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$334,900

**INVESTOR OPPORTUNITY – INCOME-PRODUCING FOURPLEX IN PINE RIVER! ** This 4-unit property has 3 occupied units generating $3,250/month in current gross rental income, or $39,000 annualized, based on seller-provided rents. Current rents: Unit 1 – $1,700/month; Unit 3 – $700/month; Unit 4 – $850/month. Unit 2 is currently vacant and not included in the income figures. Offered at $334,900, the property provides immediate rental income, an established tenant base, and additional upside. Features include 6 bedrooms, 4 bathrooms, approx. 2,508 finished sq. ft., a spacious in-town lot, 2-stall garage, new deck, new kitchen flooring, remote-controlled ceiling fans, and more than $15,000 in recent updates. Conveniently located near downtown Pine River, Pine River-Backus Schools, the Paul Bunyan State Trail, and nearby Norway Lake with public recreational access. Rental figures are seller-provided; buyers and agents to verify rents, leases, expenses, licensing, unit configuration, and measurements.

6 Beds ⋅ 4 Baths ⋅ 7130852 MLS

450 Murray Avenue, Pine River

Listing courtesy of eXp Realty.

$3,250,000

Set along 300 feet of pristine shoreline on Upper Whitefish Lake, this extraordinary Northwoods estate a rare combination of privacy, recreation, and legacy ownership on the Whitefish Chain. The primary homesite includes 3.73 acres on Upper Whitefish Lake, with and option for additional 17.67-acre adjoining parcel offering access to the Chain through Mud Lake. Surrounded by towering pines and protected Northwoods beauty, the property offers a sense of seclusion seldom found on one of Minnesota's premier lake chains. Expansive lakeside decking, a dramatic three-season porch, and walls of windows capture breathtaking water views and create seamless indoor-outdoor living. Designed for gathering, the home blends timeless lodge-inspired architecture with exceptional comfort. Warm wood finishes, soaring ceilings, multiple fireplaces, spacious living and family rooms, and a main-level primary suite with lake views create inviting spaces for both everyday living and entertaining. Guests and extended family will appreciate the seasonal guest cabin, while the attached garage, detached three-car garage, workshop, and additional storage spaces provide ample room for vehicles, watercraft, hobbies, and recreational equipment. Beyond its impressive acreage and shoreline, this estate offers something increasingly difficult to find: space, privacy, and permanence. Surrounded by towering pines and connected to the Whitefish Chain, it is a property designed to be treasured for generations.

6 Beds ⋅ 4 Baths ⋅ 7022599 MLS

8597 Sunset Shores, Pine River

Listing courtesy of Edina Realty, Inc..