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450 Murray Avenue

Pine River, MN 56474

– beds
– baths
2,508 sqft
1 sqft lot
$139 per sqft
1972 build
– on site

Instant cash producer. Multiple options for this fantastic property. For both investors seeking high cash flow or a multigenerational family wanting to live close but with independent space for each member. Think of the convenience of an estate that pays for itself. Doing as the current owner does, living comfortably in the four-bedroom, two-bathroom home while tenants pay the mortgage. Or renting out the whole four units to maximize profits. Seller currently uses two of the four units personally. High rental demand in the area ensures consistent occupancy. Great location close to the school, restaurants, and more. Schedule your showing today!

Listing courtesy of NORTHSTAR / Chad Schwendeman / eXp Realty

Last checked: Checking… • Last updated Apr 15, 2025 •

MLS# 6697392 —

The Building

Year Built:

1972
New Construction:

false
Age Of Property:

53
Construction Materials:

Fiber Cement
Construction Materials Desc:

Block,Frame
Roof:

Asphalt
Accessibility Features:

None
Levels:

Two
Basement:

Finished
Basement:

true
Foundation Area:

924
Building Area Total:

2508
Above Grade Finished Area:

1584
Below Grade Finished Area:

924

Room Dimensions

Living Area:

2508

Location

Directions:

From 371N continue on to a right on Main St. to a right on Murray Ave, property is on the right.
Latitude:

46.7257297065
Longitude:

-94.404938207

The Property

Parcel Number:

942313204
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Quadruplex
Additional Parcels:

false
Lot Features:

Irregular Lot
Lot Size Area:

1.4
Lot Size Dimensions:

irrx326x200x270
Lot Size Units:

Acres
Road Frontage Type:

City Street
Road Responsibility:

Public Maintained Road
Fencing:

None
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

4214
Tax With Assessments:

4280.0000

Heating & Cooling

Heating:

Baseboard, Forced Air

Utilities

Electric:

100 Amp Service
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Three

Schools

High School District:

Pine River-Backus

The Community

Assessment Pending:

No

Parking

Parking Features:

Attached Garage, Asphalt
Garage Spaces:

2
Garage Dimensions:

24x22
Garage SqFt:

528

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
4/14/25 Apr 14, 2025	Listed / Active	NORTHSTAR	$349,900
4/4/25 Apr 4, 2025	Coming Soon	NORTHSTAR	$349,900	25.0% (6.9% / YR)
8/23/21 Aug 23, 2021		NORTHSTAR	$280,000	-6.6%

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This multifamily located in Pine River, MN 56474 is currently for sale for $349,900. 450 Murray Avenue is a 2,508 square foot multifamily with – beds and – baths that has been on Estately for 11 days. This multifamily is in the attendance area of Pine River-Backus High School, Pine River-Backus Elementary School, and Pine River-Backus Area Learning Center.

Listing Courtesy of: NORTHSTAR and eXp Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. 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.