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
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: 2.49% Traditional cash on cash: 4.57% Airbnb Rental Income: $1938 Traditional Rental Income: $2148 Airbnb ROI: 2.49% Traditional ROI: 4.57%
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: 3.63% Traditional cash on cash: 3.35% Airbnb Rental Income: $1938 Traditional Rental Income: $1350 Airbnb ROI: 3.63% 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: 6.03% Traditional cash on cash: 7.09% Airbnb Rental Income: $1938 Traditional Rental Income: $1613 Airbnb ROI: 6.03% 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%
252 Highland Oaks Ave Gray, LA Located on a corner lot in the desirable Highland Oaks subdivision, this 2019-built home o...	3 beds \| 2 baths \| 1,925 sq.ft.	$290,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 4.51% Airbnb Rental Income: $1938 Traditional Rental Income: $1776 Airbnb ROI: 3.23% Traditional ROI: 4.51%
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: 1.36% Traditional cash on cash: 3.81% Airbnb Rental Income: $1938 Traditional Rental Income: $2547 Airbnb ROI: 1.36% 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.	$205,000	Airbnb cash on cash: 5.31% Traditional cash on cash: 6.42% Airbnb Rental Income: $1938 Traditional Rental Income: $1642 Airbnb ROI: 5.31% Traditional ROI: 6.42%
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%
336 Julie St Gray, LA *Brand NEW A/C System Installed (Sept. 2025).* This beautiful property is located in t...	3 beds \| 2 baths \| 1,388 sq.ft.	$221,000	Airbnb cash on cash: 5.11% Traditional cash on cash: 6.29% Airbnb Rental Income: $1938 Traditional Rental Income: $1673 Airbnb ROI: 5.11% Traditional ROI: 6.29%
168 Highland Oaks Ave Gray, LA Contingent Contract - All offers especially non-contingent are welcome! Welcome to 168 Hig...	4 beds \| 2 baths \| 1,965 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $2096 Airbnb ROI: N/A Traditional ROI: 5.42%
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%
166 Chestnut Ridge Drive Gray, LA Welcome to this BEAUTIFULLY MAINTAINED home in the desirable Highland Oaks subdivision of ...	3 beds \| 2 baths \| 1,775 sq.ft.	$255,000	Airbnb cash on cash: 3.72% Traditional cash on cash: 6.66% Airbnb Rental Income: $1938 Traditional Rental Income: $2133 Airbnb ROI: 3.72% Traditional ROI: 6.66%
308 Jennifer St Gray, LA This adorable 3-bedroom, 2-bath home is ready for new owners. Well maintained, it offers a...	3 beds \| 2 baths \| 1,257 sq.ft.	$210,000	Airbnb cash on cash: 4.8% Traditional cash on cash: 5.92% Airbnb Rental Income: $1938 Traditional Rental Income: $1648 Airbnb ROI: 4.8% Traditional ROI: 5.92%
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: 3.93% Traditional cash on cash: 5.68% Airbnb Rental Income: $1938 Traditional Rental Income: $1824 Airbnb ROI: 3.93% Traditional ROI: 5.68%
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: 5.36% Traditional cash on cash: 7.06% Airbnb Rental Income: $1938 Traditional Rental Income: $1779 Airbnb ROI: 5.36% Traditional ROI: 7.06%
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: 8.54% Traditional cash on cash: 9.47% Airbnb Rental Income: $1938 Traditional Rental Income: $1556 Airbnb ROI: 8.54% Traditional ROI: 9.47%
309 Marietta Place Gray, LA Perfect for first time homebuyers or investment property. This mobilehome is only 4 years...	4 beds \| 2 baths \| 1,064 sq.ft.	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.51% Airbnb Rental Income: $null Traditional Rental Income: $1598 Airbnb ROI: N/A Traditional ROI: 11.51%
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: 9.52% Traditional cash on cash: 11.38% Airbnb Rental Income: $1938 Traditional Rental Income: $1650 Airbnb ROI: 9.52% Traditional ROI: 11.38%
3318 CLOVER VIEW Drive Gray, LA Welcome to the Blue Ridge subdivision in Gray, Louisiana, where small-town charm meets mod...	3 beds \| 2 baths \| 1,455 sq.ft.	$237,400	Airbnb cash on cash: 4.9% Traditional cash on cash: 6.88% Airbnb Rental Income: $1938 Traditional Rental Income: $1870 Airbnb ROI: 4.9% Traditional ROI: 6.88%
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: -0.94% Traditional cash on cash: -0.58% Airbnb Rental Income: $499 Traditional Rental Income: $1074 Airbnb ROI: -0.94% 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.	$189,900	Airbnb cash on cash: 5.53% Traditional cash on cash: 7.8% Airbnb Rental Income: $1938 Traditional Rental Income: $1835 Airbnb ROI: 5.53% Traditional ROI: 7.8%
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.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.65% Airbnb Rental Income: $null Traditional Rental Income: $1729 Airbnb ROI: N/A Traditional ROI: 9.65%

Real Estate investment in Gray, LA

There are 23 properties for sale in the city of Gray . The median list price in Gray is $219,900 and the average price per square foot is $141. In October 2025, the average monthly cash on cash return in Gray is 7.00%. The average monthly rental income in Gray is $1,779.

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

There are 23 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 $1,779.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, LA

258 Hattie Virginia Drive

Gray, LA

3 beds | 3 baths | 1,891 sq.ft.

$370,000

Airbnb cash on cash: 2.49%

Traditional cash on cash: 4.57%

Airbnb Rental Income: $1938

Traditional Rental Income: $2148

Airbnb ROI: 2.49%

Traditional ROI: 4.57%

3439 Highway 316

Gray, LA

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

$290,000

Airbnb cash on cash: 3.63%

Traditional cash on cash: 3.35%

Airbnb Rental Income: $1938

Traditional Rental Income: $1350

Airbnb ROI: 3.63%

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: 6.03%

Traditional cash on cash: 7.09%

Airbnb Rental Income: $1938

Traditional Rental Income: $1613

Airbnb ROI: 6.03%

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%

252 Highland Oaks Ave

Gray, LA

3 beds | 2 baths | 1,925 sq.ft.

$290,000

Airbnb cash on cash: 3.23%

Traditional cash on cash: 4.51%

Airbnb Rental Income: $1938

Traditional Rental Income: $1776

Airbnb ROI: 3.23%

Traditional ROI: 4.51%

251 Beulah Louise Drive

Gray, LA

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

$490,000

Airbnb cash on cash: 1.36%

Traditional cash on cash: 3.81%

Airbnb Rental Income: $1938

Traditional Rental Income: $2547

Airbnb ROI: 1.36%

Traditional ROI: 3.81%

108 North Terrebonne Drive

Gray, LA

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

$205,000

Airbnb cash on cash: 5.31%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1938

Traditional Rental Income: $1642

Airbnb ROI: 5.31%