ Built 2018 â¢ No carpet â¢ Covered patio &...	3 beds \| 2 baths \| 1,642 sq.ft.	$279,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 5.74% Airbnb Rental Income: $1762 Traditional Rental Income: $2011 Airbnb ROI: 2.95% Traditional ROI: 5.74%
258 Hattie Virginia Drive Gray, LA 3 bedroom 2.5 bath home in Wallace J Subdivision conveniently located minutes from Highway...	3 beds \| 3 baths \| 1,891 sq.ft.	$370,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 4.57% Airbnb Rental Income: $1762 Traditional Rental Income: $2148 Airbnb ROI: 2.07% Traditional ROI: 4.57%
162 Casa Drive Gray, LA Just in time for the holidays, and just under 1500 sq ft of living, 162 Casa Dr. in Gray, ...	3 beds \| 2 baths \| 1,466 sq.ft.	$205,000	Airbnb cash on cash: 4.55% Traditional cash on cash: 7.71% Airbnb Rental Income: $1762 Traditional Rental Income: $1893 Airbnb ROI: 4.55% Traditional ROI: 7.71%
507 Linda Ann Avenue Gray, LA 507 Linda Ann Avenue, Gray, LA 70359 Step inside this beautifully remodeled 3-bedroom, 2-...	3 beds \| 2 baths \| 1,295 sq.ft.	$165,000	Airbnb cash on cash: 6.1% Traditional cash on cash: 8.81% Airbnb Rental Income: $1762 Traditional Rental Income: $1706 Airbnb ROI: 6.1% Traditional ROI: 8.81%
118 Mac Court Gray, LA UNDER RECENT APPRAISED PRICE!! REDUCED !!! Bayou Blue country living!! (Near Wallace Thibo...	4 beds \| 3 baths \| 2,409 sq.ft.	$364,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.62% Airbnb Rental Income: $null Traditional Rental Income: $2703 Airbnb ROI: N/A Traditional ROI: 6.62%
213 Jennifer St Gray, LA Well-Maintained 3-Bedroom, 2-Bath Home in Gray â Flood Zone X! This lovingly cared-for h...	3 beds \| 2 baths \| 1,265 sq.ft.	$219,900	Airbnb cash on cash: 4.66% Traditional cash on cash: 7.06% Airbnb Rental Income: $1762 Traditional Rental Income: $1779 Airbnb ROI: 4.66% Traditional ROI: 7.06%

Real Estate investment in Gray, LA

There are 21 properties for sale in the city of Gray . The median list price in Gray is $195,000 and the average price per square foot is $125. In December 2025, the average monthly cash on cash return in Gray is 8.00%. The average monthly rental income in Gray is $1,824.

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

There are 21 investment properties available for sale in Gray.

In 2025, 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 $1,824.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, LA

2545 W Main St

Gray, LA

3 beds | 2 baths | 1,030 sq.ft.

$145,000

Airbnb cash on cash: 7.48%

Traditional cash on cash: 9.47%

Airbnb Rental Income: $1762

Traditional Rental Income: $1556

Airbnb ROI: 7.48%

Traditional ROI: 9.47%

3439 Highway 316

Gray, LA

3 beds | 2 baths | 2,555 sq.ft.

$290,000

Airbnb cash on cash: 3.1%

Traditional cash on cash: 3.35%

Airbnb Rental Income: $1762

Traditional Rental Income: $1350

Airbnb ROI: 3.1%

Traditional ROI: 3.35%

211 Pearl Margaret Dr

Gray, LA

4 beds | 2 baths | 2,124 sq.ft.

$450,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2311

Airbnb ROI: N/A

Traditional ROI: 3.67%

345 Robyn Street

Gray, LA

3 beds | 2 baths | 1,158 sq.ft.

$185,000

Airbnb cash on cash: 5.19%

Traditional cash on cash: 7.09%

Airbnb Rental Income: $1762

Traditional Rental Income: $1613

Airbnb ROI: 5.19%

Traditional ROI: 7.09%

396 Highland Oaks Ave

Gray, LA

4 beds | 3 baths | 2,424 sq.ft.

$330,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.43%

Airbnb Rental Income: $null

Traditional Rental Income: $2363

Airbnb ROI: N/A

Traditional ROI: 5.43%

251 Beulah Louise Drive

Gray, LA

3 beds | 3 baths | 3,140 sq.ft.

$490,000

Airbnb cash on cash: 1.04%

Traditional cash on cash: 3.81%

Airbnb Rental Income: $1762

Traditional Rental Income: $2547

Airbnb ROI: 1.04%

Traditional ROI: 3.81%

108 North Terrebonne Drive

Gray, LA

3 beds | 2 baths | 1,212 sq.ft.

$200,000

Airbnb cash on cash: 4.7%

Traditional cash on cash: 6.61%

Airbnb Rental Income: $1762

Traditional Rental Income: $1642

Airbnb ROI: 4.7%

Traditional ROI: 6.61%

3352 West Main Street

Gray, LA

1 beds | 1 baths | 744 sq.ft.

$89,900

Airbnb cash on cash: N/A

Traditional cash on cash: 11.8%

Airbnb Rental Income: $null

Traditional Rental Income: $1255

Airbnb ROI: N/A