$2,500,000
- 52 Sq Ft
346 Bayou Blue Bypass Rd, Gray, LA 70359
Shirin Nail/ Cynthia Pellegrin Good Earth Realty, Inc.
2
Gray, LA Multifamily Homes & Duplexes for Sale
-
346 Bayou Blue Bypass Rd, Gray, LA 70359
-
$385,000
- 3,227 Sq Ft
106, ABC & D Country Estates Dr, Houma, LA 70364
106, ABC & D Country Estates Dr, Houma, LA 70364Paula Pontiff KELLER WILLIAMS REALTY BAYOU P
Why Live in Gray
Gray, LA, is a commuter community situated 9 miles from Downtown Houma and 7 miles from Thibodaux, offering a small-town feel while being conveniently close to shopping and dining options. The housing market in Gray features a mix of investment properties and newer constructions, with brick ranch-style homes and modest newer builds. Newer homes with yards and garages are more common on the southern edge of Gray, closer to Houma. The area is at risk for hurricanes and tropical storms, though it is somewhat shielded compared to towns directly on the Gulf. Local dining highlights include Boudreau & Thibodeau's Cajun Cookin', known for its authentic gumbo and alligator, and Golden Wingz, popular for its chicken wings and lemonade. For groceries, Rouses Market is conveniently located along Main Street. The Southland Mall in nearby Houma offers a variety of retail stores and dining options. Gray's schools are highly rated, with Oakshire Elementary School and H.L. Bourgeois High School receiving high marks. Oakshire Park provides a vibrant playground, picnic tables, and ample green space for sports and games. Golf enthusiasts can enjoy the Ellendale Country Club, which features an 18-hole course and various amenities. Main Street and Park Avenue are the primary roadways, connecting residents to Houma and Thibodaux, while Highway 90 provides direct access to New Orleans, about 60 miles away. The nearest hospital, Thibodaux Regional Multi-Specialty Clinic, is located 9 miles south in Houma.
Home Trends in Gray, LA
On average, homes in Gray, LA sell after 75 days on the market compared to the national average of 54 days. The median sale price for homes in Gray, LA over the last 12 months is $225,000, up 91% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$225,000
Median Single Family Sale Price
$229,000
Average Price Per Sq Ft
$148
Number of Homes for Sale
35
Last 12 months Home Sales
47
Months of Supply
8.90
Median List Price
$238,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
91%
In Gray, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $385,000 to $2,500,000, there's a range to accomodate every budget. As of February, 2026 the median home price in Gray is $238,000, while the average sale price is $241,082, offering insights into the local housing market. On average, multi-family homes spend 75 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Gray, LA.
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