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$344,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 6 Total Beds
  • 2 Car Garage
  • Updated 6 days ago
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Flexible and well-maintained Pine River 4-unit property offering exceptional options for owner-occupants, multi-generational living, or full investment use. Set on a spacious in-town lot, this versatile property offers a rare blend of privacy, usable outdoor space, and convenient access to everyday amenities. The layout allows for multiple living strategies, including occupying part of the property while leasing other units, creating space for extended family, or maximizing income potential with all units in service. Recent seller improvements include a new deck, new kitchen flooring, remote-controlled ceiling fans, and more than $15,000 in recent updates, giving the property a move-in ready feel while still leaving room for a new owner to personalize over time. Additional features include a 2-stall garage, storage, and a roof warranty for added peace of mind. Located near Pine River-Backus Schools, downtown shopping and dining, and the Paul Bunyan State Trail, this property combines flexibility, function, and location in one unique package. A standout opportunity for buyers seeking a property that can support a variety of lifestyle and investment goals.

Full Property Details for 450 Murray Ave

General

  • Price: $344,900
  • Taxes: $4,214 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7048304
  • Updated: 5/1/2026
  • Added to Site: 6 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Main Level, Main Level

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 24 x 22
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Asphalt

Location

  • County: Cass
  • Township: Pine River
  • Driving Directions: From 371N continue on to a right on Main St. to a right on Murray Ave, property is on the right.

School Information

  • School District: 2174 - Pine River-Backus
  • High School District: Pine River-Backus

Heating & Cooling

  • Heating Type: Baseboard, Forced Air
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Block, Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Egress Window(s), Finished
  • Foundation Size: 1
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 2,508
  • Above Ground: 1,584 Sq. Ft.
  • Below Ground: 924 Sq. Ft.
  • Finished Down/Base.: 2,508 Sq. Ft.
  • Year Built: 1972

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 1.4
  • Lot Dimensions: irr x 326 x 200 x 270
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Irregular Lot, Light Tree Coverage

Financial Considerations

  • Tax Amount: $4,214
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Gas, Insurance, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: PART OF GOV LOT 6, SEC 31-138-29
  • Property ID: 942313204

Listed by eXp Realty

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— 450 Murray Ave —

  • eXp Realty

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NMLS#: 1598647

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Schools serving 450 Murray Ave

School District:Pine River-Backus Public School District
NameGradesDistance
Pine River-Backus Elementary School
401 Murray Avenue, Pine River, MN 56474
PK-60.1 mi
Pine River-Backus High School
810 First Street North, Pine River, MN 56474
7-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 450 Murray Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/01/2026
Listed
$344,900
23.18%
MLS
8/20/2021
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 450 Murray Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,280
—
$297,100
3%
2025
$4,280
61%
$287,500
67%
2021
$2,664
-32%
$172,500
-35%
2023
$3,900
46%
$265,600
80%
2021
$2,664
53%
$147,500
8%
2019
$1,736
10%
$136,200
13%
2018
$1,574
21%
$120,100
—
2015
$1,298
—
$120,100
100%
2015
$1,298
—
-100%
2015
$1,298
—
$111,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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450 Murray Avenue, Pine River, MN 56474 (MLS# 7048304) is a Multi-Family property with 4 units containing 6 bedrooms and 0 full bathrooms. 450 Murray Avenue is currently listed for $344,900 and was received on May 01, 2026. Want to learn more about 450 Murray Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pine River? You can browse all Pine River real estate or contact a Coldwell Banker agent to request more information.

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