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
248 Piper Glen Gray, TN Gorgeous 3-Bedroom Home with Open Floor Plan & Upscale Finishes! Step into this spacious a...	3 beds \| 3 baths \| 1,874 sq.ft.	$385,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.06% Airbnb Rental Income: $2008 Traditional Rental Income: $2309 Airbnb ROI: 1.78% Traditional ROI: 4.06%
292 Piper Glen Gray, TN Move-in ready patio home in the heart of Gray with over 2,100 finished square feet, 3 bedr...	3 beds \| 3 baths \| 3,178 sq.ft.	$412,500	Airbnb cash on cash: 1.55% Traditional cash on cash: 4.22% Airbnb Rental Income: $2008 Traditional Rental Income: $2517 Airbnb ROI: 1.55% Traditional ROI: 4.22%
152 Village Lane Gray, TN PRICE REDUCTION! I want my gift to be the first gift you open for Christmas! Right on ti...	3 beds \| 3 baths \| 2,664 sq.ft.	$388,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 5.27% Airbnb Rental Income: $2008 Traditional Rental Income: $2632 Airbnb ROI: 2.12% Traditional ROI: 5.27%
531 Old Gray Station Road Gray, TN Country charm with modern comforts! Nestled on a spacious, serene lot in a picturesque cou...	4 beds \| 3 baths \| 2,186 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.61% Airbnb Rental Income: $null Traditional Rental Income: $2424 Airbnb ROI: N/A Traditional ROI: 6.61%
10 Boone Hill Court #10 Gray, TN MOTIVATED SELLERS One level condo in Gray/Boone's Creek, close to dining & shopping, betw...	1 beds \| 1 baths \| 696 sq.ft.	$144,900	Airbnb cash on cash: 5.34% Traditional cash on cash: 5.29% Airbnb Rental Income: $1673 Traditional Rental Income: $1198 Airbnb ROI: 5.34% Traditional ROI: 5.29%
234 Springview Drive Gray, TN This charming 3-bedroom, 2.5-bathroom traditional two-story home is perched at the top of ...	3 beds \| 3 baths \| 1,840 sq.ft.	$374,900	Airbnb cash on cash: 2.25% Traditional cash on cash: 3.8% Airbnb Rental Income: $2008 Traditional Rental Income: $2030 Airbnb ROI: 2.25% Traditional ROI: 3.8%
755 Hales Chapel Road Gray, TN Welcome to your future home located in the sought after Shadden Springs neighborhood! Sell...	4 beds \| 4 baths \| 3,182 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $3120 Airbnb ROI: N/A Traditional ROI: 3.67%
144 Whitson Road Gray, TN Charming 3-Bedroom Split Foyer Home in Gray, TN Discover this spacious 3-bedroom, 2...	3 beds \| 3 baths \| 2,688 sq.ft.	$325,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 6.09% Airbnb Rental Income: $2008 Traditional Rental Income: $2476 Airbnb ROI: 2.85% Traditional ROI: 6.09%
136 Valleyview Street Gray, TN Spacious ranch on a corner lot! This roomy brick ranch provides plenty of space inside and...	3 beds \| 3 baths \| 2,400 sq.ft.	$299,900	Airbnb cash on cash: 3.22% Traditional cash on cash: 6.92% Airbnb Rental Income: $2008 Traditional Rental Income: $2529 Airbnb ROI: 3.22% Traditional ROI: 6.92%
127 Cross Creek Court Gray, TN MOTIVATED SELLERS - Come explore this unique home set on 2 acres with spectacular views, o...	3 beds \| 5 baths \| 7,043 sq.ft.	$1,025,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.27% Airbnb Rental Income: $2008 Traditional Rental Income: $3883 Airbnb ROI: -0.25% Traditional ROI: 2.27%
675 Liberty Church Road Gray, TN Back on the market, due to home sale contingency! SELLER IS MOTIVATED! Welcome to your dre...	4 beds \| 3 baths \| 2,534 sq.ft.	$382,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.18% Airbnb Rental Income: $null Traditional Rental Income: $2562 Airbnb ROI: N/A Traditional ROI: 5.18%
305 Walkers Bend Road Gray, TN A MUST SEE! This beautiful, 3 bedroom, 2.5 bathroom move-in ready home has updates through...	3 beds \| 3 baths \| 2,733 sq.ft.	$474,800	Airbnb cash on cash: 1.43% Traditional cash on cash: 2.98% Airbnb Rental Income: $2008 Traditional Rental Income: $2175 Airbnb ROI: 1.43% Traditional ROI: 2.98%
616 Oak Grove Road Gray, TN This Fantastic Lake House has been the Ultimate Family Home for many years and is the Perf...	3 beds \| 3 baths \| 2,429 sq.ft.	$474,900	Airbnb cash on cash: 1.43% Traditional cash on cash: 3.82% Airbnb Rental Income: $2008 Traditional Rental Income: $2547 Airbnb ROI: 1.43% Traditional ROI: 3.82%
146 Jays Drive Gray, TN MOTIVATED SELLER!!! Seller has recently reduced the price to accommodate any updates Buyer...	3 beds \| 3 baths \| 2,796 sq.ft.	$567,900	Airbnb cash on cash: 0.92% Traditional cash on cash: 3.09% Airbnb Rental Income: $2008 Traditional Rental Income: $2635 Airbnb ROI: 0.92% Traditional ROI: 3.09%
191 Quiet Stroll Lane Gray, TN Beautiful home located within the sought after neighborhood of Daniels Ridge,GrayTN.Conven...	4 beds \| 3 baths \| 3,788 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.38% Airbnb Rental Income: $null Traditional Rental Income: $2543 Airbnb ROI: N/A Traditional ROI: 3.38%
87 Mill Race Court Gray, TN Gorgeous home located in The Villas at Old Mill. This condo offers the perfect blend of co...	2 beds \| 2 baths \| 3,738 sq.ft.	$415,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 2.17% Airbnb Rental Income: $1359 Traditional Rental Income: $1766 Airbnb ROI: 0.05% Traditional ROI: 2.17%
117 Lakeside Drive Gray, TN LAKEFRONT PROPERTY / PRIVATE which includes lake access. Welcome to your dream home with ...	3 beds \| 3 baths \| 5,100 sq.ft.	$895,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 1.25% Airbnb Rental Income: $2008 Traditional Rental Income: $2559 Airbnb ROI: -0.04% Traditional ROI: 1.25%
22 Hiddenbrooke Lane #22 Gray, TN Lovely 2 BR 2 Full Baths home centrally located between Kingsport and Johnson City. Hardw...	2 beds \| 2 baths \| 1,276 sq.ft.	$245,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 4.15% Airbnb Rental Income: $1359 Traditional Rental Income: $1683 Airbnb ROI: 0.96% Traditional ROI: 4.15%
192 Molton Circle Gray, TN BUY THIS HOME AND GET $22,000+ in savings GUARANTEED! Buy this awesome home with $0 Down a...	4 beds \| 3 baths \| 2,748 sq.ft.	$445,900	Airbnb cash on cash: N/A Traditional cash on cash: 5% Airbnb Rental Income: $null Traditional Rental Income: $2683 Airbnb ROI: N/A Traditional ROI: 5%
327 Piper Glen Gray, TN New construction in Stonegate! Located minutes to I-26, convenient to Johnson City, Kingsp...	3 beds \| 3 baths \| 2,035 sq.ft.	$299,900	Airbnb cash on cash: 2.75% Traditional cash on cash: 5.74% Airbnb Rental Income: $2008 Traditional Rental Income: $2328 Airbnb ROI: 2.75% Traditional ROI: 5.74%
299 Hillendale Lane Gray, TN STUNNING!! 4 bedroom/3 bath open floor plan home with 2,700+ finished sq ft and a full un...	4 beds \| 3 baths \| 4,081 sq.ft.	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.39% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 2.39%
134 Valley Point Gray, TN One of a Kind Brick Home in a well established neighborhood . This One level home w/fully ...	4 beds \| 3 baths \| 1,990 sq.ft.	$299,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.64% Airbnb Rental Income: $null Traditional Rental Income: $2446 Airbnb ROI: N/A Traditional ROI: 6.64%
418 Shadden Road Gray, TN Excellent layout in this brick, ranch style home on nearly an acre, in Gray. A welcoming ...	3 beds \| 4 baths \| 5,476 sq.ft.	$589,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 3.52% Airbnb Rental Income: $2008 Traditional Rental Income: $2970 Airbnb ROI: 0.82% Traditional ROI: 3.52%
285 Piper Glen Gray, TN Discover comfortable living in this charming 2 bedroom, 2 bath condo. Perfect for those lo...	2 beds \| 2 baths \| 2,099 sq.ft.	$405,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.82% Airbnb Rental Income: $1359 Traditional Rental Income: $2324 Airbnb ROI: 0.18% Traditional ROI: 3.82%
291 Piper Glen Gray, TN Discover comfortable living in this charming 2 bedroom, 2 bath condo. Perfect for those lo...	2 beds \| 2 baths \| 2,099 sq.ft.	$405,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.82% Airbnb Rental Income: $1359 Traditional Rental Income: $2324 Airbnb ROI: 0.18% Traditional ROI: 3.82%
297 Piper Glen Gray, TN Discover comfortable living in this charming 2 bedroom, 2 bath condo. Perfect for those lo...	2 beds \| 2 baths \| 2,099 sq.ft.	$405,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.82% Airbnb Rental Income: $1359 Traditional Rental Income: $2324 Airbnb ROI: 0.18% Traditional ROI: 3.82%
303 Piper Glen Gray, TN Discover comfortable living in this charming 2 bedroom, 2 bath condo. Perfect for those lo...	2 beds \| 2 baths \| 2,099 sq.ft.	$405,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.82% Airbnb Rental Income: $1359 Traditional Rental Income: $2324 Airbnb ROI: 0.18% Traditional ROI: 3.82%
309 Piper Glen Gray, TN Discover comfortable living in this charming 2 bedroom, 2 bath condo. Perfect for those lo...	2 beds \| 2 baths \| 2,099 sq.ft.	$405,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.82% Airbnb Rental Income: $1359 Traditional Rental Income: $2324 Airbnb ROI: 0.18% Traditional ROI: 3.82%
298 Frog Level Road Gray, TN This beautifully maintained home offers an inviting blend of comfort and practicality, wit...	3 beds \| 2 baths \| 4,215 sq.ft.	$349,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 4.28% Airbnb Rental Income: $2008 Traditional Rental Income: $1926 Airbnb ROI: 2.93% Traditional ROI: 4.28%
152 Judson Drive Gray, TN One level living! Welcome home to this all brick, one level home on a level half acre lot!...	3 beds \| 2 baths \| 1,540 sq.ft.	$279,800	Airbnb cash on cash: 3.57% Traditional cash on cash: 5.09% Airbnb Rental Income: $2008 Traditional Rental Income: $1886 Airbnb ROI: 3.57% Traditional ROI: 5.09%
1446 Brumit Fields Gray, TN Motivated seller!! Move in ready home in Chestnut Cove. This home was just built in Octob...	3 beds \| 2 baths \| 5,282 sq.ft.	$625,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 1.56% Airbnb Rental Income: $2008 Traditional Rental Income: $1804 Airbnb ROI: 1.02% Traditional ROI: 1.56%
34 Grist Mill Court Gray, TN Cozy turn key one bedroom one bathroom condo in the subdivision Villas at the Old Mill loc...	1 beds \| 1 baths \| 862 sq.ft.	$219,900	Airbnb cash on cash: 3.63% Traditional cash on cash: 5.12% Airbnb Rental Income: $1673 Traditional Rental Income: $1515 Airbnb ROI: 3.63% Traditional ROI: 5.12%
328 Shannon View Road Gray, TN Welcome Home! Take a look at this 1 level, 3 bed, 2 full bath. Yes, 1 LEVEL! The open c...	3 beds \| 2 baths \| 1,328 sq.ft.	$269,900	Airbnb cash on cash: 4.21% Traditional cash on cash: 5.08% Airbnb Rental Income: $2008 Traditional Rental Income: $1705 Airbnb ROI: 4.21% Traditional ROI: 5.08%
151 Browns Road Gray, TN All offers due by Tuesday at 2pm. Meeting with seller at 5pm. Charming Brick Duplex i...	4 beds \| 2 baths \| 2,940 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.8% Airbnb Rental Income: $null Traditional Rental Income: $2414 Airbnb ROI: N/A Traditional ROI: 7.8%
123 Gray Station Road Gray, TN This beautiful custom log cabin home, nestled on over 1.53 acres in Gray, TN, offers a ser...	3 beds \| 4 baths \| 3,620 sq.ft.	$515,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 4.59% Airbnb Rental Income: $2008 Traditional Rental Income: $2896 Airbnb ROI: 1.65% Traditional ROI: 4.59%
342 Ford Creek Road Gray, TN Spacious and bright raised ranch features vaulted ceiling, hard woods, carpet, and ceramic...	3 beds \| 3 baths \| 1,716 sq.ft.	$349,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 4.34% Airbnb Rental Income: $2008 Traditional Rental Income: $1931 Airbnb ROI: 2.98% Traditional ROI: 4.34%
503 Hallbrook Drive #503 Gray, TN Awesome 2BD/2BA condo located in the Hallbrook Community in the heart of Gray! Beautiful B...	2 beds \| 2 baths \| 1,901 sq.ft.	$214,999	Airbnb cash on cash: 2.13% Traditional cash on cash: 8.44% Airbnb Rental Income: $1359 Traditional Rental Income: $2229 Airbnb ROI: 2.13% Traditional ROI: 8.44%
1077 Gray Station Road Gray, TN Cape Cod-style home, with over 2,000 square feet of living space on nearly an acre of land...	3 beds \| 2 baths \| 2,096 sq.ft.	$324,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 5.94% Airbnb Rental Income: $2008 Traditional Rental Income: $2296 Airbnb ROI: 3.27% Traditional ROI: 5.94%
377 Boonesboro Road Gray, TN Welcome home to this custom built one owner home in The Meadows @ Sunset Ridge, over 2900...	3 beds \| 2 baths \| 5,285 sq.ft.	$699,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 1.41% Airbnb Rental Income: $2008 Traditional Rental Income: $1861 Airbnb ROI: 0.83% Traditional ROI: 1.41%
51 Atlas Way Gray, TN Whether you're downsizing, looking to buy your first home, or interested in an investment,...	3 beds \| 3 baths \| 1,544 sq.ft.	$319,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 4.4% Airbnb Rental Income: $2008 Traditional Rental Income: $2025 Airbnb ROI: 2.6% Traditional ROI: 4.4%

Real Estate investment in Gray, TN

There are 47 properties for sale in the city of Gray . The median list price in Gray is $405,000 and the average price per square foot is $150. In December 2024, the average monthly cash on cash return in Gray is 4.00%. The average monthly rental income in Gray is $2,324.

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

There are 47 investment properties available for sale in Gray.

In 2024, the best neighborhood to buy investment property is Gray.

The ROI for Long-Term is higher than the Short-Term in Gray with average rental income of $2,324.

Your search for investment property begins and ends here

Investment Property for Sale in Gray, TN

248 Piper Glen

Gray, TN

3 beds | 3 baths | 1,874 sq.ft.

$385,000

Airbnb cash on cash: 1.78%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $2008

Traditional Rental Income: $2309

Airbnb ROI: 1.78%

Traditional ROI: 4.06%

292 Piper Glen

Gray, TN

3 beds | 3 baths | 3,178 sq.ft.

$412,500

Airbnb cash on cash: 1.55%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $2008

Traditional Rental Income: $2517

Airbnb ROI: 1.55%

Traditional ROI: 4.22%

152 Village Lane

Gray, TN

3 beds | 3 baths | 2,664 sq.ft.

$388,000

Airbnb cash on cash: 2.12%

Traditional cash on cash: 5.27%

Airbnb Rental Income: $2008

Traditional Rental Income: $2632

Airbnb ROI: 2.12%

Traditional ROI: 5.27%

531 Old Gray Station Road

Gray, TN

4 beds | 3 baths | 2,186 sq.ft.

$324,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.61%

Airbnb Rental Income: $null

Traditional Rental Income: $2424

Airbnb ROI: N/A

Traditional ROI: 6.61%

10 Boone Hill Court #10

Gray, TN

1 beds | 1 baths | 696 sq.ft.

$144,900

Airbnb cash on cash: 5.34%

Traditional cash on cash: 5.29%

Airbnb Rental Income: $1673

Traditional Rental Income: $1198

Airbnb ROI: 5.34%

Traditional ROI: 5.29%

234 Springview Drive

Gray, TN

3 beds | 3 baths | 1,840 sq.ft.

$374,900

Airbnb cash on cash: 2.25%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $2008

Traditional Rental Income: $2030

Airbnb ROI: 2.25%

Traditional ROI: 3.8%

755 Hales Chapel Road

Gray, TN

4 beds | 4 baths | 3,182 sq.ft.

$599,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.67%

Airbnb Rental Income: $null

Traditional Rental Income: $3120

Airbnb ROI: N/A

Traditional ROI: 3.67%

144 Whitson Road

Gray, TN

3 beds | 3 baths | 2,688 sq.ft.

$325,000

Airbnb cash on cash: 2.85%

Traditional cash on cash: 6.09%

Airbnb Rental Income: $2008

Traditional Rental Income: $2476

Airbnb ROI: 2.85%