Affinity Real Estate in Park Rapids MN
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/
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MLS 7130852
Residential 6 bedrooms 4.00 baths

$327,900

450 Murray Avenue
Pine River MN 56474

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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.

Additional Details

Year Built: 1972
Living Area: 2508 sf
Bedrooms: 6
Bathrooms: 4
Acres: 1.4 Acres
Lot Dimensions: irrx326x200x270
Garage Spaces: 2
School District: 2174
County: Cass
Taxes: $4,214
Taxes with Assessments: $4,280
Tax Year: 2025

Additional Features

Basement: Block, Egress Window(s), Finished
Fuel: Electric, Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected
Roof: Asphalt
Electric: 100 Amp Service

Listing Status

Active
2026-10-21 14:36:15 Date Listed
2026-10-21 14:36:15 Last Update
2026-10-21 14:36:15 Last Photo Update

Listed by eXp Realty

©2025 Regional Multiple Listing Service of MN, Inc. All properties are subject to prior sale, change or withdrawal. Information is provided for consumer's personal, non-commercial use.

All real estate information contained herein is provided by sources deemed to be reliable. We have no reason to doubt its accuracy but we do not guarantee it. All information should be verified.

Affinity Real Estate Inc
600 Park Avenue South / PO Box 512
Park Rapids, MN 56470

218-237-3333

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Affinity Real Estate in Park Rapids MN
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