450 Murray AVE, Pine River, MN 56474
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450 Murray AVE, Pine River, MN 56474,Video Tour
450 Murray AVE, Pine River, MN 56474
450 Murray AVE, Pine River, MN 56474
450 Murray AVE, Pine River, MN 56474
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Jason Lange

Jason Lange

+1(612) 247-7593
$ 327,900
Est. payment /mo
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Active

450 Murray AVE Pine River, MN 56474

6 Beds

4 Baths

2,508 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,508 sqft

Price per Sqft $130

MLS Listing ID 7130852

Bedrooms 6

Year Built 1972

Annual Tax Amount $4,214

Tax Year 2025

Contingent None

Lot Size 1.400 Acres

Lot Dimensions irrx326x200x270

Property Sub-Type Fourplex

Property 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.

Location

State MN

County Cass

Zoning Residential-Multi-Family

Rooms

Basement Block, Egress Window(s), Finished

Interior

Heating Baseboard, Forced Air

Fireplace No

Laundry Main Level

Exterior

Parking Features Attached Garage, Asphalt

Garage Spaces 2.0

Fence None

Pool None

Roof Type Asphalt

Building

Lot Description Irregular Lot, Tree Coverage - Light

Story Modified Two Story

Foundation 1

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Modified Two Story

Structure Type Block,Frame

New Construction false

Schools

School District Pine River-Backus

Others

Virtual Tour https://www.zillow.com/view-imx/e29fdb06-1732-4ea8-9f2b-da406ed60a1e?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Listed by Radames Cruz • eXp Realty

NEARBY SCHOOL & BUSINESS

Jason Lange

Jason Lange

Agent License ID: 20457477

+1(612) 247-7593

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