Instant cash producer. Multiple options for this fantastic property. For both investors seeking high cash flow or a multigenerational family wanting to live close but with independent space for each member. Think of the convenience of an estate that pays for itself. Doing as the current owner does, living comfortably in the four-bedroom, two-bathroom home while tenants pay the mortgage. Or renting out the whole four units to maximize profits. Seller currently uses two of the four units personally. High rental demand in the area ensures consistent occupancy. Great location close to the school, restaurants, and more. Schedule your showing today!
Active
$349,900
450 Murray Ave, Pine River, MN 56474
6beds
4baths
2,508sqft
Est.:
Quadruplex
Built in 1972
-- sqft lot
$347,500 Zestimate®
$140/sqft
$-- HOA
What's special
- 21 days
- on Zillow |
- 973 |
- 49 |
Zillow last checked: 7 hours ago
Listing updated: April 16, 2025 at 09:32am
Listed by:
Chad Schwendeman 218-831-4663,
eXp Realty,
Chris Hanson 320-905-3700
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6697392

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Baseboard, Forced Air
Features
- Basement: 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
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt
- Attached garage spaces: 2
- Details: Garage Dimensions (24x22)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Deck
- Fencing: None
Lot
- Size: 1.4 Acres
- Dimensions: irr x 326 x 200 x 270
- Features: Irregular Lot
Details
- Foundation area: 924
- Parcel number: 942313204
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Fiber Cement, Block, Frame
- Roof: Asphalt
Condition
- Age of Property: 53
- New construction: No
- Year built: 1972
Utilities & green energy
- Electric: 100 Amp Service
- 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: $140/sqft
- Tax assessed value: $290,800
- Annual tax amount: $4,214
- Date on market: 4/4/2025
- Tenant pays: Electricity
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