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Listed price in listed location currency (USD).
$327,900

642

MLS® 7130852

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 2508 sqft
Garage Yes
Taxes $4,214
Days Active 63
Lot Size 1.4 Acres
Approx. Age 1972
Avg. Price Per Sqft $130
MLS® Number 7130852

Property Address: 450 Murray Ave, Pine River, MN, 56474-4517

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number7130852
Laundry LevelMain
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1972
BasementBlock, Egress Window(s), Finished
DrivewayAttached Garage, Asphalt
Garage Spaces
HeatBaseboard, Forced Air
A/C

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

156 days

Today, For Sale for $327,900

For Sale · 63 days

$327,900

MLS® 7130852

2 months ago

Not Sold Yet

August 2026, For Sale for $327,900

For Sale · 63 days

$327,900

MLS® 7130852

2 months ago

Not Sold Yet

May 2026, For Sale for $329,900

For Sale · 156 days

$329,900

MLS® 7077039

5 months ago

Not Sold Yet

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