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
272 MILITARY RD Kalama, WA About this homeThis bright and inviting Kalama home blends modern updates with unique 1920...	4 beds \| 2 baths \| 2,144 sq.ft.	$470,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.04% Airbnb Rental Income: $null Traditional Rental Income: $3524 Airbnb ROI: N/A Traditional ROI: 6.04%
850 WATERS WATCH RD Kalama, WA Peek-a-Boo River Views in a Beautifully Updated Home! This spacious and thoughtfully desig...	4 beds \| 3 baths \| 2,538 sq.ft.	$669,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.29% Airbnb Rental Income: $null Traditional Rental Income: $3183 Airbnb ROI: N/A Traditional ROI: 3.29%
1545 CHINA GARDEN RD Kalama, WA Great Kalama location ...A private secluded high quality home with serenity in a nature f...	4 beds \| 3 baths \| 2,450 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.41% Airbnb Rental Income: $null Traditional Rental Income: $3744 Airbnb ROI: N/A Traditional ROI: 3.41%
442 VARSITY RD Kalama, WA Incredible Columbia river views from nearly every room. Custom designed, meticulously buil...	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%
1002 CEDAR ST Kalama, WA Welcome to 1002 Cedar St, Kalama, WA â a beautifully remodeled duplex offering the perfe...	N/A beds \| N/A baths \| 1,656 sq.ft.	$540,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 2.46% Airbnb Rental Income: $847 Traditional Rental Income: $2053 Airbnb ROI: -0.58% Traditional ROI: 2.46%
1002 N 1ST ST Kalama, WA $25,000 PRICE IMPROVEMENT! MOTIVATED SELLERS! Updated Kalama home with Columbia River view...	3 beds \| 2 baths \| 1,392 sq.ft.	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.21% Airbnb Rental Income: $null Traditional Rental Income: $2514 Airbnb ROI: N/A Traditional ROI: 4.21%
810 TAYLOR RD Kalama, WA Revel in gorgeous Columbia River Views from the welcoming front porch and sun-filled livi...	2 beds \| 2 baths \| 893 sq.ft.	$454,900	Airbnb cash on cash: 1.67% Traditional cash on cash: 4.42% Airbnb Rental Income: $1751 Traditional Rental Income: $2440 Airbnb ROI: 1.67% Traditional ROI: 4.42%
276 CHAMPION RD Kalama, WA Welcome to your picture-perfect retreat! Nestled on a private, tree-lined 2 acres, this be...	5 beds \| 3 baths \| 2,472 sq.ft.	$789,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.28% Airbnb Rental Income: $null Traditional Rental Income: $3773 Airbnb ROI: N/A Traditional ROI: 3.28%
100 NOVA LN Kalama, WA Charming Custom One-Level Home in Kalama on a Corner Lot. Located in a cozy, newer subdivi...	4 beds \| 2 baths \| 2,060 sq.ft.	$632,990	Airbnb cash on cash: N/A Traditional cash on cash: 3.78% Airbnb Rental Income: $null Traditional Rental Income: $3428 Airbnb ROI: N/A Traditional ROI: 3.78%
362 OLIVIA LN Kalama, WA Welcome to this immaculately cared-for Custom Craftsman home perfectly positioned on a 2.3...	3 beds \| 3 baths \| 3,371 sq.ft.	$1,450,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.29% Airbnb Rental Income: $null Traditional Rental Income: $4021 Airbnb ROI: N/A Traditional ROI: 1.29%
3287 Green Mountain RD Kalama, WA SIP built home, 5 private acres, No CCR's. An extra large primary bedroom and perfect size...	2 beds \| 3 baths \| 2,268 sq.ft.	$599,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.17% Airbnb Rental Income: $1751 Traditional Rental Income: $3462 Airbnb ROI: 0.26% Traditional ROI: 4.17%
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.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.17% Airbnb Rental Income: $null Traditional Rental Income: $2818 Airbnb ROI: N/A Traditional ROI: 4.17%
161 SAUER RD Kalama, WA Beautiful sprawling single story home in Kalama with Columbia River views. This spacious 3...	3 beds \| 3 baths \| 2,183 sq.ft.	$764,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.92% Airbnb Rental Income: $null Traditional Rental Income: $3415 Airbnb ROI: N/A Traditional ROI: 2.92%
145 WOODEN BRIDGE RD Kalama, WA Over the river and through the woods you'll find your own fairy tail come true. Located o...	4 beds \| 1 baths \| 1,856 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.06% Airbnb Rental Income: $null Traditional Rental Income: $2523 Airbnb ROI: N/A Traditional ROI: 4.06%
214 Old Spreadborough RD Kalama, WA Rustic Retreat with Subterranean Bunkers on Almost 18 Acres* Escape to your private oas...	1 beds \| 1 baths \| 600 sq.ft.	$419,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 2.48% Airbnb Rental Income: $796 Traditional Rental Income: $1714 Airbnb ROI: -0.68% Traditional ROI: 2.48%
160 WINDY RIVER RD Kalama, WA Welcome to your private retreat on Windy River Rd! This exceptional property blends tranqu...	3 beds \| 2 baths \| 2,620 sq.ft.	$850,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.69% Airbnb Rental Income: $null Traditional Rental Income: $3722 Airbnb ROI: N/A Traditional ROI: 2.69%
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.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.4% Airbnb Rental Income: $null Traditional Rental Income: $2193 Airbnb ROI: N/A Traditional ROI: 2.4%
2727 KALAMA RIVER RD Kalama, WA Set on 2 acres along the Kalama River, this property offers both natural beauty and functi...	3 beds \| 3 baths \| 3,475 sq.ft.	$1,075,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.15% Airbnb Rental Income: $null Traditional Rental Income: $4033 Airbnb ROI: N/A Traditional ROI: 2.15%
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%
194 River Ridge LN Kalama, WA KALAMA -- 3 Bedroom / 2 Bathroom Home -- 1512 Sqft -- Detached Double Garage -- Nearly 1 A...	3 beds \| 2 baths \| 1,512 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.93% Airbnb Rental Income: $null Traditional Rental Income: $2700 Airbnb ROI: N/A Traditional ROI: 5.93%

Real Estate investment in Kalama, WA

There are 20 properties for sale in the city of Kalama . The median list price in Kalama is $582,450 and the average price per square foot is $277. In October 2025, the average monthly cash on cash return in Kalama is 4.00%. The average monthly rental income in Kalama is $3,299.

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

There are 20 investment properties available for sale in Kalama.

In 2025, 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 $1,751.

Your search for investment property begins and ends here

Investment Property for Sale in Kalama, WA

272 MILITARY RD

Kalama, WA

4 beds | 2 baths | 2,144 sq.ft.

$470,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.04%

Airbnb Rental Income: $null

Traditional Rental Income: $3524

Airbnb ROI: N/A

Traditional ROI: 6.04%

850 WATERS WATCH RD

Kalama, WA

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

$669,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.29%

Airbnb Rental Income: $null

Traditional Rental Income: $3183

Airbnb ROI: N/A

Traditional ROI: 3.29%

1545 CHINA GARDEN RD

Kalama, WA

4 beds | 3 baths | 2,450 sq.ft.

$749,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.41%

Airbnb Rental Income: $null

Traditional Rental Income: $3744

Airbnb ROI: N/A

Traditional ROI: 3.41%

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%

1002 CEDAR ST

Kalama, WA

N/A beds | N/A baths | 1,656 sq.ft.

$540,000

Airbnb cash on cash: -0.58%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $847

Traditional Rental Income: $2053

Airbnb ROI: -0.58%

Traditional ROI: 2.46%

1002 N 1ST ST

Kalama, WA

3 beds | 2 baths | 1,392 sq.ft.

$435,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.21%

Airbnb Rental Income: $null

Traditional Rental Income: $2514

Airbnb ROI: N/A

Traditional ROI: 4.21%

810 TAYLOR RD

Kalama, WA

2 beds | 2 baths | 893 sq.ft.

$454,900

Airbnb cash on cash: 1.67%

Traditional cash on cash: 4.42%

Airbnb Rental Income: $1751

Traditional Rental Income: $2440

Airbnb ROI: 1.67%

Traditional ROI: 4.42%

276 CHAMPION RD

Kalama, WA

5 beds | 3 baths | 2,472 sq.ft.

$789,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.28%

Airbnb Rental Income: $null

Traditional Rental Income: $3773

Airbnb ROI: N/A