450 Murray Avenue, Pine River, MN 56474

Pine River
Local realty services provided by:ERA Viking Realty
450 Murray Avenue,Pine River, MN 56474
$327,900
Virtual Tour
  • 6 Beds
  • 4 Baths
  • 2,508 sq. ft.
  • Multi-family
  • Active
Listed by: radames cruz, noah goedker
Office: exp realty
MLS#:7130852
Source:NSMLS

Price summary

  • Price:$327,900
  • Price per sq. ft.:$130.74

About this home

INVESTMENT OPPORTUNITY WITH CURRENT RENTAL INCOME + ADDITIONAL POTENTIAL! Take a fresh look at 450 Murray Avenue in Pine River. Three occupied units currently generate seller-reported gross rents of $3,250/month ($39,000 annualized), while Unit 2 is vacant and not included in those income figures, offering additional potential for the next owner. Current rents are Unit 1: $1,700/month, leased through August 2027; Unit 3: $700/month, month-to-month; and Unit 4: $850/month, month-to-month. The property also has an updated rental license and offers an established tenant base from day one. Features include 6 bedrooms, 4 bathrooms, approximately 2,508 finished sq. ft., a spacious in-town lot, 2-stall garage, new deck, new kitchen flooring, remote-controlled ceiling fans, and more than $15,000 in recent updates. Convenient Pine River location near downtown, Pine River-Backus Schools, the Paul Bunyan State Trail, and Norway Lake recreational access. Whether you're looking to expand an...

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Home facts

  • Year built:1972
  • Listing ID #:7130852
  • Added:51 day(s) ago
  • Updated:October 11, 2026 at 12:06 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Block, Egress Window(s), Finished
  • Living area:2,508 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1972
  • Building area:2,508 sq. ft.
  • Lot area:1.4 Acres
  • Lot Features:Irregular Lot, Level, Tree Coverage - Light
  • Construction Materials:Block
  • Levels:Modified 2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$327,900
  • Price per sq. ft.:$130.74
  • Tax amount:$4,214 (2025)

Parking

  • Parking description:Asphalt, Attached Garage
  • Garage:Yes
  • Garage spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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