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
397 JUNIPER St Kalama, WA Spacious Kalama home with views of the Columbia River, large corner lot, master on main fl...	4 beds \| 4 baths \| 2,168 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.78% Airbnb Rental Income: $null Traditional Rental Income: $3574 Airbnb ROI: N/A Traditional ROI: 5.78%
442 VARSITY Rd Kalama, WA Incredible Home with unobstructed Columbia river views from nearly every room. Custom desi...	4 beds \| 4 baths \| 4,430 sq.ft.	$1,299,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.56% Airbnb Rental Income: $null Traditional Rental Income: $4122 Airbnb ROI: N/A Traditional ROI: 1.56%
220 HANSON Rd Kalama, WA Escape to a private 2.05-acre sanctuary boasting unrivaled seclusion and spectacular mount...	4 beds \| 3 baths \| 2,049 sq.ft.	$615,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.46% Airbnb Rental Income: $null Traditional Rental Income: $3540 Airbnb ROI: N/A Traditional ROI: 4.46%
406 CHEHALIS Kalama, WA Investor Alert! Over 2.5 acres zones R-2 (townhouse 2k min lot, single dwelling 5k min) Sm...	3 beds \| 1 baths \| 952 sq.ft.	$480,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.68% Airbnb Rental Income: $null Traditional Rental Income: $2193 Airbnb ROI: N/A Traditional ROI: 2.68%
1415 CLOVERDALE Rd Kalama, WA So much potential with over 2,500 sq. ft. of living space for you to make your own! Vaulte...	4 beds \| 3 baths \| 2,544 sq.ft.	$569,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.73% Airbnb Rental Income: $null Traditional Rental Income: $4075 Airbnb ROI: N/A Traditional ROI: 5.73%
569 N 3RD St Kalama, WA Come enjoy this one of a kind fully stick built home that is only a few years old. Tucked ...	2 beds \| 1 baths \| 768 sq.ft.	$354,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 4.09% Airbnb Rental Income: $1818 Traditional Rental Income: $1980 Airbnb ROI: 2.13% Traditional ROI: 4.09%
622 Stone Park Kalama, WA Exquisite home in the desirable Stone Forest development in Kalama w/views of the Columbia...	3 beds \| 3 baths \| 1,960 sq.ft.	$549,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.72% Airbnb Rental Income: $null Traditional Rental Income: $3462 Airbnb ROI: N/A Traditional ROI: 4.72%
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.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.88% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 2.88%

Real Estate investment in Kalama, WA

There are 10 properties for sale in the city of Kalama . The median list price in Kalama is $294,000 and the average price per square foot is $112. In March 2026, the average monthly cash on cash return in Kalama is 2.00%. The average monthly rental income in Kalama is $1,987.

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

There are 10 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 $837.

Your search for investment property begins and ends here

Investment Property for Sale in Kalama, WA

397 JUNIPER St

Kalama, WA

4 beds | 4 baths | 2,168 sq.ft.

$495,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.78%

Airbnb Rental Income: $null

Traditional Rental Income: $3574

Airbnb ROI: N/A

Traditional ROI: 5.78%

442 VARSITY Rd

Kalama, WA

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

$1,299,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.56%

Airbnb Rental Income: $null

Traditional Rental Income: $4122

Airbnb ROI: N/A

Traditional ROI: 1.56%

220 HANSON Rd

Kalama, WA

4 beds | 3 baths | 2,049 sq.ft.

$615,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.46%

Airbnb Rental Income: $null

Traditional Rental Income: $3540

Airbnb ROI: N/A

Traditional ROI: 4.46%

406 CHEHALIS

Kalama, WA

3 beds | 1 baths | 952 sq.ft.

$480,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.68%

Airbnb Rental Income: $null

Traditional Rental Income: $2193

Airbnb ROI: N/A

Traditional ROI: 2.68%

1415 CLOVERDALE Rd

Kalama, WA

4 beds | 3 baths | 2,544 sq.ft.

$569,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.73%

Airbnb Rental Income: $null

Traditional Rental Income: $4075

Airbnb ROI: N/A

Traditional ROI: 5.73%

569 N 3RD St

Kalama, WA

2 beds | 1 baths | 768 sq.ft.

$354,900

Airbnb cash on cash: 2.13%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $1818

Traditional Rental Income: $1980

Airbnb ROI: 2.13%

Traditional ROI: 4.09%

622 Stone Park

Kalama, WA

3 beds | 3 baths | 1,960 sq.ft.

$549,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.72%

Airbnb Rental Income: $null

Traditional Rental Income: $3462

Airbnb ROI: N/A

Traditional ROI: 4.72%

6396 KALAMA RIVER Rd

Kalama, WA

3 beds | 2 baths | 1,463 sq.ft.

$575,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2550

Airbnb ROI: N/A