Real Estate Investment Properties for Sale in Gray, TN

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

Explore a variety of short-term homes & houses in Gray, TN. Invest wisely with VRBO & Gray, TN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Condos for Sale in Gray, TN

Search for Condos for Sale in Gray, Tennessee. Browse all of Mashvisor’s Condos listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 68 Condos listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
818 Hales Chapel Road Gray, TN This stunning 2019 Craftsman-style home is filled with charm, character, and custom detail...	4 beds \| 3 baths \| 3,635 sq.ft.	$766,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.31% Airbnb Rental Income: $null Traditional Rental Income: $2706 Airbnb ROI: N/A Traditional ROI: 2.31%
124 Lazy Lane Gray, TN Positioned at the end of a quiet cul-de-sac in the highly sought-after Hillendale Estates ...	4 beds \| 3 baths \| 3,134 sq.ft.	$700,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.21% Airbnb Rental Income: $null Traditional Rental Income: $1787 Airbnb ROI: N/A Traditional ROI: 1.21%
127 Patrick Lane Gray, TN REDUCED!! Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss th...	8 beds \| 4 baths \| N/A	$589,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $3609 Airbnb ROI: N/A Traditional ROI: 5.24%
6277 Kingsport Highway Gray, TN LARGE CORNER LOT - 2.7 ACRES - ROAD FRONTAGE is 460 feet off Kingsport Highway as well as ...	3 beds \| 1 baths \| 864 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.9% Airbnb Rental Income: $null Traditional Rental Income: $1221 Airbnb ROI: N/A Traditional ROI: 2.9%
121 Valley Circle Gray, TN Renovated Raised Ranch with Fenced Yard, Brick Construction, One Car Drive Under Garage, E...	3 beds \| 3 baths \| 1,776 sq.ft.	$273,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.19% Airbnb Rental Income: $null Traditional Rental Income: $2010 Airbnb ROI: N/A Traditional ROI: 6.19%
201 Gunners Way Gray, TN Welcome home to comfort, space, and modern design in this beautifully maintained 3 bedroom...	3 beds \| 3 baths \| 1,724 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $2226 Airbnb ROI: N/A Traditional ROI: 4.42%
179 Cindy Anne Drive Gray, TN Welcome to 179 Cindy Anne Dr in Gray, TN, a beautifully maintained 4 bedroom, 3 bathroom h...	4 beds \| 3 baths \| 3,298 sq.ft.	$600,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.76% Airbnb Rental Income: $null Traditional Rental Income: $1787 Airbnb ROI: N/A Traditional ROI: 1.76%
1069 Gray Station Road Gray, TN Welcome to this lovely home in the heart of Gray, Tennessee--where comfort meets peaceful ...	3 beds \| 2 baths \| 1,595 sq.ft.	$349,800	Airbnb cash on cash: N/A Traditional cash on cash: 4.22% Airbnb Rental Income: $null Traditional Rental Income: $1889 Airbnb ROI: N/A Traditional ROI: 4.22%
167 Highland Hills Drive Gray, TN Offering significantly more finished space than many competing homes in this price bracket...	3 beds \| 3 baths \| 2,604 sq.ft.	$409,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $2483 Airbnb ROI: N/A Traditional ROI: 4.9%
226 Quiet Stroll Lane Gray, TN LIKE NEW \| MAIN LEVEL PRIMARY \| COVERED BACK PATIO \| LOW MAINTENANCE LIVING Built in 2023,...	3 beds \| 3 baths \| 2,212 sq.ft.	$468,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.46% Airbnb Rental Income: $null Traditional Rental Income: $2220 Airbnb ROI: N/A Traditional ROI: 3.46%
1024 Little Shadden Way Gray, TN Welcome to the exquisite Shadden Springs neighborhood, where luxury meets comfort. This be...	5 beds \| 4 baths \| 3,221 sq.ft.	$769,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.51% Airbnb Rental Income: $null Traditional Rental Income: $2931 Airbnb ROI: N/A Traditional ROI: 2.51%
529 Old Gray Station Road Gray, TN Motivated Seller, reasonable offers may be considered!! Welcome to this well-maintained ...	3 beds \| 2 baths \| 1,643 sq.ft.	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.54% Airbnb Rental Income: $null Traditional Rental Income: $2091 Airbnb ROI: N/A Traditional ROI: 5.54%
323 Piper Glen Gray, TN Modern style, a smart layout, and low-maintenance living all come together in this beautif...	3 beds \| 2 baths \| 1,846 sq.ft.	$342,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.61% Airbnb Rental Income: $null Traditional Rental Income: $2477 Airbnb ROI: N/A Traditional ROI: 5.61%
319 Piper Glen Gray, TN Welcome to this beautifully crafted two-level PUD built in 2024 by Scott Britton Construct...	3 beds \| 2 baths \| 1,846 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.95% Airbnb Rental Income: $null Traditional Rental Income: $2248 Airbnb ROI: N/A Traditional ROI: 4.95%
123 Village Lane Gray, TN Stunningly maintained and cared for home that is move-in ready and shows like a model home...	4 beds \| 3 baths \| 1,940 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.61% Airbnb Rental Income: $null Traditional Rental Income: $2502 Airbnb ROI: N/A Traditional ROI: 5.61%
16 Chaucer Court Gray, TN Escape to your own private retreat with this stunning 5-bedroom, 3-full-bath home! The spa...	5 beds \| 3 baths \| 3,780 sq.ft.	$620,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $2893 Airbnb ROI: N/A Traditional ROI: 3.47%
137 Austin Ridge Court Gray, TN Seller's are Ready to Sell!!!! Stunning 3-Bedroom Home with Bonus Room & Oversized Garages...	3 beds \| 4 baths \| 2,655 sq.ft.	$509,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.29% Airbnb Rental Income: $null Traditional Rental Income: $2795 Airbnb ROI: N/A Traditional ROI: 4.29%
194 Sunset Meadows Court Gray, TN Tucked away at the end of a quiet cul-de-sac in the highly sought-after Sunset Ridge neigh...	4 beds \| 3 baths \| 3,348 sq.ft.	$640,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.59% Airbnb Rental Income: $null Traditional Rental Income: $2500 Airbnb ROI: N/A Traditional ROI: 2.59%
153 H R King Road unit: 1 Gray, TN Lakefront Living in a Private Cove! Welcome to your lakefront cottage dream come true! Nes...	2 beds \| 2 baths \| 1,442 sq.ft.	$489,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $2129 Airbnb ROI: N/A Traditional ROI: 3.27%
218 Lake Meadow Drive Gray, TN THIS IS MORE THAN A HOME - IT'S A LIFESTYLE! Welcome to this beautiful lakefront home offe...	4 beds \| 5 baths \| 5,670 sq.ft.	$1,325,808	Airbnb cash on cash: N/A Traditional cash on cash: 2.86% Airbnb Rental Income: $null Traditional Rental Income: $5281 Airbnb ROI: N/A Traditional ROI: 2.86%
133 Dry Kiln Court Gray, TN The stunning open floor plan offers one living with1650 finished sq ft, 3 bedrooms, 2 bath...	3 beds \| 2 baths \| 1,650 sq.ft.	$459,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.73% Airbnb Rental Income: $null Traditional Rental Income: $2009 Airbnb ROI: N/A Traditional ROI: 2.73%
106 Salem Drive Gray, TN Charming Remodeled 3-Bedroom Home Near the Lake! This beautifully remodeled 3-bedroom, 2-b...	3 beds \| 2 baths \| 1,434 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $1755 Airbnb ROI: N/A Traditional ROI: 4.31%
1128 Keeview Drive Gray, TN This impressive custom-built home sits on 1.17 acres and includes an additional lot direct...	3 beds \| 2 baths \| 2,476 sq.ft.	$815,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.74% Airbnb Rental Income: $null Traditional Rental Income: $1687 Airbnb ROI: N/A Traditional ROI: 0.74%
2204 Oak St Gray, TN POSSIBLE LEASE/PURCHASE. Paved DRIVEWAY TO BE DONE AS WEATHER PERMITS. Be ready to fall in...	3 beds \| 2 baths \| 1,266 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.16% Airbnb Rental Income: $null Traditional Rental Income: $1779 Airbnb ROI: N/A Traditional ROI: 5.16%
575 Boring Chapel Rd unit: 30 Gray, TN Welcome to Gabriel Crossing, one of Gray's most sought-after lake-living communities! This...	4 beds \| 2 baths \| 2,170 sq.ft.	$409,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.54% Airbnb Rental Income: $null Traditional Rental Income: $2383 Airbnb ROI: N/A Traditional ROI: 4.54%
2208 Oak Street Gray, TN POSSIBLE LEASE/PURCHASE. Paved DRIVEWAY WILL BE DONE AS SOON AS WEATHER PERMITS. Welcome h...	3 beds \| 2 baths \| 1,266 sq.ft.	$262,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $1779 Airbnb ROI: N/A Traditional ROI: 5.11%
563 Boring Chapel Road unit: 2 Gray, TN Unique opportunity to own one of the largest units in The Reserve at Chapel Cove along bea...	3 beds \| 3 baths \| 1,800 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.24% Airbnb Rental Income: $null Traditional Rental Income: $2932 Airbnb ROI: N/A Traditional ROI: 10.24%
719 Walkers Bend Road Gray, TN Welcome home to this beautifully maintained, spacious 3-bedroom, 3-bath residence, tucked ...	3 beds \| 3 baths \| 2,244 sq.ft.	$407,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.3% Airbnb Rental Income: $null Traditional Rental Income: $2263 Airbnb ROI: N/A Traditional ROI: 4.3%
106 Meadow Court Gray, TN *** Seller is offering $10,000 in closing costs and prepaid items to the buyer with an acc...	4 beds \| 3 baths \| 2,615 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.78% Airbnb Rental Income: $null Traditional Rental Income: $2399 Airbnb ROI: N/A Traditional ROI: 3.78%
137 Valley Street Gray, TN This two-bedroom cottage offers perfectly unrestricted views of Boone Lake and is centrall...	2 beds \| 2 baths \| 912 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $1384 Airbnb ROI: N/A Traditional ROI: 4.89%
381 Boonesboro Road Gray, TN Welcome home to this beautiful and elegant ranch-style residence that blends comfort, styl...	3 beds \| 2 baths \| 2,681 sq.ft.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $2250 Airbnb ROI: N/A Traditional ROI: 2.19%
20 Boone Hill Court unit: 20 Gray, TN Join us Sunday, 3/29/2026 from 2pm-4pm for an Easter treat to all attendees. You will fall...	1 beds \| 1 baths \| 640 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $1037 Airbnb ROI: N/A Traditional ROI: 5.01%
1148 Cliffview Circle Gray, TN START YOUR HOME SEARCH HERE! Located at an elevation of approximately 1,860 feet in the de...	5 beds \| 4 baths \| 3,507 sq.ft.	$795,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.98% Airbnb Rental Income: $null Traditional Rental Income: $3341 Airbnb ROI: N/A Traditional ROI: 2.98%

Your search for investment property begins and ends here

Condos for Sale in Gray, TN

818 Hales Chapel Road

Gray, TN

4 beds | 3 baths | 3,635 sq.ft.

$766,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.31%

Airbnb Rental Income: $null

Traditional Rental Income: $2706

Airbnb ROI: N/A

Traditional ROI: 2.31%

124 Lazy Lane

Gray, TN

4 beds | 3 baths | 3,134 sq.ft.

$700,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.21%

Airbnb Rental Income: $null

Traditional Rental Income: $1787

Airbnb ROI: N/A

Traditional ROI: 1.21%

127 Patrick Lane

Gray, TN

8 beds | 4 baths | N/A

$589,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.24%

Airbnb Rental Income: $null

Traditional Rental Income: $3609

Airbnb ROI: N/A

Traditional ROI: 5.24%

6277 Kingsport Highway

Gray, TN

3 beds | 1 baths | 864 sq.ft.

$295,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.9%

Airbnb Rental Income: $null

Traditional Rental Income: $1221

Airbnb ROI: N/A

Traditional ROI: 2.9%

121 Valley Circle

Gray, TN

3 beds | 3 baths | 1,776 sq.ft.

$273,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2010

Airbnb ROI: N/A

Traditional ROI: 6.19%

201 Gunners Way

Gray, TN

3 beds | 3 baths | 1,724 sq.ft.

$359,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.42%

Airbnb Rental Income: $null

Traditional Rental Income: $2226

Airbnb ROI: N/A

Traditional ROI: 4.42%

179 Cindy Anne Drive

Gray, TN

4 beds | 3 baths | 3,298 sq.ft.

$600,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.76%

Airbnb Rental Income: $null

Traditional Rental Income: $1787

Airbnb ROI: N/A

Traditional ROI: 1.76%

1069 Gray Station Road

Gray, TN

3 beds | 2 baths | 1,595 sq.ft.

$349,800

Airbnb cash on cash: N/A

Traditional cash on cash: 4.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1889

Airbnb ROI: N/A