Real Estate Investment Properties for Sale in Gray, ME

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
150 Birchwood Rd Gray, ME This unique awesome home has incredible water frontage with "great fishing" at your door s...	1 beds \| 1 baths \| 960 sq.ft.	$499,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 1.39% Airbnb Rental Income: $1629 Traditional Rental Income: $1628 Airbnb ROI: 0.41% Traditional ROI: 1.39%
185 Yarmouth Rd Gray, ME Fall in love with this tastefully updated cape with an open concept kitchen/dining/living ...	3 beds \| 2 baths \| 1,584 sq.ft.	$450,000	Airbnb cash on cash: 3.38% Traditional cash on cash: 5.54% Airbnb Rental Income: $2899 Traditional Rental Income: $3136 Airbnb ROI: 3.38% Traditional ROI: 5.54%
4 Divot Drive Gray, ME Situated on a private road in the desirable Presidential Drive neighborhood, this custom-b...	3 beds \| 3 baths \| 4,266 sq.ft.	$919,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 2.79% Airbnb Rental Income: $2899 Traditional Rental Income: $4009 Airbnb ROI: 0.71% Traditional ROI: 2.79%
7 Roman Woods Way Gray, ME PRICELESS PRIVACY SURROUNDS THIS EXCEPTIONAL COLONIAL, LOCATED NEAR TRAILS FOR THE OUTDOOR...	4 beds \| 3 baths \| 3,998 sq.ft.	$730,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 6.01% Airbnb Rental Income: $3617 Traditional Rental Income: $5312 Airbnb ROI: 2.36% Traditional ROI: 6.01%
21 Eagles Nest Road Gray, ME Wonderful, like new 3 bedroom, 2.5 bath home on over an acre in a desirable sub division o...	3 beds \| 3 baths \| 1,664 sq.ft.	$639,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 3.14% Airbnb Rental Income: $2899 Traditional Rental Income: $3424 Airbnb ROI: 1.13% Traditional ROI: 3.14%
4 Wheeler Road Gray, ME Welcome to this charming ranch-style home in the heart of Gray! Featuring 3 spacious bedro...	3 beds \| 1 baths \| 1,642 sq.ft.	$420,000	Airbnb cash on cash: 3.63% Traditional cash on cash: 4.62% Airbnb Rental Income: $2899 Traditional Rental Income: $2616 Airbnb ROI: 3.63% Traditional ROI: 4.62%
1 Blackthorne Ln Gray, ME 1 Blackthorne Ln, Gray, ME 04039 \| Other	N/A beds \| N/A baths \| N/A	$449,999	Airbnb cash on cash: -1.6% Traditional cash on cash: 0.83% Airbnb Rental Income: $717 Traditional Rental Income: $1432 Airbnb ROI: -1.6% Traditional ROI: 0.83%
0 Colley Hill Rd Gray, ME 0 Colley Hill Rd, Gray, ME 04039 \| Other	N/A beds \| N/A baths \| N/A	$1,800,000	Airbnb cash on cash: -2.16% Traditional cash on cash: -1.55% Airbnb Rental Income: $717 Traditional Rental Income: $1432 Airbnb ROI: -2.16% Traditional ROI: -1.55%
Lot#1 Summit Rd Gray, ME Lot#1 Summit Rd, Gray, ME 04039 \| Other	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 6.08% Airbnb Rental Income: $717 Traditional Rental Income: $1432 Airbnb ROI: -0.42% Traditional ROI: 6.08%
1 Colley Hill Road Gray, ME Introducing 1 Colley Hill Unit A, located in the heart of Gray, brand new construction pri...	3 beds \| 3 baths \| 1,372 sq.ft.	$450,000	Airbnb cash on cash: 2.72% Traditional cash on cash: 5.29% Airbnb Rental Income: $2899 Traditional Rental Income: $3310 Airbnb ROI: 2.72% Traditional ROI: 5.29%
64 Summit Rd Gray, ME Welcome to 64 Summit Rd. A place where comfort, space and everyday living come together. T...	3 beds \| 2 baths \| 2,894 sq.ft.	$699,500	Airbnb cash on cash: 2.22% Traditional cash on cash: 3.97% Airbnb Rental Income: $2899 Traditional Rental Income: $3369 Airbnb ROI: 2.22% Traditional ROI: 3.97%
56 Yarmouth Rd Gray, ME Spacious and versatile two-unit property offering comfort, privacy, and endless possibilit...	5 beds \| 3 baths \| 2,793 sq.ft.	$659,900	Airbnb cash on cash: 1.64% Traditional cash on cash: 2.29% Airbnb Rental Income: $2899 Traditional Rental Income: $2628 Airbnb ROI: 1.64% Traditional ROI: 2.29%
55 Blueberry Lane Gray, ME Exceptional Duplex Opportunity! Discover the perfect blend of investment potential, owner-...	N/A beds \| N/A baths \| 2,549 sq.ft.	$700,000	Airbnb cash on cash: -1.45% Traditional cash on cash: 1.31% Airbnb Rental Income: $717 Traditional Rental Income: $2214 Airbnb ROI: -1.45% Traditional ROI: 1.31%
16 Old Mill Rd Gray, ME New Construction - Stunning Colonial on Nearly 3 Acres! This beautiful 4-bedroom, 2.5-bath...	4 beds \| 2 baths \| 2,263 sq.ft.	$750,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.36% Airbnb Rental Income: $3617 Traditional Rental Income: $4186 Airbnb ROI: 1.42% Traditional ROI: 3.36%
20 Ambrose Cir Gray, ME Set within the desirable May Meadow Woods neighborhood, 20 Ambrose Circle offers a spaciou...	4 beds \| 2 baths \| 2,328 sq.ft.	$642,000	Airbnb cash on cash: 3.54% Traditional cash on cash: 5.49% Airbnb Rental Income: $3617 Traditional Rental Income: $3994 Airbnb ROI: 3.54% Traditional ROI: 5.49%
2 Victoria Drive Gray, ME You're not going to find another ranch-style home in the area offering this much space at ...	4 beds \| 3 baths \| 3,140 sq.ft.	$599,900	Airbnb cash on cash: 3.87% Traditional cash on cash: 6.26% Airbnb Rental Income: $3617 Traditional Rental Income: $4163 Airbnb ROI: 3.87% Traditional ROI: 6.26%
76 Depot Road Gray, ME This pre-inspected, 1850s-era farmhouse home is the perfect blend of yesteryear character ...	3 beds \| 2 baths \| 2,556 sq.ft.	$549,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 5.25% Airbnb Rental Income: $2899 Traditional Rental Income: $3309 Airbnb ROI: 3.15% Traditional ROI: 5.25%
30 May Meadow Dr Gray, ME Nestled within a highly sought-after Gray neighborhood, this 4-bedroom, 3-bathroom Colonia...	4 beds \| 2 baths \| 2,732 sq.ft.	$650,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 5.98% Airbnb Rental Income: $3617 Traditional Rental Income: $4339 Airbnb ROI: 3.48% Traditional ROI: 5.98%
11 Pine Cove Road Gray, ME Crystal Lake is the backdrop for everyday life at this Gray home, where lake views, shared...	3 beds \| 3 baths \| 1,998 sq.ft.	$549,000	Airbnb cash on cash: 3.15% Traditional cash on cash: 6.74% Airbnb Rental Income: $2899 Traditional Rental Income: $4069 Airbnb ROI: 3.15% Traditional ROI: 6.74%
101 Blueberry Ln Gray, ME 101 Blueberry Ln, Gray, ME 04039 \| Single Family Residential	4 beds \| 2 baths \| 1,764 sq.ft.	$350,000	Airbnb cash on cash: 5.96% Traditional cash on cash: 8.46% Airbnb Rental Income: $3617 Traditional Rental Income: $3644 Airbnb ROI: 5.96% Traditional ROI: 8.46%
67 Taylor Ln Gray, ME 67 Taylor Ln, Gray, ME 04039 \| Single Family Residential	4 beds \| 3 baths \| 2,936 sq.ft.	$849,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 2.99% Airbnb Rental Income: $3617 Traditional Rental Income: $4391 Airbnb ROI: 1.01% Traditional ROI: 2.99%
14A Coppice Grove Dr #7 Gray, ME 14A Coppice Grove Dr #7, Gray, ME 04039 \| Condo/Coop	3 beds \| 2 baths \| 1,470 sq.ft.	$479,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 4.11% Airbnb Rental Income: $2899 Traditional Rental Income: $3350 Airbnb ROI: 1.61% Traditional ROI: 4.11%
1 Colley Hill Rd #A Gray, ME 1 Colley Hill Rd #A, Gray, ME 04039 \| Single Family Residential	3 beds \| 2 baths \| 1,372 sq.ft.	$450,000	Airbnb cash on cash: 2.72% Traditional cash on cash: 4.71% Airbnb Rental Income: $2899 Traditional Rental Income: $3066 Airbnb ROI: 2.72% Traditional ROI: 4.71%
49 Megquier Rd Gray, ME 49 Megquier Rd, Gray, ME 04039 \| Single Family Residential	5 beds \| 5 baths \| 3,344 sq.ft.	$2,200,000	Airbnb cash on cash: -1.78% Traditional cash on cash: N/A Airbnb Rental Income: $1741 Traditional Rental Income: $0 Airbnb ROI: -1.78% Traditional ROI: N/A
M20/21/311 Shaw Brook Ln Gray, ME M20/21/311 Shaw Brook Ln, Gray, ME 04039 \| Other	N/A beds \| N/A baths \| N/A	$139,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 7.64% Airbnb Rental Income: $717 Traditional Rental Income: $1432 Airbnb ROI: 0.01% Traditional ROI: 7.64%
00 Westwood Rd Gray, ME 00 Westwood Rd, Gray, ME 04039 \| Other	N/A beds \| N/A baths \| N/A	$425,000	Airbnb cash on cash: -1.56% Traditional cash on cash: 1.01% Airbnb Rental Income: $717 Traditional Rental Income: $1432 Airbnb ROI: -1.56% Traditional ROI: 1.01%
0 Gore Rd Gray, ME 0 Gore Rd, Gray, ME 04039 \| Other	N/A beds \| N/A baths \| N/A	$795,000	Airbnb cash on cash: -1.93% Traditional cash on cash: -0.54% Airbnb Rental Income: $717 Traditional Rental Income: $1432 Airbnb ROI: -1.93% Traditional ROI: -0.54%
2 Gore Rd Gray, ME 2 Gore Rd, Gray, ME 04071 \| Other	N/A beds \| N/A baths \| N/A	$1,550,000	Airbnb cash on cash: -2.13% Traditional cash on cash: -1.42% Airbnb Rental Income: $717 Traditional Rental Income: $1436 Airbnb ROI: -2.13% Traditional ROI: -1.42%

Real Estate investment in Gray, ME

There are 28 properties for sale in the city of Gray . The median list price in Gray is $447,732 and the average price per square foot is $189. In September 2026, the average monthly cash on cash return in Gray is 4.00%. The average monthly rental income in Gray is $3,136.

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

There are 28 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 $3,136.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, ME

150 Birchwood Rd

Gray, ME

1 beds | 1 baths | 960 sq.ft.

$499,900

Airbnb cash on cash: 0.41%

Traditional cash on cash: 1.39%

Airbnb Rental Income: $1629

Traditional Rental Income: $1628

Airbnb ROI: 0.41%

Traditional ROI: 1.39%

185 Yarmouth Rd

Gray, ME

3 beds | 2 baths | 1,584 sq.ft.

$450,000

Airbnb cash on cash: 3.38%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $2899

Traditional Rental Income: $3136

Airbnb ROI: 3.38%

Traditional ROI: 5.54%

4 Divot Drive

Gray, ME

3 beds | 3 baths | 4,266 sq.ft.

$919,000

Airbnb cash on cash: 0.71%

Traditional cash on cash: 2.79%

Airbnb Rental Income: $2899

Traditional Rental Income: $4009

Airbnb ROI: 0.71%

Traditional ROI: 2.79%

7 Roman Woods Way

Gray, ME

4 beds | 3 baths | 3,998 sq.ft.

$730,000

Airbnb cash on cash: 2.36%

Traditional cash on cash: 6.01%

Airbnb Rental Income: $3617

Traditional Rental Income: $5312

Airbnb ROI: 2.36%

Traditional ROI: 6.01%

21 Eagles Nest Road

Gray, ME

3 beds | 3 baths | 1,664 sq.ft.

$639,900

Airbnb cash on cash: 1.13%

Traditional cash on cash: 3.14%

Airbnb Rental Income: $2899

Traditional Rental Income: $3424

Airbnb ROI: 1.13%

Traditional ROI: 3.14%

4 Wheeler Road

Gray, ME

3 beds | 1 baths | 1,642 sq.ft.

$420,000

Airbnb cash on cash: 3.63%

Traditional cash on cash: 4.62%

Airbnb Rental Income: $2899

Traditional Rental Income: $2616

Airbnb ROI: 3.63%

Traditional ROI: 4.62%

1 Blackthorne Ln

Gray, ME

N/A beds | N/A baths | N/A

$449,999

Airbnb cash on cash: -1.6%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $717

Traditional Rental Income: $1432

Airbnb ROI: -1.6%

Traditional ROI: 0.83%

0 Colley Hill Rd

Gray, ME

N/A beds | N/A baths | N/A

$1,800,000

Airbnb cash on cash: -2.16%

Traditional cash on cash: -1.55%

Airbnb Rental Income: $717

Traditional Rental Income: $1432

Airbnb ROI: -2.16%