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