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    Pine River, MN
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    Pine River, MN Multifamily Properties for Sale

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    Pequot Lakes, MN Breezy Point, MN Jenkins, MN Crosslake, MN Merrifield, MN Nisswa, MN Garrison, MN Lake Shore, MN
    4-Unit Quadplex with Garage
    Updated: Aug 21
    4-Unit Quadplex with Garage

    450 Murray Avenue, Pine River, MN 56474

    $327,900
    2,508 sqft 1.40 AC lot
    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
    Attached two‑stall garage and deck
    Unit 1 leased through August 2027; Units 3 and 4 are month‑to‑month
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    Four-Unit Property with Two-Stall Garage
    Updated: May 20
    Four-Unit Property with Two-Stall Garage

    450 Murray Ave, Pine River, MN 56474

    $329,900
    2,508 sqft
    Four‑unit property with 6 bedrooms and 4 bathrooms
    Approximately 2,508 finished square feet
    Three occupied units with Unit 2 currently vacant
    Two‑stall garage, newer deck, and updated kitchen flooring
    Built in 1972 with remote‑controlled ceiling fans
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Pine River, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex with Updated Lower Unit
    Duplex with Updated Lower Unit

    519 S 9th St, Brainerd, MN 56401

    $209,900
    1,408 sqft

    Two-unit residential property with separate upper and lower living spaces and in-unit laundry equipment.

    View details
    Historic Mixed-Use Property
    Historic Mixed-Use Property

    601 Washington Street, Brainerd, MN 56401

    $589,900
    0.43 AC lot

    Turnkey restaurant space combines existing equipment with upper-level residential and street-facing commercial rental income.

    View details
    Triplex with Five-Stall Pole Building
    Triplex with Five-Stall Pole Building

    6761 County Road 16, Pequot Lakes, MN 56472

    $689,900
    2,496 sqft 1.00 AC lot

    Three individually equipped units include private laundry, climate control, and dedicated outdoor space.

    View details
    Mixed-Use Building with Large Garage
    Mixed-Use Building with Large Garage

    30694_ Olson Street, Pequot Lakes, MN 56472

    $795,000
    0.30 AC lot

    Two kitchens, office areas, and a game room provide varied spaces for residential and work-related functions.

    View details

    Pine River, MN Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Pine River, MN on our real estate platform. These investment opportunities span a total of 5,016 square feet of properties for sale, with an estimated market value of $657,800.

    Sale prices for multifamily properties in Pine River, MN start at $327,900, averaging $328,900, and reaching up to $329,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 2

    Demographics Overview

    Population 4,471
    Population Growth (5Y) +9.6%
    Median Household Income $55,741
    College Educated 29.5%

    High-Yield Neighborhoods for Investment

    Identify Pine River submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56474 $328.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.17%
    Property Tax per SF $16.72 per SF
    Tax Rate vs County Average 0.06 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cass County

    New Delisted

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