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 OPEN HOUSE, SATURDAY 4/11 from Noon to 3 pm. Opportunity with a view! This spacious 2,168 ...	3 beds \| 3 baths \| 2,168 sq.ft.	$432,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 6.68% Airbnb Rental Income: $1163 Traditional Rental Income: $3574 Airbnb ROI: -0.22% Traditional ROI: 6.68%
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.	$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%
442 VARSITY Rd Kalama, WA Incredible Home with unobstructed Columbia river view from nearly every room. Custom desig...	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%
276 CHAMPION Rd Kalama, WA Welcome to your picture-perfect Kalama retreat! Nestled on a private, tree-lined 2 acres, ...	5 beds \| 3 baths \| 2,472 sq.ft.	$769,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.39% Airbnb Rental Income: $null Traditional Rental Income: $3773 Airbnb ROI: N/A Traditional ROI: 3.39%
362 OLIVIA Ln Kalama, WA Breathtaking views of the Columbia River! Experience this immaculately cared-for Custom Cr...	3 beds \| 3 baths \| 3,371 sq.ft.	$1,450,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 1.29% Airbnb Rental Income: $1163 Traditional Rental Income: $4021 Airbnb ROI: -1.12% Traditional ROI: 1.29%
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: 0.06% Traditional cash on cash: 3.21% Airbnb Rental Income: $1163 Traditional Rental Income: $2193 Airbnb ROI: 0.06% Traditional ROI: 3.21%
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: 0.86% Traditional cash on cash: 4.09% Airbnb Rental Income: $1311 Traditional Rental Income: $1980 Airbnb ROI: 0.86% 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: -0.31% Traditional cash on cash: 4.92% Airbnb Rental Income: $1163 Traditional Rental Income: $3462 Airbnb ROI: -0.31% Traditional ROI: 4.92%
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: -0.41% Traditional cash on cash: 2.88% Airbnb Rental Income: $1163 Traditional Rental Income: $2550 Airbnb ROI: -0.41% Traditional ROI: 2.88%
144 ANGELS Ln Kalama, WA The home needs a new septic tank to obtain a certificate of occupancy. Million-dollar ...	3 beds \| 2 baths \| 1,560 sq.ft.	$275,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 8.39% Airbnb Rental Income: $1163 Traditional Rental Income: $2688 Airbnb ROI: 1.03% Traditional ROI: 8.39%
125 ROYAL COACHMAN Ln Kalama, WA Experience exceptional riverfront living on the Kalama River. Situated on 2.76 private acr...	3 beds \| 3 baths \| 4,051 sq.ft.	$1,699,900	Airbnb cash on cash: -1.29% Traditional cash on cash: 0.5% Airbnb Rental Income: $1163 Traditional Rental Income: $3611 Airbnb ROI: -1.29% Traditional ROI: 0.5%

Real Estate investment in Kalama, WA

There are 12 properties for sale in the city of Kalama . The median list price in Kalama is $562,000 and the average price per square foot is $260. In April 2026, the average monthly cash on cash return in Kalama is 4.00%. The average monthly rental income in Kalama is $3,408.

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

There are 12 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 $1,163.

Your search for investment property begins and ends here

Investment Property for Sale in Kalama, WA

397 JUNIPER St

Kalama, WA

3 beds | 3 baths | 2,168 sq.ft.

$432,000

Airbnb cash on cash: -0.22%

Traditional cash on cash: 6.68%

Airbnb Rental Income: $1163

Traditional Rental Income: $3574

Airbnb ROI: -0.22%

Traditional ROI: 6.68%

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%

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%

276 CHAMPION Rd

Kalama, WA

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

$769,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.39%

Airbnb Rental Income: $null

Traditional Rental Income: $3773

Airbnb ROI: N/A

Traditional ROI: 3.39%

362 OLIVIA Ln

Kalama, WA

3 beds | 3 baths | 3,371 sq.ft.

$1,450,000

Airbnb cash on cash: -1.12%

Traditional cash on cash: 1.29%

Airbnb Rental Income: $1163

Traditional Rental Income: $4021

Airbnb ROI: -1.12%

Traditional ROI: 1.29%

406 CHEHALIS

Kalama, WA

3 beds | 1 baths | 952 sq.ft.

$480,000

Airbnb cash on cash: 0.06%

Traditional cash on cash: 3.21%

Airbnb Rental Income: $1163

Traditional Rental Income: $2193

Airbnb ROI: 0.06%

Traditional ROI: 3.21%

569 N 3RD St

Kalama, WA

2 beds | 1 baths | 768 sq.ft.

$354,900

Airbnb cash on cash: 0.86%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $1311

Traditional Rental Income: $1980

Airbnb ROI: 0.86%