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Gray two-story house with a raised wooden deck, two outbuildings, and a basketball hoop in a wooded yard.
Aerial view of a home with a multi-bay garage and driveway, bordered by trees and woodland.
Gray split-level home with an attached two-car garage and small wooden front deck.
Gray two-story home with an attached two-car garage and a broad driveway, surrounded by trees.
Gray two-story house with two garage doors and a wide paved driveway, surrounded by trees.
Gray split-level house with a two-car garage, wide driveway, and small wooden deck.
Gray house with a raised wooden deck and detached shed, viewed from above the driveway.
Wooded backyard with a gray shed, concrete basketball court, hoop, and fire pit.
Living room with a quilt-covered blue sofa, carpeted stairs, and an adjoining dining area with deck access.
Furnished living room and entryway with large windows and a distinctive wood front door with oval glass.
Dining area with a round wooden table opening into a carpeted living room.
Kitchen and dining area with white cabinets and sliding doors to a deck.
Kitchen with white cabinets and stainless steel refrigerator, opening to a carpeted room through a wood-trimmed doorway.
Kitchen with white cabinets, a double sink beneath a large window, and wood-look flooring.
Kitchen with white cabinets, double sink, warm wood floors, and a decorative glass entry door.
Bathroom with a wood-framed mirrored cabinet, cream tile walls, and a white marble-pattern vanity.
Bedroom with a white bed, wood-paneled walls, and two windows overlooking trees.
Bedroom with a bed, wood-paneled wainscoting, and a television on a dresser.
Bedroom with an owl-print bedspread, wood-paneled wainscoting, and a large curtained window.
Bedroom with colorful owl bedding, wood-paneled walls, and dark wood doors.
Furnished bedroom with gaming-themed bedding, a computer desk, and blue curtains.
Bedroom with colorful single bed, dark wood closet doors, and toys on a desk.
Laundry room with stacked front-loading washer and dryer beside a decorative glass exterior door.
Living room with a pink sofa, oval coffee table, low windows, and dark wood closet doors.
Basement living area with wood kitchenette cabinets, a refrigerator, and a red sofa.
Bedroom with a bed, patterned pillows, floral curtain, and television on a dresser.
Bathroom with a floral shower curtain, toilet, and sink vanity beneath a sloped wood-paneled ceiling.
Carpeted living area opening to a compact kitchen with a breakfast bar and wood cabinetry.
Kitchen with wood cabinets, built-in microwave, patterned floor, and sink beneath a window.
Empty carpeted room with a large double window and a long baseboard heater.
Compact kitchen with sink, refrigerator, electric range, and doorway to a carpeted room.
Empty carpeted room with a window overlooking a small outbuilding.
Room with open doorways to a bathroom and adjoining room with wood cabinets.
Bathroom with a white sink and toilet, wood cabinetry, and a window with blinds.
Carpeted entry room with a barred door, window, and exposed ceiling beams.
Enclosed entry porch with gray carpet, grid ceiling, windows, and an open door into the home.
Furnished living room with a stainless-steel refrigerator, gray sofa, wood trim, and window air conditioner.
Open-plan living room and kitchen with wood cabinets, a gray sofa, and a bedroom doorway.
Living room with gray sofa, Spider-Man chair, dark wood floors, and windows beside a dining area.
Bedroom with a large bed beneath a window and an open doorway to an adjoining room.
Bathroom with a black vanity, oval sink, patterned floor, and framed print above a towel.
Backyard with two storage sheds, a large pine tree, and woods behind the leaf-strewn lawn.
Backyard with two gray sheds, a basketball hoop, and a wooded perimeter.
Aerial view of a house beside a wooded lot and paved parking area.
Aerial view of a house on a wooded lot, with nearby roads and a small-town landscape.
Aerial view of Pine River neighborhoods, with a baseball field and outdoor courts in the foreground.
Aerial view of baseball fields and a running track beside homes and two lakes.
Aerial view of a campus with baseball fields, a running track, solar panels, and a lake nearby.
Aerial view of a school athletic complex beside a lake, with a running track and baseball fields.
Floor plan showing three bedrooms, a bathroom, hall, and staircase.
Floor plan of the kitchen, dining area, and living room with room dimensions and stairs.
Floor plan of a home with a bedroom, bathroom, utility room, hall, and recreation room.
Floor plan with two kitchens, bedrooms, bathrooms, and labeled room dimensions.
Four-level floor plan showing room layouts and dimensions for the basement, first, second, and third floors.
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Courtesy of eXp Realty, Radames Cruz Listing Contact:  
$327,900

450 Murray Avenue

6 Beds 4 Baths 2,508 Sq.Ft. 1.4 Acres

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Description

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.

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Location

450 Murray Avenue, Pine River, MN 56474

Status

For Sale
Noah Goedker

Noah Goedker

TITLE

REALTOR®

PHONE

2187898339

EMAIL

[email protected]

CONTACT AGENT

Property Amenities

Interior
Laundry room Main Level
Total Bedrooms: 6
Area & Lot
Total area 2,508 Sq.Ft.
Lot Area 1.4 Acres
Living area 2,508 Sq.Ft.
MLS® ID 7130852
Year Built 1972
School District Pine River-Backus
Type Multi-Family
Status For Sale
Exterior
Stories 2
Pool None
Heat type Baseboard, Forced Air
Disability Features None
Water Source City Water/Connected
Garage Space 2.0
Sewer City Sewer/Connected
Parking Attached Garage, Asphalt
Lot Features Irregular Lot, Tree Coverage - Light
Roof Asphalt
Finance
Sales Price $327,900
Real Estate Tax $4,214 yearly
Aerial view of a home with a multi-bay garage and driveway, bordered by trees and woodland.

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Aerial view of a home with a multi-bay garage and driveway, bordered by trees and woodland.

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NOAH GOEDKER

(218) 821-3312

[email protected]



7119 Forthun Road
Baxter MN 56425