450 Murray Avenue, Pine River, MN

$334,900

Previous Next

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
Acres 1.40
Year Built 1972
Type Residential Income
Sub-Type Fourplex
Status Active

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

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

Days on Market 19
Zoning Residential-Multi-Family
Foreclosure No
Short Sale No
Taxes $4,214
Tax Year 2025

Listing Details

OfficeeXp Realty

Listing Map

Schedule a Tour

Provide a valid email address.
When would you like to view this property?