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    • Price cut: $7K (9/25)
    $327,900

    450 Murray Ave, Pine River, MN 56474

    6beds
    4baths
    2,508sqft
    : 
    $2,162/mo
    Get pre-qualified
    Fourplex
    Built in 1972
    -- sqft lot
    $-- Zestimate®
    $131/sqft
    $-- HOA

    What's special

    Spacious in-town lotRemote-controlled ceiling fansNew deckNew kitchen flooring
    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.
    60 days
    349
    22

    Zillow last checked:

    Listing updated:

    Listed by:

    Radames Cruz 612-600-3821,

    eXp Realty,

    Noah Goedker

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7130852MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      Heating
      • Baseboard, Forced Air
      Appliances
      • Laundry: Main Level
      Features
      • Basement: Block,Egress Window(s),Finished
      Interior area
      • Total structure area: 2,508
      • Total interior livable area: 2,508 sqft
      • Finished area above ground: 1,584
      • Finished area below ground: 924
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Asphalt
      • Attached garage spaces: 2
      • Details: Garage Dimensions (24x22)
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Modified Two Story
      • Patio & porch: Deck
      • Pool features: None
      • Fencing: None
      Lot
      • Size: 1.4 Acres
      • Dimensions: irr x 326 x 200 x 270
      • Features: Irregular Lot, Tree Coverage - Light
      • Topography: Level
      Details
      • Foundation area: 1
      • Parcel number: 942313204
      • Zoning description: Residential-Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Fourplex
      Materials
      • Block, Frame
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1972

      Utilities & green energy

      • Electric: 100 Amp Service, Power Company: Minnesota Power
      • Gas: Electric, Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Location
      • Region: Pine River

      Financial & listing details

      • Price per square foot: $131/sqft
      • Tax assessed value: $287,500
      • Annual tax amount: $4,214
      • Date on market: 8/21/2026
      • Cumulative days on market: 134 days
      • Tenant pays: Electricity

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/25/2026Price change$327,900-2.1%$131/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7130852 Report a problem
        8/21/2026Listed for sale$334,900+1.5%$134/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7130852 Report a problem
        8/20/2026Listing removed$329,900$132/sqft
        Source: eXp Realty #7077039 Report a problem
        8/8/2026Price change$329,900-1.5%$132/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7077039 Report a problem
        7/15/2026Price change$334,900-1.5%$134/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7077039 Report a problem
        6/9/2026Price change$339,900-1.4%$136/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7077039 Report a problem
        5/20/2026Listed for sale$344,900$138/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7077039 Report a problem
        5/20/2026Listing removed$344,900$138/sqft
        Source: eXp Realty #7048304 Report a problem
        5/1/2026Listed for sale$344,900-1.4%$138/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7048304 Report a problem
        7/31/2025Listing removed$349,900$140/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6697392 Report a problem
        7/1/2025Listed for sale$349,900+2.9%$140/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6697392 Report a problem
        5/28/2025Listing removed$339,900$136/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6697392 Report a problem
        4/30/2025Price change$339,900-2.9%$136/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6697392 Report a problem
        4/15/2025Listed for sale$349,900+25%$140/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6697392 Report a problem
        8/23/2021Sold$280,000-6.6%$112/sqft
        Source: NorthstarMLS as distributed by MLS GRID #5763019 Report a problem
        6/19/2021Pending sale$299,900$120/sqft
        Source: NorthstarMLS as distributed by MLS GRID #5763019 Report a problem
        5/26/2021Listed for sale$299,900+122.1%$120/sqft
        Source: NorthstarMLS as distributed by MLS GRID #5763019 Report a problem
        5/7/2018Sold$135,000$54/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,214 +2.9%$287,500 -1.1%
        2024$4,094 +6.8%$290,800
        2023$3,834 +32.4%$290,800 +9.5%
        2022$2,896 +11.5%$265,600 +54%
        2021$2,598 -2.5%$172,500 +16.9%
        2020$2,664 +53.5%$147,500 +8.3%
        2019$1,736 +10.3%$136,200 +13.4%
        2018$1,574 +21.3%$120,100
        2017$1,298 $120,100
        2016$1,298 --
        2015$1,298 +8.7%--
        2014$1,194 +8.2%--
        2013$1,104 --
        2012-- --
        2009$1,490 -5.8%$158,400 -9.7%
        2008$1,582 $175,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 56474

        Getting around

        35 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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