450 Murray Avenue, Pine River, MN
$334,900
6
Beds
4
Baths
2,508
Square feet
1.40
Acres
About 450 Murray Avenue
**INVESTOR OPPORTUNITY – INCOME-PRODUCING FOURPLEX IN PINE RIVER! ** This 4-unit property has 3 occupied units generating $3,250/month in current gross rental income, or $39,000 annualized, based on seller-provided rents. Current rents: Unit 1 – $1,700/month; Unit 3 – $700/month; Unit 4 – $850/month. Unit 2 is currently vacant and not included in the income figures. Offered at $334,900, the property provides immediate rental income, an established tenant base, and additional upside. Features include 6 bedrooms, 4 bathrooms, approx. 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. Conveniently located near downtown Pine River, Pine River-Backus Schools, the Paul Bunyan State Trail, and nearby Norway Lake with public recreational access. Rental figures are seller-provided; buyers and agents to verify rents, leases, expenses, licensing, unit configuration, and measurements.
Features of 450 Murray Avenue
| MLS® # | 7130852 |
|---|---|
| Price | $334,900 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Square Footage | 2,508 |
| Finished SQFT | 2,508 |
| Acres | 1.40 |
| Year Built | 1972 |
| Type | Single Family |
| Sub-Type | Fourplex |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 450 Murray Avenue |
|---|---|
| City | Pine River |
| County | Cass |
| State | MN |
| Zip Code | 56474 |
Amenities
| Parking | Attached Garage, Asphalt |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Baseboard, Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Block, Egress Window(s), Finished |
Exterior
| Exterior Features | Cement Board |
|---|---|
| Lot Description | Irregular Lot, Tree Coverage - Light |
| Roof | Asphalt |
| Construction | Block, Frame |
School Information
| District | Pine River-Backus |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $4,214 |
| Tax Year | 2025 |
| Office | eXp Realty |
Listing Details
| Office | eXp Realty |
|---|