4-Unit Quadplex with
For Sale
$327,900
450 Murray Avenue, Pine River, MN 56474
Residential Income, Pine River, MN
Property Size2,508 SF
Lot Size1.40 Acres
Price / SF$130.74
Days on Market39
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
Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4, Basement, Laundry Room, Bedroom 6
Parking features
Garage - Attached, Driveway
Patio and Porch features
Deck
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
Forced Air, Baseboard
Amenities
deck
Building Details
Year built
1972
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
eXp Realty
(612) 751-9303
Listed By:
Radames Cruz
(612) 600-3821
Added: Aug 21
Changed: Sep 27
Last Checked: Sep 28 at 11:06AM
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.
Built in 1972, this four-unit property contains 2,508 square feet of finished space, with six bedrooms and four bathrooms. Three apartments are occupied; the fourth is vacant. Unit 1 is leased through August 2027, while Units 3 and 4 are rented month to month. The property sits on a 1.4-acre lot and includes an attached two-stall garage, a deck, and recent kitchen flooring and other updates. Heating is provided by baseboard and forced-air systems.
The property is on Murray Avenue in Pine River, near downtown, Pine River-Backus Schools, the Paul Bunyan State Trail, and Norway Lake recreational access. An updated rental license is in place.
The property is on Murray Avenue in Pine River, near downtown, Pine River-Backus Schools, the Paul Bunyan State Trail, and Norway Lake recreational access. An updated rental license is in place.
Key Highlights
- Four units with three occupied and one vacant
- 2,508 square feet of finished space on a 1.4‑acre lot
- Six bedrooms and four bathrooms
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, while the fourth is vacant and available for lease-up.
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 $327,900.
What are key features of this property?
This property features: Four units with three occupied and one vacant; 2,508 square feet of finished space on a 1.4‑acre lot; Six bedrooms and four bathrooms
