Princeton Homes under $250,000

Welcome to Princeton, Minnesota—a charming city that perfectly blends small-town charm with modern conveniences. Nestled in the heart of Mille Lacs County, Princeton is known for its friendly community, picturesque landscapes, and rich history. With a population of just over 5,000 residents, this vibrant city offers a welcoming atmosphere that makes it an ideal place to call home.

One of the standout features of Princeton is its affordability. For those seeking homes under $250,000, the city presents a fantastic opportunity to invest in your dream home without breaking the bank. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Princeton has a variety of options that cater to diverse lifestyles. From cozy single-family homes to charming townhouses, you’ll find properties that fit your needs and budget.

Princeton’s location is another bonus. With easy access to major highways, residents can enjoy a short commute to the Twin Cities while still relishing the serenity of suburban life. The city is also rich in recreational activities, boasting numerous parks, trails, and nearby lakes perfect for outdoor enthusiasts. Families will appreciate the quality schools and community events that bring neighbors together, fostering a strong sense of belonging.

If you’re looking for an affordable home in a friendly environment, Princeton, MN, is the place for you. Explore the possibilities and discover why so many are choosing to make this delightful city their home!

Newest Princeton Homes under $250,000

$225,000

ACTIVE Status ⋅ 7133094 MLS ⋅ 1,450 SqFt.

Here is your opportunity to remodel a turn of the century home or start fresh. Home is a brick 1 1/2 story that needs extensive work but could be absolutely beautiful when done. The 5 acre site is wooded and in a great location, there are other outbuildings included. Property has not been occupied for a while and is very overgrown. There is a drilled well and a older septic system. Bring your imagination and ideas to make this your own!

5565 85th Avenue, Princeton

Listing courtesy of Princeton Realty.

$239,900

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7127710 MLS ⋅ 2,277 SqFt.

Great investment opportunity or perfect for an owner-occupant! This well-maintained duplex received extensive updates since 2007, including remodeled kitchens and bathrooms, newer windows, updated furnaces, and central air units. Both units are one-bedroom, one-bath and are truly move-in ready. The upper-level unit features its own private entrance, while the main-floor unit enjoys access to the full, unfinished basement. Each unit has its own washer and dryer, adding convenience and value for tenants or owners. Outside, you’ll find a single garage and a large yard, offering great outdoor space and additional parking options. The property is in excellent condition, making it a solid long-term investment or a comfortable place to call home.

16618 20th Street, Princeton

Listing courtesy of Coldwell Banker Realty.

$195,000

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7124397 MLS ⋅ 945 SqFt.

Welcome home to this beautiful 2-bedroom, 1-bath townhome offering modern style, space, and functionality for under $210K! As you step inside, you’re greeted by beautiful LVP flooring running seamlessly through the foyer, dining room, and kitchen. The main living space features towering vaulted ceilings across the kitchen, dining, and living rooms, creating an airy, light-filled environment perfect for everyday living and entertaining. The kitchen is featuring white enameled raised-panel cabinets, classic 6-panel doors, and a large center island that serves as the perfect prep space or morning breakfast bar. Downstairs, the walk-out basement offers incredible versatility—ready for extra living space, storage, or future expansion. Complete with a 2-car garage, this turn-key townhome delivers low-maintenance living. This is a “Must See”

1509 16th Street N, Princeton

Listing courtesy of Keller Williams Classic Realty.

$219,900

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7117502 MLS ⋅ 1,084 SqFt.

This is a spacious 2 bedroom and one full bathroom newly remodeled home located in a nice neighborhood, on a small city lot, in downtown Princeton, MN. This is a 24’ x 36’ stucco home with a detached 16’ x 20’ wood sided garage. Roof shingles were replaced in 2023. There is a new 6’ x 6’ treated deck leading into a 6’ x 16’ enclosed porch on the front of the house. All main floor rooms have new laminate plank or luxury vinyl flooring. All plumbing, heating, and electrical have been updated and new energy efficient vinyl windows installed. There is a 24’ x 24’ partial basement with electric washer and dryer, new natural gas high efficiency 96+ furnace and new water heater installed in 2025, and plenty of space for expansion for a bedroom, family room, and craft area. There is existing roughed-in plumbing for a bathroom. Located just two blocks from the central intersection of Rum River Drive and 1st Street in Princeton a short distance from the Rum River, local golf course, parks, bike trails, library, gym, banks, barber shop and beauty salons, dentist and optical practices, convenience stores/gas stations, and many eating venues. Great investment property or starter home.

403 S 3rd Street, Princeton

Listing courtesy of homecoin.com.

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