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450 Murray Avenue, 
Pine River, MN 56474

$327,900


6

Beds


4

Baths


2,508

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Radames Cruz

, 

Noah Goedker

eXp Realty

612-751-9303

Last updated:

October 15, 2026, 01:09 PM

MLS#

7130852

Source:

NSMLS

About This Home

450 Murray Avenue

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.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1972

Price Summary

327,900

$130 per Sq. Ft.

MLS #:

7130852

Last Updated:

October 15, 2026, 01:09 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

2,508 Sq. Ft.


Structure

Structure

Building Area:

2,508 Sq. Ft.

Year Built:

1972


Lot

Lot Size (Sq. Ft):

60,984


Finances & Disclosures

Finances

Price:

$327,900

Price per Sq. Ft:

$130 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.