Princeton Homes under $400,000

Welcome to Princeton, Minnesota – a charming city that beautifully blends small-town warmth with modern conveniences. Nestled just an hour north of the Twin Cities, Princeton offers a peaceful retreat with easy access to urban amenities, making it an ideal place for families, young professionals, and retirees alike.

As you explore Princeton, you’ll discover a vibrant community filled with friendly faces and a rich history. The city is known for its picturesque landscapes, including lush parks, serene lakes, and scenic trails, perfect for outdoor enthusiasts. Whether you enjoy hiking, fishing, or simply soaking in the beauty of nature, Princeton has something for everyone.

When it comes to housing, Princeton boasts an impressive selection of homes under $400,000, making it a fantastic choice for first-time buyers or those looking to downsize without compromising on quality. These homes offer a variety of styles, from charming single-family residences to modern townhouses, ensuring that you'll find the perfect fit for your lifestyle. Many properties feature spacious yards, updated interiors, and proximity to local schools and amenities, providing both comfort and convenience.

In addition to its affordable housing market, Princeton is home to a thriving downtown area filled with unique shops, delightful eateries, and community events that foster a strong sense of belonging. With a commitment to preserving its quaint character while embracing growth, Princeton is a city where you can truly feel at home.

Discover the charm of Princeton, MN, and find your dream home today!

Newest Princeton Homes under $400,000

$320,000

4 Beds ⋅ 2 Baths ⋅ 7153792 MLS

Assumable mortgage opportunity on this corner-lot rambler in Princeton, MN. This beautifully maintained home features original hardwood floors, classic built-ins, and abundant storage. The updated kitchen offers ample cabinetry and an informal dining area. A finished basement adds flexible living space with a spacious recreation room, dedicated laundry and utility areas, and a fourth bedroom that could also serve as a home office or gym. Enjoy an attached garage and a private fenced outdoor area for entertaining, bonfires, and pets. Located near historic downtown Princeton, local schools, parks, shopping, and dining, this charming rambler combines character, convenience, and versatile living spaces. Ask for details about the assumable mortgage!

505 4th Street S, Princeton

Listing courtesy of eXp Realty.

$399,900

4 Beds ⋅ 2 Baths ⋅ 7146913 MLS

Escape to 5 private acres with room to spread out and live how you want. This move-in-ready property features a freshly renovated kitchen and a charming 4-season sunroom for year-round relaxation. Storage and hobby space abound with a massive 4-car garage plus a 30'x40' pole building (14' sidewalls) — perfect for equipment, workshop, or storage needs. Recent updates include a new well, compliant septic system, and newer windows for peace of mind. In addition to central HVAC, a previously used wood-fueled boiler offers off-grid heating flexibility. Enjoy a large garden space, mature trees, and quiet surroundings — all within the Princeton school district. A rare combination of updated systems, functional outbuildings, and acreage. Schedule your showing today!

10240 297th Avenue, Princeton

Listing courtesy of Edina Realty, Inc..

$285,000

4 Beds ⋅ 2 Baths ⋅ 7151367 MLS

Hard to find, great opportunity! Equity Builder. Almost all materials are in the home for finishing. Newer upgrade siding and roofing. Newer high efficiency furnace, AC, and water softener. Many new windows. Newer deluxe appliances. Seller has completed many upgrades. Just needs finishing touches. Oversized four season porch. Huge dream attached garage with seperate work shop featuring a rear garage door for added convenience. Concrete drive with an abundance of extra parking plus side area parking for additional outdoor storage! Beautiful wooded setting, quiet cul-de-sac. Huge possibilities hear! Quick possession!

114 Woodland Circle, Princeton

Listing courtesy of Real Estate Masters, Ltd..

$375,000

3 Beds ⋅ 1 Baths ⋅ 7150332 MLS

Welcome home to a property that offers space, recreation, and room to make it your own! This home features 3 finished bedrooms and a full bathroom, with even more potential waiting in the lower level. The basement includes a nearly finished bathroom, family room, and potential 4th bedroom—all needing just flooring, paint, and finishing touches to add valuable living space and build immediate equity. Inside, you’ll appreciate the large, welcoming entryway and convenient mid-level laundry/mudroom, complete with a high-end LG washer and dryer. The kitchen and upper-level bathroom feature granite countertops, while solid oak cabinetry adds warmth and quality throughout the home. All appliances are included, are in newer condition, and are gas-powered. The home has also been maintained as pet-free, smoke-free, and scent-free. Outside, you’ll love the 24x24 pole building, already wired for 220 service and ready for your toys, tools, hobbies, storage, or workshop. One of the most unique features of this property is the community itself. The association fee includes a shared septic system managed by the City of Baldwin, taking much of the hassle out of septic ownership. Even better, homeowners have access to an incredible 46-acre HOA-managed recreational area with walking trails and hunting opportunities—giving you plenty of room to enjoy the outdoors right in your own backyard. With extra space ready to finish, quality features throughout, a great outbuilding, and access to acres of recreational land, this property offers an opportunity that's hard to find!

14318 316th Avenue, Princeton

Listing courtesy of eXp Realty.

$299,900

3 Beds ⋅ 2 Baths ⋅ 7146988 MLS

Amazing opportunity in Princeton! This updated three-level split sits on two lots, offering nearly an acre of outdoor space and a unique combination of residential living and future possibilities. The home features updates both inside and out, with three bedrooms, 1.5 bathrooms, and a versatile flex space perfect for a home office, den, hobby room, or potential fourth bedroom. The spacious lower-level family room offers plenty of room to relax, entertain, and make the space your own. Adding even more opportunity, the additional lot behind the home is zoned commercial—an exciting option for a home-based business or other potential uses. With generous space, thoughtful updates, and uncommon flexibility, this Princeton property is one you won’t want to miss!

3207 90th Avenue, Princeton

Listing courtesy of Next Generation Realty LLC.

$309,000

3 Beds ⋅ 2 Baths ⋅ 7143634 MLS

Located in Princeton, Minnesota, this 3-bedroom, 2-bathroom home sits on approximately 0.82 acres and offers residential living space, outdoor space, and convenient access to the amenities of town. Positioned just off State Highway 95, the property provides an accessible location while maintaining a spacious yard with mature trees and established landscaping. Several important updates are already complete. The roof was replaced within the last year, providing a recent improvement to one of the home's major exterior components. The home also has a newer air conditioning system and furnace. Outside, the property features a large yard with mature trees and room for outdoor activities, gardening, landscaping, or additional recreational use. The established trees provide shade and privacy throughout the property while maintaining open yard space around the home. The property sits along State Highway 95 in Princeton, offering convenient access to the surrounding community. Princeton offers a variety of everyday services and amenities, including grocery stores, restaurants, retail businesses, schools, parks, and other community facilities. The location also provides access to major roadways for travel throughout the surrounding area. Princeton is located in Mille Lacs County, approximately 50 miles north of the Twin Cities metropolitan area. The community is situated near the Rum River and provides access to a variety of outdoor recreational opportunities throughout the surrounding area. Nearby communities include Zimmerman, Elk River, Cambridge, and Milaca. For those looking for a property with more land than a typical in-town residential lot, the approximately 0.82-acre parcel provides additional outdoor space while remaining close to the conveniences of Princeton. The combination of the home's three bedrooms and two bathrooms, recent roof replacement, newer heating and cooling systems, mature trees, and large yard offers many great features you’ll enjoy. Don’t miss your chance at this beautiful property with a great location!

7308 State Hwy 95, Princeton

Listing courtesy of Whitetail Properties Real Estate.

$265,000

3 Beds ⋅ 3 Baths ⋅ 7075893 MLS

Rare opportunity to own a beautifully refreshed end-unit home in this desirable 55+ community! One level living ideally positioned at the end of the building, this home offers added privacy and peaceful views. Step inside to a bright, open floor plan filled with natural light, featuring fresh paint and new carpet. The spacious deck is a standout feature, offering plenty of room to relax or entertain, plus convenient stairs leading to the lower level. Enjoy flexible living space, including a dedicated shop/gym room that's perfect for hobbies, projects, exercise, or additional storage. A wonderful combination of privacy, space, and low-maintenance living—ready for you to move in and make it your own!

1103 N Rum River Drive, Princeton

Listing courtesy of Keller Williams Realty Integrity.

$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.

$375,000

2 Beds ⋅ 2 Baths ⋅ 7132401 MLS

Beautiful maintenance free living awaits. Newly constructed twinhome with over 1300 square feet, one level living with open floor plan and neutral colors throughout. Vaulted ceiling, LVP flooring, Rustic Alder cabinetry, subway tile backsplash, granite center island, sunroom creates additional space for the holidays or just a quiet sitting room. Onsuite with private bath & walk in closet.

1002 S 5th Street, Princeton

Listing courtesy of Keller Williams Integrity NW.

$375,000

2 Beds ⋅ 2 Baths ⋅ 7132351 MLS

Beauatiful maintenance free living awaits. Newly constructed twinhome with over 1300 square feet, one level living with open floor plan and neutral colors throughout. Vaulted ceiling, LVP flooring, Rustic Alder cabinetry, subway tile backsplash, granite center island, sunroom creates additional space for the holidays or just a quiet sitting room. Onsuite with private bath & walk in closet.

1004 S 5th Street, Princeton

Listing courtesy of Keller Williams Integrity NW.

$290,000

3 Beds ⋅ 2 Baths ⋅ 7120075 MLS

Space, flexibility, and a great lot make this four-level home a homebuyer’s opportunity to create something that truly feels like their own. The layout offers plenty of room to spread out, with a main level designed for everyday living, two bedrooms upstairs, and a lower level featuring a third bedroom, family room, and convenient 3/4 bath. The primary suite’s walk-in closet provides the kind of storage that’s hard to find. With a little vision and some personal touches, there’s plenty of potential to take the spaces to the next level and make them your own. The home offers a solid foundation to work from, whether your goal is to personalize over time or tackle projects as you go. Outside, the spacious lot gives you room to garden, gather around a fire pit, create a play area, or simply enjoy some extra breathing room. An attached two-car garage adds everyday convenience. Just minutes from Mark Park, you’ll have easy access to baseball fields, playgrounds, walking trails, and the splash pad, while nearby Highway 169 makes commuting a breeze. If you’ve been looking for a home with a great layout, generous space, and a lot that gives you room to grow, this could be the opportunity you’ve been waiting for.

1401 3rd Street S, Princeton

Listing courtesy of BRIX Real Estate.

$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.

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