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
3439 Highway 316 Gray, LA Welcome to country living. This 3-bedroom, 2 bath home sits on 1.7 acres of land and has ...	3 beds \| 2 baths \| 2,555 sq.ft.	$295,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 3.28% Airbnb Rental Income: $1938 Traditional Rental Income: $1350 Airbnb ROI: 3.56% Traditional ROI: 3.28%
140 Marietta Place Gray, LA Charming 3-bedroom, 1 and 1/2 bath remodeled brick home in Gray, just minutes from HL Bour...	3 beds \| 2 baths \| 1,119 sq.ft.	$175,000	Airbnb cash on cash: 6.57% Traditional cash on cash: 6.58% Airbnb Rental Income: $1938 Traditional Rental Income: $1428 Airbnb ROI: 6.57% Traditional ROI: 6.58%
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%
401 Robyn Street Gray, LA THIS HOUSE IS FOR SALE OR FOR LEASE! Great Location! Close to the interstate! This move-in...	4 beds \| 2 baths \| 1,440 sq.ft.	$209,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.45% Airbnb Rental Income: $null Traditional Rental Income: $1818 Airbnb ROI: N/A Traditional ROI: 7.45%
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.	$295,000	Airbnb cash on cash: 3.15% Traditional cash on cash: 4.41% Airbnb Rental Income: $1938 Traditional Rental Income: $1776 Airbnb ROI: 3.15% Traditional ROI: 4.41%
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.	$92,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.52% Airbnb Rental Income: $null Traditional Rental Income: $1255 Airbnb ROI: N/A Traditional ROI: 11.52%
336 Julie St Gray, LA This beautiful property is located in the back of such a quiet neighborhood, giving off su...	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%
138 Gainsville Drive Gray, LA Looking for a home that is "like new" but you don't want to build?! 138 Gainsville is the ...	3 beds \| 3 baths \| 2,107 sq.ft.	$440,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 3.83% Airbnb Rental Income: $1938 Traditional Rental Income: $2351 Airbnb ROI: 1.59% Traditional ROI: 3.83%
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.	$258,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 6.57% Airbnb Rental Income: $1938 Traditional Rental Income: $2133 Airbnb ROI: 3.67% Traditional ROI: 6.57%
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%
263 Buccaneer Road Gray, LA Buyer now offering concessions $1,500 This beautiful home is located in a desirable neighb...	3 beds \| 2 baths \| 1,879 sq.ft.	$347,500	Airbnb cash on cash: 1.91% Traditional cash on cash: 4.71% Airbnb Rental Income: $1938 Traditional Rental Income: $2338 Airbnb ROI: 1.91% Traditional ROI: 4.71%
127 River Birch Ave Gray, LA Welcome to 127 River Birch Avenue in Gray! This beautiful 4-bedroom, 2-bathroom home featu...	4 beds \| 2 baths \| 1,954 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.62% Airbnb Rental Income: $null Traditional Rental Income: $2325 Airbnb ROI: N/A Traditional ROI: 5.62%
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: 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.	$150,000	Airbnb cash on cash: 8.23% Traditional cash on cash: 9.14% Airbnb Rental Income: $1938 Traditional Rental Income: $1556 Airbnb ROI: 8.23% Traditional ROI: 9.14%
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.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.93% Airbnb Rental Income: $null Traditional Rental Income: $1598 Airbnb ROI: N/A Traditional ROI: 10.93%
205 Chestnut Ridge Drive Gray, LA Open the door to your new home in the sought-after Highland Oaks subdivision! This beautif...	3 beds \| 2 baths \| 1,656 sq.ft.	$277,500	Airbnb cash on cash: 2.88% Traditional cash on cash: 5.23% Airbnb Rental Income: $1938 Traditional Rental Income: $2042 Airbnb ROI: 2.88% Traditional ROI: 5.23%
4110 West Main Street Gray, LA Welcome to this beautifully maintained 2 bedroom, 2 bath brick home situated on a spacious...	2 beds \| 2 baths \| 1,226 sq.ft.	$179,900	Airbnb cash on cash: -1.41% Traditional cash on cash: 7.65% Airbnb Rental Income: $343 Traditional Rental Income: $1649 Airbnb ROI: -1.41% Traditional ROI: 7.65%
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%

Real Estate investment in Gray, LA

There are 22 properties for sale in the city of Gray . The median list price in Gray is $214,950 and the average price per square foot is $138. In September 2025, the average monthly cash on cash return in Gray is 7.00%. The average monthly rental income in Gray is $1,778.

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

There are 22 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 $1,778.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, LA

3439 Highway 316

Gray, LA

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

$295,000

Airbnb cash on cash: 3.56%

Traditional cash on cash: 3.28%

Airbnb Rental Income: $1938

Traditional Rental Income: $1350

Airbnb ROI: 3.56%

Traditional ROI: 3.28%

140 Marietta Place

Gray, LA

3 beds | 2 baths | 1,119 sq.ft.

$175,000

Airbnb cash on cash: 6.57%

Traditional cash on cash: 6.58%

Airbnb Rental Income: $1938

Traditional Rental Income: $1428

Airbnb ROI: 6.57%

Traditional ROI: 6.58%

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%

401 Robyn Street

Gray, LA

4 beds | 2 baths | 1,440 sq.ft.

$209,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.45%

Airbnb Rental Income: $null

Traditional Rental Income: $1818

Airbnb ROI: N/A

Traditional ROI: 7.45%

252 Highland Oaks Ave

Gray, LA

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

$295,000

Airbnb cash on cash: 3.15%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $1938

Traditional Rental Income: $1776

Airbnb ROI: 3.15%

Traditional ROI: 4.41%

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%

Traditional ROI: 6.42%

3352 West Main Street

Gray, LA

1 beds | 1 baths | 744 sq.ft.

$92,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.52%

Airbnb Rental Income: $null

Traditional Rental Income: $1255

Airbnb ROI: N/A

Traditional ROI: 11.52%

336 Julie St

Gray, LA

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%