Real Estate Investment Properties for Sale in Kalama, WA

Looking for investment property in Kalama, WA with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
320 China Garden Rd Kalama, WA New Price for the New Year! Amazing views from this spacious corner lot with views of the ...	4 beds \| 3 baths \| 3,488 sq.ft.	$569,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.2% Airbnb Rental Income: $null Traditional Rental Income: $4298 Airbnb ROI: N/A Traditional ROI: 6.2%
175 Eli Avery Ave Kalama, WA Welcome to 175 Eli Avery Ave, offering expansive, stunning, Columbia River & territorial v...	4 beds \| 3 baths \| 3,593 sq.ft.	$874,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $5031 Airbnb ROI: N/A Traditional ROI: 4.51%
850 Waters Watch Rd Kalama, WA Peek-a-Boo River Views in a Beautifully Updated Home! This spacious 4-bedroom home with a ...	4 beds \| 3 baths \| 2,538 sq.ft.	$639,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.49% Airbnb Rental Income: $null Traditional Rental Income: $3183 Airbnb ROI: N/A Traditional ROI: 3.49%
148 Greystone Rd Kalama, WA OPEN HOUSE! Sunday, Sept. 29th 1:30-4:30. ONE OWNER HOME. Totally refurbished, with new ...	4 beds \| 2 baths \| 1,400 sq.ft.	$479,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.39% Airbnb Rental Income: $null Traditional Rental Income: $2245 Airbnb ROI: N/A Traditional ROI: 3.39%
510 Stone Park Kalama, WA Charming custom built farm style home. Beautiful wood look Luxury Vinyl Tile, high ceiling...	3 beds \| 2 baths \| 2,078 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.84% Airbnb Rental Income: $null Traditional Rental Income: $2891 Airbnb ROI: N/A Traditional ROI: 4.84%
1055 Taylor Rd Kalama, WA Immaculate 4 bedroom 3 bath Kalama home has stunning views of the Columbia River. Enjoy sm...	4 beds \| 2 baths \| 2,445 sq.ft.	$549,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.1% Airbnb Rental Income: $null Traditional Rental Income: $3103 Airbnb ROI: N/A Traditional ROI: 4.1%
375 S 10th St Kalama, WA Stunning 2021 3 Bed 2.5 bath townhome, nestled in the hills above the quaint town of Kalam...	3 beds \| 2 baths \| 1,421 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $2677 Airbnb ROI: N/A Traditional ROI: 5.72%
442 Varsity Rd Kalama, WA Incredible Home with unobstructed Columbia river view from nearly every room. Custom desig...	4 beds \| 3 baths \| 4,430 sq.ft.	$1,279,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.59% Airbnb Rental Income: $null Traditional Rental Income: $4122 Airbnb ROI: N/A Traditional ROI: 1.59%
285 N 2nd St Kalama, WA Nestled amid the picturesque landscape overlooking the Columbia River, this charming two-s...	4 beds \| 2 baths \| 1,927 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.7% Airbnb Rental Income: $null Traditional Rental Income: $1995 Airbnb ROI: N/A Traditional ROI: 2.7%
400 Fallert Rd Kalama, WA Hurry on this Affordable 4 bedroom, 2 bath 2,322 sq ft manufactured home on 2.05 acres!! Q...	4 beds \| 2 baths \| 2,322 sq.ft.	$459,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $3134 Airbnb ROI: N/A Traditional ROI: 5.28%
601 Stone View Way Kalama, WA Well-maintained home sits on a premium greenbelt lot that is offering peace and privacy. T...	3 beds \| 2 baths \| 1,740 sq.ft.	$509,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $3088 Airbnb ROI: N/A Traditional ROI: 4.61%
11 Ashland St Kalama, WA Charming single level home. Newer roof and windows. Hardwood floors with large living room...	2 beds \| 1 baths \| 918 sq.ft.	$319,500	Airbnb cash on cash: 3.6% Traditional cash on cash: 5.5% Airbnb Rental Income: $2229 Traditional Rental Income: $2240 Airbnb ROI: 3.6% Traditional ROI: 5.5%
202 Rocky Meadow Dr Kalama, WA Welcome to this beautifully maintained single-level home nestled in the Stone Forest commu...	3 beds \| 2 baths \| 1,746 sq.ft.	$489,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.12% Airbnb Rental Income: $null Traditional Rental Income: $2818 Airbnb ROI: N/A Traditional ROI: 4.12%
160 WINDY RIVER Rd Kalama, WA This exceptional property has it all. A nearly new home with single story layout, situated...	3 beds \| 2 baths \| 2,620 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.94% Airbnb Rental Income: $null Traditional Rental Income: $3722 Airbnb ROI: N/A Traditional ROI: 2.94%
4961 Green Mountain Rd Kalama, WA 4961 Green Mountain Rd, Kalama, WA 98625 \| Single Family Residential	5 beds \| 4 baths \| 6,130 sq.ft.	$3,595,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.53% Airbnb Rental Income: $null Traditional Rental Income: $4918 Airbnb ROI: N/A Traditional ROI: -0.53%
813 Varsity Rd Kalama, WA 813 Varsity Rd, Kalama, WA 98625 \| Single Family Residential	4 beds \| 4 baths \| 5,444 sq.ft.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.62% Airbnb Rental Income: $null Traditional Rental Income: $4646 Airbnb ROI: N/A Traditional ROI: 1.62%
1045 Taylor Rd Kalama, WA 1045 Taylor Rd, Kalama, WA 98625 \| Single Family Residential	3 beds \| 3 baths \| 3,372 sq.ft.	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.56% Airbnb Rental Income: $null Traditional Rental Income: $2947 Airbnb ROI: N/A Traditional ROI: 2.56%
0 Shirley Gordon Rd Kalama, WA 0 Shirley Gordon Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.02%
0 Shirley Gordon Rd #B Kalama, WA 0 Shirley Gordon Rd #B, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.02%
257 Serenity Ln Kalama, WA 257 Serenity Ln, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.79% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 2.79%
656 Varsity Rd Kalama, WA 656 Varsity Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.5% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.5%
0 0 Rogers Rd #2 Kalama, WA 0 0 Rogers Rd #2, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.86% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.86%
903 Confer Rd Kalama, WA 903 Confer Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.96% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 0.96%
0 0 Rogers Rd #1 Kalama, WA 0 0 Rogers Rd #1, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.86% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.86%
0 Ring Rd Kalama, WA 0 Ring Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$910,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.22% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: -1.22%
357 S 9th St Kalama, WA 357 S 9th St, Kalama, WA 98625 \| Manufactured Home	3 beds \| 2 baths \| 1,304 sq.ft.	$710,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.75% Airbnb Rental Income: $null Traditional Rental Income: $1896 Airbnb ROI: N/A Traditional ROI: 0.75%
341 S 9th St Kalama, WA 341 S 9th St, Kalama, WA 98625 \| Manufactured Home	3 beds \| 2 baths \| 1,512 sq.ft.	$710,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.19% Airbnb Rental Income: $null Traditional Rental Income: $2186 Airbnb ROI: N/A Traditional ROI: 1.19%
202 Windy River Rd #78 Kalama, WA 202 Windy River Rd #78, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.52% Airbnb Rental Income: $null Traditional Rental Income: $829 Airbnb ROI: N/A Traditional ROI: 1.52%
202 Windy River Rd Kalama, WA 202 Windy River Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.06% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 1.06%
6396 Kalama River Rd Kalama, WA Welcome to your own private retreat, where peaceful surroundings and mountain views set th...	3 beds \| 2 baths \| 1,463 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.06% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 3.06%
0 Olivia Ln Lot X Kalama, WA 0 Olivia Ln Lot X, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.67% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 0.67%
China Garden Rd #A Kalama, WA China Garden Rd #A, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.82% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 1.82%
China Garden Rd #D Kalama, WA China Garden Rd #D, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.27% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 2.27%
China Garden Rd #B Kalama, WA China Garden Rd #B, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.82% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 1.82%
0 China Garden Rd Kalama, WA 0 China Garden Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.27% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 2.27%
1173 Birch St Kalama, WA 1173 Birch St, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.98% Airbnb Rental Income: $null Traditional Rental Income: $804 Airbnb ROI: N/A Traditional ROI: 2.98%
120 Victoria Cir Kalama, WA 120 Victoria Cir, Kalama, WA 98625 \| Single Family Residential	4 beds \| 3 baths \| 2,700 sq.ft.	$860,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.55% Airbnb Rental Income: $null Traditional Rental Income: $3713 Airbnb ROI: N/A Traditional ROI: 2.55%
110 Wooden Bridge Rd Kalama, WA 110 Wooden Bridge Rd, Kalama, WA 98625 \| Single Family Residential	4 beds \| 1 baths \| 1,216 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.59% Airbnb Rental Income: $null Traditional Rental Income: $2002 Airbnb ROI: N/A Traditional ROI: 0.59%
837 Birch St Kalama, WA 837 Birch St, Kalama, WA 98625 \| Single Family Residential	4 beds \| 2 baths \| 2,014 sq.ft.	$514,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.1% Airbnb Rental Income: $null Traditional Rental Income: $3019 Airbnb ROI: N/A Traditional ROI: 4.1%
0 Liam Dr #F Kalama, WA 0 Liam Dr #F, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.33% Airbnb Rental Income: $null Traditional Rental Income: $830 Airbnb ROI: N/A Traditional ROI: 2.33%

Real Estate investment in Kalama, WA

There are 151 properties for sale in the city of Kalama . The median list price in Kalama is $449,631 and the average price per square foot is $193. In September 2026, the average monthly cash on cash return in Kalama is 2.00%. The average monthly rental income in Kalama is $831.

Kalama, WA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 151 investment properties available for sale in Kalama.

In 2026, the best neighborhood to buy investment property is Kalama.

The ROI for Short-Term is higher than the Long-Term in Kalama with average rental income of $2,229.

Your search for investment property begins and ends here

Investment Property for Sale in Kalama, WA

320 China Garden Rd

Kalama, WA

4 beds | 3 baths | 3,488 sq.ft.

$569,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.2%

Airbnb Rental Income: $null

Traditional Rental Income: $4298

Airbnb ROI: N/A

Traditional ROI: 6.2%

175 Eli Avery Ave

Kalama, WA

4 beds | 3 baths | 3,593 sq.ft.

$874,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.51%

Airbnb Rental Income: $null

Traditional Rental Income: $5031

Airbnb ROI: N/A

Traditional ROI: 4.51%

850 Waters Watch Rd

Kalama, WA

4 beds | 3 baths | 2,538 sq.ft.

$639,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.49%

Airbnb Rental Income: $null

Traditional Rental Income: $3183

Airbnb ROI: N/A

Traditional ROI: 3.49%

148 Greystone Rd

Kalama, WA

4 beds | 2 baths | 1,400 sq.ft.

$479,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.39%

Airbnb Rental Income: $null

Traditional Rental Income: $2245

Airbnb ROI: N/A

Traditional ROI: 3.39%

510 Stone Park

Kalama, WA

3 beds | 2 baths | 2,078 sq.ft.

$499,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.84%

Airbnb Rental Income: $null

Traditional Rental Income: $2891

Airbnb ROI: N/A

Traditional ROI: 4.84%

1055 Taylor Rd

Kalama, WA

4 beds | 2 baths | 2,445 sq.ft.

$549,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.1%

Airbnb Rental Income: $null

Traditional Rental Income: $3103

Airbnb ROI: N/A

Traditional ROI: 4.1%

375 S 10th St

Kalama, WA

3 beds | 2 baths | 1,421 sq.ft.

$379,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.72%

Airbnb Rental Income: $null

Traditional Rental Income: $2677

Airbnb ROI: N/A

Traditional ROI: 5.72%

442 Varsity Rd

Kalama, WA

4 beds | 3 baths | 4,430 sq.ft.

$1,279,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.59%

Airbnb Rental Income: $null

Traditional Rental Income: $4122

Airbnb ROI: N/A