450 Murray Ave, Pine River, MN, 56474
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1972
Materials
- Roof: Asphalt
- Construction materials: Block,Frame
Type & Style
- Home type: MultiFamily
- Property subType: Fourplex
Interior
Appliances
- Laundry features: Main Level
Basement
- Has basement: Yes
- Basement: Block,Egress Window(s),Finished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Finished area below ground: 924
- Finished area above ground: 1,584
Heating
- Heating features: Baseboard,Forced Air
Interior Area
- Total structure area: 2,508
- Total interior livable area: 2,508 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 942313204
- Zoning description: Residential-Multi-Family
- Foundation area: 1
Features
- Levels: Modified Two Story
- Pool features: None
- Patio & porch: Deck
- Fencing: None
- Topography of land: Level
Lot
- Lot size: 1.40 Acres
- Features: Irregular Lot,Tree Coverage - Light
- Lot size dimensions: irr x 326 x 200 x 270
Parking
- Total spaces: 2
- Parking features: Attached,Asphalt
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
- Drought
- Hail
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Cass County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,693 | $20,316 |
| Home Insurance * | $201 | $2,412 |
| Property Taxes | $420 | $5,040 |
| Electricity | $211 | $2,538 |
| Total | $2,525 | $30,300 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listed for sale | $344,900 |
| 2025-07-31 | Listing removed | $349,900 |
| 2025-07-01 | Listed for sale | $349,900 |
| 2025-05-28 | Listing removed | $339,900 |
| 2025-04-30 | Price change | $339,900 |
| 2025-04-15 | Listed for sale | $349,900 |
| 2021-08-23 | Sold | $280,000 |
| 2021-06-19 | Pending sale | $299,900 |
| 2021-05-26 | Listed for sale | $299,900 |
| 2018-05-07 | Sold | $135,000 |
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