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 \| 3 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 \| 3 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.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.17% Airbnb Rental Income: $null Traditional Rental Income: $3540 Airbnb ROI: N/A Traditional ROI: 4.17%
5224 Meeker Dr Kalama, WA Columbia river views on flat usable acreage, with shop or second living quarters, backed t...	3 beds \| 2 baths \| 1,800 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.59% Airbnb Rental Income: $null Traditional Rental Income: $2887 Airbnb ROI: N/A Traditional ROI: 4.59%
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.	$550,000	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%
362 N 3RD Pl Kalama, WA Charming early-1900s bungalow located on a corner lot in the heart of growing Kalama. Rece...	3 beds \| 2 baths \| 1,418 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.99% Airbnb Rental Income: $null Traditional Rental Income: $2870 Airbnb ROI: N/A Traditional ROI: 9.99%
622 Stone Park Kalama, WA Exquisite home in the desirable Stone Forest development in Kalama w/views of the Columbia...	3 beds \| 2 baths \| 1,960 sq.ft.	$569,000	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%
125 River Glen Ter Kalama, WA 125 River Glen Ter, Kalama, WA 98625 \| Single Family Residential	4 beds \| 3 baths \| 2,112 sq.ft.	$875,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.62% Airbnb Rental Income: $null Traditional Rental Income: $3018 Airbnb ROI: N/A Traditional ROI: 1.62%
1040 Ashland Kalama, WA 1040 Ashland, Kalama, WA 98625 \| Single Family Residential	3 beds \| 2 baths \| 1,160 sq.ft.	$410,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.04% Airbnb Rental Income: $null Traditional Rental Income: $2020 Airbnb ROI: N/A Traditional ROI: 3.04%
300 Modrow Rd Kalama, WA 300 Modrow Rd, Kalama, WA 98625 \| Single Family Residential	3 beds \| 2 baths \| 3,155 sq.ft.	$649,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.76% Airbnb Rental Income: $null Traditional Rental Income: $2959 Airbnb ROI: N/A Traditional ROI: 2.76%
569 N 3rd Kalama, WA 569 N 3rd, Kalama, WA 98625 \| Single Family Residential	2 beds \| 1 baths \| 783 sq.ft.	$354,900	Airbnb cash on cash: 1.73% Traditional cash on cash: 2.66% Airbnb Rental Income: $1818 Traditional Rental Income: $1637 Airbnb ROI: 1.73% Traditional ROI: 2.66%
4961 Green Mountain Rd Kalama, WA 4961 Green Mountain Rd, Kalama, WA 98625 \| Single Family Residential	5 beds \| 4 baths \| 6,130 sq.ft.	$4,600,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.84% Airbnb Rental Income: $null Traditional Rental Income: $4918 Airbnb ROI: N/A Traditional ROI: -0.84%
155 Elm St Kalama, WA 155 Elm St, Kalama, WA 98625 \| Single Family Residential	3 beds \| 2 baths \| 12,460 sq.ft.	$429,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.87% Airbnb Rental Income: $null Traditional Rental Income: $2442 Airbnb ROI: N/A Traditional ROI: 3.87%
813 Varsity Rd Kalama, WA 813 Varsity Rd, Kalama, WA 98625 \| Single Family Residential	4 beds \| 4 baths \| 4,798 sq.ft.	$1,450,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.27% Airbnb Rental Income: $null Traditional Rental Income: $4646 Airbnb ROI: N/A Traditional ROI: 1.27%
625 Nectarine Dr Kalama, WA 625 Nectarine Dr, Kalama, WA 98625 \| Single Family Residential	4 beds \| 4 baths \| 4,963 sq.ft.	$1,450,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.44% Airbnb Rental Income: $null Traditional Rental Income: $4693 Airbnb ROI: N/A Traditional ROI: 1.44%
160 S 1st St Kalama, WA 160 S 1st St, Kalama, WA 98625 \| Single Family Residential	1 beds \| 2 baths \| 2,406 sq.ft.	$487,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 2.65% Airbnb Rental Income: $796 Traditional Rental Income: $2199 Airbnb ROI: -1.14% Traditional ROI: 2.65%
0 Feather Ridge Dr Kalama, WA 0 Feather Ridge Dr, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 1.02% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.02% Traditional ROI: 1.02%
0 Shirley Gordon Rd Kalama, WA 0 Shirley Gordon Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 0.73% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.21% Traditional ROI: 0.73%
0 Shirley Gordon Rd #B Kalama, WA 0 Shirley Gordon Rd #B, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 0.73% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.21% Traditional ROI: 0.73%
257 Serenity Ln Kalama, WA 257 Serenity Ln, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$160,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 2.21% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: 0.75% Traditional ROI: 2.21%
4733 Green Mountain Rd Kalama, WA 4733 Green Mountain Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$132,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 3.03% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: 1.28% Traditional ROI: 3.03%
656 Varsity Rd Kalama, WA 656 Varsity Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$220,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 0.87% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.2% Traditional ROI: 0.87%
560 Varsity Rd Kalama, WA 560 Varsity Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$184,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 1.39% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: 0.13% Traditional ROI: 1.39%
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: 0.92% Traditional cash on cash: 2.47% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: 0.92% Traditional ROI: 2.47%
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: -0.06% Traditional cash on cash: 0.96% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.06% 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: 0.92% Traditional cash on cash: 2.47% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: 0.92% Traditional ROI: 2.47%
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: -1.48% Traditional cash on cash: -1.22% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -1.48% Traditional ROI: -1.22%
149 Resort Ln Kalama, WA 149 Resort Ln, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 1.02% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.02% Traditional ROI: 1.02%
149 Resort Ln #1 Kalama, WA 149 Resort Ln #1, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 1.02% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.02% Traditional ROI: 1.02%
3109 Green Mountain Rd Kalama, WA 3109 Green Mountain Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$350,000	Airbnb cash on cash: -0.71% Traditional cash on cash: -0.03% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.71% Traditional ROI: -0.03%
787 Five Peaks Dr Kalama, WA 787 Five Peaks Dr, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$414,900	Airbnb cash on cash: -1.1% Traditional cash on cash: -0.52% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -1.1% Traditional ROI: -0.52%
0 Cascadia Ln Kalama, WA 0 Cascadia Ln, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 0.73% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.21% Traditional ROI: 0.73%
0 Cascadia Ln #2 Kalama, WA 0 Cascadia Ln #2, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 0.73% Airbnb Rental Income: $837 Traditional Rental Income: $731 Airbnb ROI: -0.21% Traditional ROI: 0.73%
357 S 9th St Kalama, WA 357 S 9th St, Kalama, WA 98625 \| Manufactured Home	3 beds \| 2 baths \| 1,304 sq.ft.	$849,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.3% Airbnb Rental Income: $null Traditional Rental Income: $1896 Airbnb ROI: N/A Traditional ROI: 0.3%
341 S 9th St Kalama, WA 341 S 9th St, Kalama, WA 98625 \| Manufactured Home	3 beds \| 2 baths \| 1,512 sq.ft.	$849,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.67% Airbnb Rental Income: $null Traditional Rental Income: $2186 Airbnb ROI: N/A Traditional ROI: 0.67%
248 Shipview Rd Kalama, WA Stunning Views! Unique design, Enclosed Foyer to both levels. Main on upper level has open...	3 beds \| 2 baths \| 2,476 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.5% Airbnb Rental Income: $null Traditional Rental Income: $3327 Airbnb ROI: N/A Traditional ROI: 7.5%
202 Windy River Rd #78 Kalama, WA 202 Windy River Rd #78, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$229,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 2.56% Airbnb Rental Income: $837 Traditional Rental Income: $1147 Airbnb ROI: -0.39% Traditional ROI: 2.56%
202 Windy River Rd Kalama, WA 202 Windy River Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$229,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 0.68% Airbnb Rental Income: $837 Traditional Rental Income: $741 Airbnb ROI: -0.39% Traditional ROI: 0.68%

Real Estate investment in Kalama, WA

There are 51 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 51 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 | 3 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 | 3 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.

$649,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.17%

Airbnb Rental Income: $null

Traditional Rental Income: $3540

Airbnb ROI: N/A

Traditional ROI: 4.17%

5224 Meeker Dr

Kalama, WA

3 beds | 2 baths | 1,800 sq.ft.

$460,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.59%

Airbnb Rental Income: $null

Traditional Rental Income: $2887

Airbnb ROI: N/A

Traditional ROI: 4.59%

406 Chehalis

Kalama, WA

3 beds | 1 baths | 952 sq.ft.

$550,000

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%

362 N 3RD Pl

Kalama, WA

3 beds | 2 baths | 1,418 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.99%

Airbnb Rental Income: $null

Traditional Rental Income: $2870

Airbnb ROI: N/A