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
320 China Garden Rd Kalama, WA New Price for the New Year! Amazing views from this spacious corner lot with views of the ...	4 beds \| 3 baths \| 3,488 sq.ft.	$594,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.9% Airbnb Rental Income: $null Traditional Rental Income: $4298 Airbnb ROI: N/A Traditional ROI: 5.9%
175 ELI AVERY Ave Kalama, WA Welcome to 175 Eli Avery Ave, offering expansive, stunning, Columbia River & territorial v...	4 beds \| 4 baths \| 3,593 sq.ft.	$899,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.36% Airbnb Rental Income: $null Traditional Rental Income: $5031 Airbnb ROI: N/A Traditional ROI: 4.36%
850 WATERS WATCH Rd Kalama, WA Peek-a-Boo River Views in a Beautifully Updated Home! This spacious 4-bedroom home with a ...	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%
375 S 10th St Kalama, WA Stunning 2021 3 Bed 2.5 bath townhome, nestled in the hills above the quaint town of Kalam...	3 beds \| 2 baths \| 1,421 sq.ft.	$384,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.64% Airbnb Rental Income: $null Traditional Rental Income: $2677 Airbnb ROI: N/A Traditional ROI: 5.64%
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.	$1,289,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.57% Airbnb Rental Income: $null Traditional Rental Income: $4122 Airbnb ROI: N/A Traditional ROI: 1.57%
601 Stone View Way Kalama, WA Well-maintained home sits on a premium greenbelt lot that is offering peace and privacy. T...	3 beds \| 3 baths \| 1,740 sq.ft.	$509,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $3088 Airbnb ROI: N/A Traditional ROI: 4.61%
11 Ashland St Kalama, WA Charming single level home. Newer roof and windows. Hardwood floors with large living room...	2 beds \| 1 baths \| 918 sq.ft.	$329,500	Airbnb cash on cash: 2.92% Traditional cash on cash: 5.31% Airbnb Rental Income: $2030 Traditional Rental Income: $2240 Airbnb ROI: 2.92% Traditional ROI: 5.31%
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.	$489,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.12% Airbnb Rental Income: $null Traditional Rental Income: $2818 Airbnb ROI: N/A Traditional ROI: 4.12%
160 WINDY RIVER Rd Kalama, WA This exceptional property has it all. A nearly new home with single story layout, situated...	3 beds \| 2 baths \| 2,620 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.94% Airbnb Rental Income: $null Traditional Rental Income: $3722 Airbnb ROI: N/A Traditional ROI: 2.94%
125 RIVER GLEN Ter Kalama, WA Kalama riverfront acreage! A rare offering along the Kalama River, this Northwest-inspired...	4 beds \| 3 baths \| 2,112 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.18% Airbnb Rental Income: $null Traditional Rental Income: $3018 Airbnb ROI: N/A Traditional ROI: 2.18%
813 Varsity Rd Kalama, WA 813 Varsity Rd, Kalama, WA 98625 \| Single Family Residential	4 beds \| 4 baths \| 5,444 sq.ft.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.62% Airbnb Rental Income: $null Traditional Rental Income: $4646 Airbnb ROI: N/A Traditional ROI: 1.62%
1045 Taylor Rd Kalama, WA 1045 Taylor Rd, Kalama, WA 98625 \| Single Family Residential	3 beds \| 3 baths \| 3,372 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.4% Airbnb Rental Income: $null Traditional Rental Income: $2947 Airbnb ROI: N/A Traditional ROI: 2.4%
0 Shirley Gordon Rd Kalama, WA 0 Shirley Gordon Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.02%
0 Shirley Gordon Rd #B Kalama, WA 0 Shirley Gordon Rd #B, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.02%
656 Varsity Rd Kalama, WA 656 Varsity Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.5% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.5%
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: N/A Traditional cash on cash: 1.86% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.86%
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: N/A Traditional cash on cash: 0.96% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 1.86% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: 1.86%
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: N/A Traditional cash on cash: -1.22% Airbnb Rental Income: $null Traditional Rental Income: $731 Airbnb ROI: N/A Traditional ROI: -1.22%
357 S 9th St Kalama, WA 357 S 9th St, Kalama, WA 98625 \| Manufactured Home	3 beds \| 2 baths \| 1,304 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.69% Airbnb Rental Income: $null Traditional Rental Income: $1896 Airbnb ROI: N/A Traditional ROI: 0.69%
341 S 9th St Kalama, WA 341 S 9th St, Kalama, WA 98625 \| Manufactured Home	3 beds \| 2 baths \| 1,512 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.12% Airbnb Rental Income: $null Traditional Rental Income: $2186 Airbnb ROI: N/A Traditional ROI: 1.12%
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.	$560,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.98% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 2.98%
0 Olivia Ln Lot X Kalama, WA 0 Olivia Ln Lot X, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$274,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.54% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 0.54%
China Garden Rd #A Kalama, WA China Garden Rd #A, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.82% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 1.82%
China Garden Rd #D Kalama, WA China Garden Rd #D, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.27% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 2.27%
China Garden Rd #B Kalama, WA China Garden Rd #B, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.82% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 1.82%
0 China Garden Rd Kalama, WA 0 China Garden Rd, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$167,777	Airbnb cash on cash: N/A Traditional cash on cash: 2.08% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 2.08%
1173 Birch St Kalama, WA 1173 Birch St, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.98% Airbnb Rental Income: $null Traditional Rental Income: $804 Airbnb ROI: N/A Traditional ROI: 2.98%
120 Victoria Cir Kalama, WA 120 Victoria Cir, Kalama, WA 98625 \| Single Family Residential	4 beds \| 3 baths \| 2,700 sq.ft.	$860,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.55% Airbnb Rental Income: $null Traditional Rental Income: $3713 Airbnb ROI: N/A Traditional ROI: 2.55%
837 Birch St Kalama, WA 837 Birch St, Kalama, WA 98625 \| Single Family Residential	4 beds \| 2 baths \| 2,014 sq.ft.	$514,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.1% Airbnb Rental Income: $null Traditional Rental Income: $3019 Airbnb ROI: N/A Traditional ROI: 4.1%
0 Liam Dr #F Kalama, WA 0 Liam Dr #F, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.01% Airbnb Rental Income: $null Traditional Rental Income: $830 Airbnb ROI: N/A Traditional ROI: 2.01%
0 Spencer Creek Rd Lot 2 Kalama, WA 0 Spencer Creek Rd Lot 2, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.58% Airbnb Rental Income: $null Traditional Rental Income: $830 Airbnb ROI: N/A Traditional ROI: 2.58%
0 Spencer Creek Rd Lot 6 Kalama, WA 0 Spencer Creek Rd Lot 6, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.92% Airbnb Rental Income: $null Traditional Rental Income: $830 Airbnb ROI: N/A Traditional ROI: 1.92%
0 Spencer Creek Rd Lot 1 Kalama, WA 0 Spencer Creek Rd Lot 1, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.49% Airbnb Rental Income: $null Traditional Rental Income: $830 Airbnb ROI: N/A Traditional ROI: 1.49%
0 Spencer Creek Rd Lot 7 Kalama, WA 0 Spencer Creek Rd Lot 7, Kalama, WA 98625 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.92% Airbnb Rental Income: $null Traditional Rental Income: $830 Airbnb ROI: N/A Traditional ROI: 1.92%
125 ROYAL COACHMAN Ln Kalama, WA Exceptional Kalama River estate on 2.76 private acres with approximately 620 feet of river...	3 beds \| 3 baths \| 4,051 sq.ft.	$1,699,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.5% Airbnb Rental Income: $null Traditional Rental Income: $3611 Airbnb ROI: N/A Traditional ROI: 0.5%
160 Windy Riv Kalama, WA 160 Windy Riv, Kalama, WA 98625 \| Single Family Residential	3 beds \| 2 baths \| 2,620 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.13% Airbnb Rental Income: $null Traditional Rental Income: $3222 Airbnb ROI: N/A Traditional ROI: 2.13%
620 Waters Watch Rd Kalama, WA 620 Waters Watch Rd, Kalama, WA 98625 \| Single Family Residential	4 beds \| 2 baths \| 2,912 sq.ft.	$799,950	Airbnb cash on cash: N/A Traditional cash on cash: 2.12% Airbnb Rental Income: $null Traditional Rental Income: $3141 Airbnb ROI: N/A Traditional ROI: 2.12%
108 Powder Hill Dr Kalama, WA 108 Powder Hill Dr, Kalama, WA 98625 \| Single Family Residential	4 beds \| 2 baths \| 2,318 sq.ft.	$680,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.45% Airbnb Rental Income: $null Traditional Rental Income: $2898 Airbnb ROI: N/A Traditional ROI: 2.45%
319 N 3rd St Kalama, WA 319 N 3rd St, Kalama, WA 98625 \| Single Family Residential	1 beds \| 1 baths \| 1,056 sq.ft.	$325,000	Airbnb cash on cash: -1.69% Traditional cash on cash: 3.62% Airbnb Rental Income: $441 Traditional Rental Income: $1802 Airbnb ROI: -1.69% Traditional ROI: 3.62%

Real Estate investment in Kalama, WA

There are 115 properties for sale in the city of Kalama . The median list price in Kalama is $449,631 and the average price per square foot is $187. In July 2026, the average monthly cash on cash return in Kalama is 1.00%. The average monthly rental income in Kalama is $831.

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

There are 115 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 $2,030.

Your search for investment property begins and ends here

Investment Property for Sale in Kalama, WA

320 China Garden Rd

Kalama, WA

4 beds | 3 baths | 3,488 sq.ft.

$594,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.9%

Airbnb Rental Income: $null

Traditional Rental Income: $4298

Airbnb ROI: N/A

Traditional ROI: 5.9%

175 ELI AVERY Ave

Kalama, WA

4 beds | 4 baths | 3,593 sq.ft.

$899,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.36%

Airbnb Rental Income: $null

Traditional Rental Income: $5031

Airbnb ROI: N/A

Traditional ROI: 4.36%

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%

375 S 10th St

Kalama, WA

3 beds | 2 baths | 1,421 sq.ft.

$384,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.64%

Airbnb Rental Income: $null

Traditional Rental Income: $2677

Airbnb ROI: N/A

Traditional ROI: 5.64%

442 VARSITY Rd

Kalama, WA

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

$1,289,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.57%

Airbnb Rental Income: $null

Traditional Rental Income: $4122

Airbnb ROI: N/A

Traditional ROI: 1.57%

601 Stone View Way

Kalama, WA

3 beds | 3 baths | 1,740 sq.ft.

$509,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.61%

Airbnb Rental Income: $null

Traditional Rental Income: $3088

Airbnb ROI: N/A

Traditional ROI: 4.61%

11 Ashland St

Kalama, WA

2 beds | 1 baths | 918 sq.ft.

$329,500

Airbnb cash on cash: 2.92%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $2030

Traditional Rental Income: $2240

Airbnb ROI: 2.92%

Traditional ROI: 5.31%

202 ROCKY MEADOW Dr

Kalama, WA

3 beds | 2 baths | 1,746 sq.ft.

$489,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.12%

Airbnb Rental Income: $null

Traditional Rental Income: $2818

Airbnb ROI: N/A