Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
6 Beds
4 Baths
2,508 sqft

$327,900

450 Murray Avenue, Pine River MN, 56474

Price per sqft$130.74
Built in1972
Property size2,508 sqft
Property typeMulti-family
Courtesy of eXp Realty, Radames Cruz Listing Contact:

Overview

Active

Listed Aug 21, 2026

Updated 12 days ago

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 investment portfolio or step into your first income-producing property, this one deserves a closer look. Rental figures are seller-provided.

$2,182/mo

Est. mortgage payment based on a $327,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7130852

Interior Features

Bedrooms
6
Bathrooms
4
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1.4 Acres

Other Property Details

Taxes
$4,214
Tax Frequency
Annually
Garage
Yes
MLS provider logo

Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Wahlberg & Toohey Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 3:21 AM UTC on 9/28/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026 Northstar MLS . All rights reserved.

DMCA Notice

Powered by Luxury Presence