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Updated Quadplex
New
For Sale
$334,900

450 Murray Avenue, Pine River, MN 56474

Residential Income, Pine River, MN

Property Size2,508 SF
Lot Size1.40 Acres
Price / SF$133.53
Days on Market2

Property Features for 450 Murray Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential-Multi-Family
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 2, Basement, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1
Parking features Driveway, Garage - Attached
Exterior features Cement Board
Lot features Irregular Lot, Tree Coverage - Light
High school district Pine River-Backus
Directions From 371N continue on to a right on Main St. to a right on Murray Ave, property is on the right.
Standard status Active
APN 942313204
Size 2,508 SF
Lot size 1.40 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4214

Utilities

Heating system Baseboard, Forced Air

Amenities

deck
storage

Building Details

Year built 1972
Building materials Block, Frame
Roof type Shingle
Listing Agency: eXp Realty
Listed By: Radames Cruz
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 4:06AM
MLS# 7130852

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,508-square-foot quadplex, built in 1972, provides four residential units on a 1.4-acre in-town parcel. Recent work includes a new deck, kitchen flooring, and remote-controlled ceiling fans, along with more than $15,000 in seller updates. The property also has cement board exterior siding, block and frame construction, forced-air and baseboard heating, shingle roofing, basement space, storage, and an attached two-stall garage with driveway parking.

The property is located near Pine River-Backus Schools, downtown shopping and dining, and the Paul Bunyan State Trail. Its unit configuration supports owner occupancy, extended-family living, or leasing all four units, as described in the property information.

Key Highlights

  • Four‑unit property with 2,508 square feet of building area
  • 1.4‑acre in‑town parcel in Pine River, MN
  • More than $15,000 in recent seller updates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Pharmacy Storage Facility Bakery Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby

Demographics for 56474, MN

4,419
Population
2,857
Households
1.5
Avg Household Size
48
Median Age
22%
College-Educated
94%
High-School Grad
230.5 sq mi
ZIP Area
19
Density / Sq Mi
$55,741
Median Household Income
$34,906
Median Earnings
$870
Median Rent
$220,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Recent improvements include a new deck, kitchen flooring, and remote-controlled ceiling fans.
Where is this quadplex located?
The property is located at 450 Murray Avenue Pine River, MN.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Four‑unit property with 2,508 square feet of building area; 1.4‑acre in‑town parcel in Pine River, MN; More than $15,000 in recent seller updates
More about this property
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