Princeton Homes under $250,000

Welcome to Princeton, Minnesota, a charming city that beautifully blends small-town warmth with modern conveniences. Nestled in the heart of Mille Lacs County, Princeton boasts a rich history and a vibrant community spirit. With its picturesque landscapes, friendly neighborhoods, and a variety of local amenities, it’s no wonder that Princeton is becoming a sought-after destination for homebuyers looking for an affordable slice of suburban bliss.

For those on the hunt for homes under $250,000, Princeton offers a delightful selection of properties that cater to diverse lifestyles and needs. Whether you're a first-time homebuyer, a growing family, or someone looking to downsize, you'll find cozy single-family homes, townhouses, and charming bungalows that fit your budget without compromising on comfort.

The city is known for its excellent schools, beautiful parks, and a plethora of recreational opportunities, including hiking, fishing, and seasonal festivals that bring the community together. Princeton’s downtown area features a mix of local shops, restaurants, and services, making it easy to enjoy the best of what the city has to offer.

With its inviting atmosphere, affordable housing options, and a strong sense of community, Princeton, MN, is the perfect place to call home. Explore the available homes under $250,000 and discover the potential for a bright future in this delightful city. Embrace the charm of Princeton, where your dream home awaits!

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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