450 Murray AVE Pine River, MN 56474
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 $133
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
This 4-unit property has 3 occupied units generating $3,250/month in current gross rental income, or $39,000 annualized, based on seller-provided rents. Current rents: Unit 1 – $1,700/month; Unit 3 – $700/month; Unit 4 – $850/month. Unit 2 is currently vacant and not included in the income figures. Offered at $334,900, the property provides immediate rental income, an established tenant base, and additional upside. Features include 6 bedrooms, 4 bathrooms, approx. 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. Conveniently located near downtown Pine River, Pine River-Backus Schools, the Paul Bunyan State Trail, and nearby Norway Lake with public recreational access. Rental figures are seller-provided; buyers and agents to verify rents, leases, expenses, licensing, unit configuration, and measurements.
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
"Buying a home is one of the biggest decisions you’ll make. You deserve to be in the driver’s seat with someone in your corner who tells it to you straight. My job is to make the process clear, cut through the noise, and make sure you understand the full picture every step of the way. "