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.

Investment Property for Sale in Gray, TN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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: 2.05% Traditional cash on cash: 2.9% Airbnb Rental Income: $1408 Traditional Rental Income: $1221 Airbnb ROI: 2.05% Traditional ROI: 2.9%
105 Autumn Creek Lane #. Gray, TN Welcome to 105 Autumn Creek Lane, a beautifully maintained home offering comfort, style, a...	2 beds \| 2 baths \| 960 sq.ft.	$169,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 5.98% Airbnb Rental Income: $549 Traditional Rental Income: $1274 Airbnb ROI: -0.23% Traditional ROI: 5.98%
179 Cindy Anne Drive Gray, TN Welcome to 179 Cindy Anne Dr in Gray, TN, a well-maintained 4-bedroom, 3-bathroom home off...	4 beds \| 3 baths \| 3,298 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.2% Airbnb Rental Income: $null Traditional Rental Income: $2494 Airbnb ROI: N/A Traditional ROI: 3.2%
211 Crystal Springs Circle Gray, TN Welcome home to this beautifully maintained property that offers the space, flexibility, a...	3 beds \| 3 baths \| 1,871 sq.ft.	$385,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 3.85% Airbnb Rental Income: $1408 Traditional Rental Income: $1969 Airbnb ROI: 1.13% Traditional ROI: 3.85%
323 Piper Glen Gray, TN Modern style, a smart layout, and low-maintenance living all come together in this beautif...	3 beds \| 3 baths \| 1,846 sq.ft.	$328,500	Airbnb cash on cash: 1.05% Traditional cash on cash: 5.88% Airbnb Rental Income: $1408 Traditional Rental Income: $2477 Airbnb ROI: 1.05% Traditional ROI: 5.88%
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.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.62% Airbnb Rental Income: $null Traditional Rental Income: $2893 Airbnb ROI: N/A Traditional ROI: 3.62%
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.	$495,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 4.44% Airbnb Rental Income: $1408 Traditional Rental Income: $2795 Airbnb ROI: 0.53% Traditional ROI: 4.44%
116 Lindsay Lane Gray, TN Welcome to this beautifully updated 4-bedroom, 3.5-bath home in Gray. Ideally situated bet...	4 beds \| 4 baths \| 2,280 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 5% Airbnb Rental Income: $null Traditional Rental Income: $2913 Airbnb ROI: N/A Traditional ROI: 5%
667 Rockingham Road Gray, TN Lakefront Living in Gray, TN Discover the perfect blend of comfort, space, and waterfront ...	4 beds \| 4 baths \| 3,483 sq.ft.	$998,800	Airbnb cash on cash: N/A Traditional cash on cash: 2.92% Airbnb Rental Income: $null Traditional Rental Income: $3903 Airbnb ROI: N/A Traditional ROI: 2.92%
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: 0.1% Traditional cash on cash: 2.19% Airbnb Rental Income: $1408 Traditional Rental Income: $2250 Airbnb ROI: 0.1% Traditional ROI: 2.19%
216 Bridgewater Court Gray, TN Luxury Living with Unmatched Convenience in the Tri-Cities Step into an oversized, open-co...	3 beds \| 3 baths \| 2,900 sq.ft.	$420,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 4.37% Airbnb Rental Income: $1408 Traditional Rental Income: $2351 Airbnb ROI: 0.9% Traditional ROI: 4.37%
624 Glen Oaks Place Gray, TN Welcome to your next home in the highly desirable Gray, Tennessee area, conveniently locat...	5 beds \| 4 baths \| 2,508 sq.ft.	$485,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.62% Airbnb Rental Income: $null Traditional Rental Income: $2809 Airbnb ROI: N/A Traditional ROI: 4.62%
2 Gatewood Drive Gray, TN MOTIVATED * SELLER RELOCATING -Custom-Built, one-owner home in the highly sought-after Lak...	4 beds \| 3 baths \| 2,444 sq.ft.	$485,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.99% Airbnb Rental Income: $null Traditional Rental Income: $2518 Airbnb ROI: N/A Traditional ROI: 3.99%
355 Wiltshire Gray, TN Welcome to this charming one level home located in the desirable Wiltshire neighborhood in...	4 beds \| 2 baths \| 2,833 sq.ft.	$539,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $2409 Airbnb ROI: N/A Traditional ROI: 3.23%
107 Springview Drive Gray, TN Welcome to 107 Springview Drive, a charming 3-bedroom, 3-bathroom two-story home perfectly...	3 beds \| 3 baths \| 2,096 sq.ft.	$350,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 5.25% Airbnb Rental Income: $1408 Traditional Rental Income: $2241 Airbnb ROI: 1.43% Traditional ROI: 5.25%
112 Hillrise Road Gray, TN Welcome to 112 Hillrise Rd in the delightful Gray community of Northeast Tennessee! Situat...	3 beds \| 2 baths \| 2,104 sq.ft.	$529,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 2.85% Airbnb Rental Income: $1408 Traditional Rental Income: $2174 Airbnb ROI: 0.45% Traditional ROI: 2.85%
1621 Prospects Way Gray, TN New Construction in Daniels Ridge! This beautifully designed 3-bedroom, 3-bath home offers...	4 beds \| 3 baths \| 2,281 sq.ft.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.79% Airbnb Rental Income: $null Traditional Rental Income: $2408 Airbnb ROI: N/A Traditional ROI: 2.79%
143 Quiet Stroll Lane Gray, TN Stunning new construction patio home offering 4 bedrooms, 3 full bathrooms, and quality fi...	4 beds \| 3 baths \| 500 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.17% Airbnb Rental Income: $null Traditional Rental Income: $1590 Airbnb ROI: N/A Traditional ROI: 2.17%
113 Midway Street Gray, TN Beautifully renovated 3 bedroom, 1.5 bathroom home in an established neighborhood. There a...	3 beds \| 2 baths \| 1,519 sq.ft.	$285,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 5.1% Airbnb Rental Income: $1408 Traditional Rental Income: $1751 Airbnb ROI: 2.25% Traditional ROI: 5.1%
164 Ramsey Drive Gray, TN Welcome home to this beautifully maintained property tucked away near the end of a quiet d...	3 beds \| 2 baths \| 1,352 sq.ft.	$249,900	Airbnb cash on cash: 2.43% Traditional cash on cash: 5.28% Airbnb Rental Income: $1408 Traditional Rental Income: $1656 Airbnb ROI: 2.43% Traditional ROI: 5.28%
9 Thunder Bay Drive Gray, TN Private Boone Lake retreat with panoramic cliff-top views on nearly 3 acres in Lake Harbor...	4 beds \| 4 baths \| 3,816 sq.ft.	$1,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.36% Airbnb Rental Income: $null Traditional Rental Income: $3979 Airbnb ROI: N/A Traditional ROI: 2.36%
50 Sunset Ridge Court Gray, TN Refined luxury meets mountain ridge views at 50 Sunset Ridge Ct, a 4BR/4BA residence in on...	4 beds \| 4 baths \| 5,092 sq.ft.	$1,300,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.37% Airbnb Rental Income: $null Traditional Rental Income: $3337 Airbnb ROI: N/A Traditional ROI: 1.37%
201 Gunners Way Gray, TN New Price! New opportunity! Welcome home to comfort, space, and modern design in this beau...	3 beds \| 3 baths \| 1,724 sq.ft.	$349,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 4.58% Airbnb Rental Income: $1408 Traditional Rental Income: $2226 Airbnb ROI: 0.79% Traditional ROI: 4.58%
119 Valley Place Drive Gray, TN Welcome to this beautifully updated single-level home in the highly sought-after Gray/Boon...	4 beds \| 2 baths \| 1,276 sq.ft.	$304,990	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $1790 Airbnb ROI: N/A Traditional ROI: 4.71%
319 Piper Glen Gray, TN Welcome to this beautifully crafted two-level PUD built in 2024 by Scott Britton Construct...	3 beds \| 3 baths \| 1,846 sq.ft.	$329,900	Airbnb cash on cash: 1.04% Traditional cash on cash: 5.12% Airbnb Rental Income: $1408 Traditional Rental Income: $2248 Airbnb ROI: 1.04% Traditional ROI: 5.12%
380 Oak Grove Road Gray, TN Farmhouse in Gray with so much potential! This home was built in 1900 and is begging for s...	4 beds \| 3 baths \| 2,267 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.51% Airbnb Rental Income: $null Traditional Rental Income: $2373 Airbnb ROI: N/A Traditional ROI: 8.51%
101 Village Lane Gray, TN Welcome to 101 Village Ln - a cozy and well-kept home on 0.57 acre in a great Gray locatio...	3 beds \| 2 baths \| 2,082 sq.ft.	$237,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 8.01% Airbnb Rental Income: $1408 Traditional Rental Income: $2197 Airbnb ROI: 2.6% Traditional ROI: 8.01%
2208 Oak Street Gray, TN Welcome home to this beautiful brand-new 3 bedroom, 2 bath single-level home offering an e...	3 beds \| 2 baths \| 1,266 sq.ft.	$260,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 5.16% Airbnb Rental Income: $1408 Traditional Rental Income: $1779 Airbnb ROI: 1.93% Traditional ROI: 5.16%
153 H R King Road #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.	$484,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 3.29% Airbnb Rental Income: $549 Traditional Rental Income: $2117 Airbnb ROI: -0.8% Traditional ROI: 3.29%
106 Meadow Court Gray, TN This 4-bedroom, 2.5-bath home offers a well-designed layout with the ease and convenience ...	4 beds \| 3 baths \| 2,615 sq.ft.	$429,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.28% Airbnb Rental Income: $null Traditional Rental Income: $2399 Airbnb ROI: N/A Traditional ROI: 4.28%
137 Valley Street Gray, TN BUYER FINANCING FELL THROUGH. This two-bedroom cottage offers perfectly unrestricted views...	2 beds \| 2 baths \| 912 sq.ft.	$219,900	Airbnb cash on cash: -0.47% Traditional cash on cash: 4.89% Airbnb Rental Income: $549 Traditional Rental Income: $1384 Airbnb ROI: -0.47% Traditional ROI: 4.89%
177 Sunset Meadows Court Gray, TN Tucked within the highly sought-after Sunset Ridge subdivision, this stunning European-ins...	5 beds \| 3 baths \| 2,902 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.3% Airbnb Rental Income: $null Traditional Rental Income: $2776 Airbnb ROI: N/A Traditional ROI: 3.3%
80 Mill Race Court Gray, TN No steps in this fastidiously maintained, 2 Bedroom, 2 Bath end unit condo with pleasant v...	2 beds \| 2 baths \| 1,556 sq.ft.	$368,900	Airbnb cash on cash: -0.88% Traditional cash on cash: 4.07% Airbnb Rental Income: $549 Traditional Rental Income: $1984 Airbnb ROI: -0.88% Traditional ROI: 4.07%
185 Mcafee Bluff Gray, TN Panoramic Appalachian Mountain & Water Front Views \| Exceptional Lake Meadows Luxury Comma...	4 beds \| 3 baths \| 3,980 sq.ft.	$700,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.34% Airbnb Rental Income: $null Traditional Rental Income: $2530 Airbnb ROI: N/A Traditional ROI: 2.34%
131 Quiet Stroll Lane Gray, TN Step into this beautifully designed 4-bedroom, 3 full bath home that combines modern style...	4 beds \| 3 baths \| 2,450 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.52% Airbnb Rental Income: $null Traditional Rental Income: $2536 Airbnb ROI: N/A Traditional ROI: 3.52%
120 Hillview Court Gray, TN Spacious 5 bedroom, 3 full bath, 1 half bath home with a functional layout and plenty of r...	5 beds \| 4 baths \| 2,927 sq.ft.	$519,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.56% Airbnb Rental Income: $null Traditional Rental Income: $3013 Airbnb ROI: N/A Traditional ROI: 4.56%
223 Cedar Creek Road Gray, TN Welcome home to this sweet little cottage nestled in the heart of Gray, Tennessee. Situate...	2 beds \| 1 baths \| 768 sq.ft.	$189,900	Airbnb cash on cash: -0.31% Traditional cash on cash: 4.12% Airbnb Rental Income: $549 Traditional Rental Income: $1067 Airbnb ROI: -0.31% Traditional ROI: 4.12%
117 Windsong Drive Gray, TN Some houses check the boxes. Others just feel like home. Tucked away in the heart of Gray,...	3 beds \| 3 baths \| 1,945 sq.ft.	$309,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 6.05% Airbnb Rental Income: $1408 Traditional Rental Income: $2210 Airbnb ROI: 1.83% Traditional ROI: 6.05%
336 Harps Lane #0 Gray, TN Welcome to this beautiful condo in the heart of Gray, offering the perfect blend of style,...	2 beds \| 2 baths \| 1,634 sq.ft.	$375,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 4.42% Airbnb Rental Income: $549 Traditional Rental Income: $2133 Airbnb ROI: -0.88% Traditional ROI: 4.42%
306 Boring Chapel Road Gray, TN Multiple Offers Welcome to this charming 3-bedroom, 2.5-bath home nestled on a privat...	3 beds \| 3 baths \| 1,634 sq.ft.	$335,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 4.17% Airbnb Rental Income: $1408 Traditional Rental Income: $1836 Airbnb ROI: 1.46% Traditional ROI: 4.17%

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

There are 40 investment properties available for sale in Gray.

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

The ROI for Short-Term is higher than the Long-Term in Gray with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, TN

6277 Kingsport Highway

Gray, TN

3 beds | 1 baths | 864 sq.ft.

$295,000

Airbnb cash on cash: 2.05%

Traditional cash on cash: 2.9%

Airbnb Rental Income: $1408

Traditional Rental Income: $1221

Airbnb ROI: 2.05%

Traditional ROI: 2.9%

105 Autumn Creek Lane #.

Gray, TN

2 beds | 2 baths | 960 sq.ft.

$169,900

Airbnb cash on cash: -0.23%

Traditional cash on cash: 5.98%

Airbnb Rental Income: $549

Traditional Rental Income: $1274

Airbnb ROI: -0.23%

Traditional ROI: 5.98%

179 Cindy Anne Drive

Gray, TN

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

$575,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.2%

Airbnb Rental Income: $null

Traditional Rental Income: $2494

Airbnb ROI: N/A

Traditional ROI: 3.2%

211 Crystal Springs Circle

Gray, TN

3 beds | 3 baths | 1,871 sq.ft.

$385,000

Airbnb cash on cash: 1.13%

Traditional cash on cash: 3.85%

Airbnb Rental Income: $1408

Traditional Rental Income: $1969

Airbnb ROI: 1.13%

Traditional ROI: 3.85%

323 Piper Glen

Gray, TN

3 beds | 3 baths | 1,846 sq.ft.

$328,500

Airbnb cash on cash: 1.05%

Traditional cash on cash: 5.88%

Airbnb Rental Income: $1408

Traditional Rental Income: $2477

Airbnb ROI: 1.05%

Traditional ROI: 5.88%

16 Chaucer Court

Gray, TN

5 beds | 3 baths | 3,780 sq.ft.

$599,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.62%

Airbnb Rental Income: $null

Traditional Rental Income: $2893

Airbnb ROI: N/A

Traditional ROI: 3.62%

137 Austin Ridge Court

Gray, TN

3 beds | 4 baths | 2,655 sq.ft.

$495,000

Airbnb cash on cash: 0.53%

Traditional cash on cash: 4.44%

Airbnb Rental Income: $1408

Traditional Rental Income: $2795

Airbnb ROI: 0.53%

Traditional ROI: 4.44%

116 Lindsay Lane

Gray, TN

4 beds | 4 baths | 2,280 sq.ft.

$475,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5%

Airbnb Rental Income: $null

Traditional Rental Income: $2913

Airbnb ROI: N/A