Princeton Homes under $250,000

Welcome to Princeton, Minnesota – a charming city that beautifully blends small-town warmth with modern amenities. Nestled in the heart of Mille Lacs County, Princeton is known for its friendly community, vibrant local culture, and scenic landscapes. With its convenient location just an hour north of the Twin Cities, residents enjoy the best of both worlds: the tranquility of suburban life and easy access to the bustling urban lifestyle.

Princeton is a haven for outdoor enthusiasts, boasting numerous parks, trails, and recreational activities. Whether you’re hiking along the Rum River or enjoying a sunny day at one of the local parks, you’ll find plenty of opportunities to connect with nature. The city also hosts various community events throughout the year, fostering a strong sense of belonging among its residents.

For those looking to call Princeton home, you’ll be pleased to discover a range of affordable housing options, including charming homes priced under $250,000. These properties offer an excellent opportunity for first-time buyers, families, or anyone seeking an affordable yet comfortable living space. From cozy single-family homes to inviting townhouses, there’s something to suit every taste and lifestyle.

In Princeton, you’ll find a welcoming community, excellent schools, and a variety of local shops and restaurants that cater to all your needs. With its rich history and bright future, Princeton is not just a place to live; it’s a place to thrive. Come explore the possibilities and discover your new home in this delightful Minnesota gem!

Newest Princeton Homes under $250,000

$225,000

7133094 MLS

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

2 Beds ⋅ 2 Baths ⋅ 7127710 MLS

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

2 Beds ⋅ 1 Baths ⋅ 7124397 MLS

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

2 Beds ⋅ 1 Baths ⋅ 7117502 MLS

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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