Princeton Homes under $350,000

Welcome to Princeton, Minnesota – a hidden gem that beautifully blends small-town charm with modern conveniences. Nestled along the Rum River, this vibrant community is steeped in history and surrounded by stunning natural landscapes, making it an ideal place for families, retirees, and everyone in between.

Princeton boasts a rich cultural scene, with local shops, delightful eateries, and community events that foster a strong sense of belonging. The city is home to several parks and recreational areas, perfect for outdoor enthusiasts who enjoy hiking, fishing, or simply relaxing in nature. With its close-knit community vibe, residents often come together for seasonal festivals and farmers' markets, celebrating local artisans and fresh produce.

For those looking to settle down in Princeton, the real estate market offers an array of options, especially for budget-conscious buyers. Homes under $350,000 are plentiful, providing excellent opportunities for first-time homeowners or those seeking to downsize. From charming single-family homes with character to modern townhouses equipped with contemporary amenities, there’s something for everyone in this inviting market.

Princeton’s affordability doesn’t compromise quality of life; the city is served by a highly-rated school district and offers easy access to major highways, making commutes to nearby cities convenient. Whether you’re drawn to the picturesque surroundings, the friendly community, or the affordable housing options, Princeton, MN, is the perfect place to call home. Explore your options today and discover the warmth and charm that this delightful city has to offer!

Newest Princeton Homes under $350,000

$280,000

3 Beds ⋅ 3 Baths ⋅ 7153962 MLS

Beautifully updated 3 (or 4) bedroom, 3 bath twinhome in a 55+ community located on the West Branch of the Rum River with a private, wooded back yard giving you serene views from the bedrooms, deck and patio. All new flooring upstairs and down, new paint in many rooms, updated ceiling lights. The roof, siding and garage door have all been recently replaced. High ceilings, lots of windows, two bedrooms and bathrooms on the main floor and laundry with convenient shelving. The kitchen has two pantry closets for lots of storage. The primary bedroom has a large walk-in closet. A walk-thru 3/4 bath connects the two bedrooms with a main floor half bath for guests. The 2nd bedroom has French doors and walks out to the deck so could be used as a sun room or sitting room. This unit is unique to the neighborhood with many built-in cabinet upgrades, two fireplaces, and an extra large window in the basement hobby room. The main floor has grab bars in the bathrooms and is wheelchair accessible through all the doorways. The full walk-out basement is completely finished with a large living room, 3rd bedroom with a room length deep closet, a 3/4 bath and an enormous hobby room with triple window. The hobby room has a pegboard for crafting or tools, new vinyl flooring for easy cleaning, and an enormous closet with sturdy shelving. A chair lift for the basement stairs is optional if you want an additional accessibility feature. Garage has attic storage accessible by a fold down ladder. Move in for low maintenance living and a completely, permanently private backyard river, trees, and meadow view that you won't find anywhere else in the area. (Interior pictures coming soon - all new Flooring is still being installed)

1007 N Rum River Drive, Princeton

Listing courtesy of Re/Max Reliance, Inc..

$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.

$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..

$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.

$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.

$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.

$265,000

2 Beds ⋅ 2 Baths ⋅ 7123325 MLS

Convenient 2 bedroom, 2 full baths one-level living only 5 years old. This twin home has a thoughtfully designed layout which maximizes space with usefulness. All New Carpet just installed, making this great home move-in ready! Stainless steel appliances, lots of counter space and cabinets make the kitchen a great feature for every day living as well as entertaining. There is an insulated 2 car garage with overhead storage racks providing a great use of space. Sliding living room door goes out to concrete patio with a large yard for green space. Excellent location just a block from Mark Park which includes a playground, splash pad and ball fields. Close to Riebe Park which is an off leash dog park. One block to the Princeton Depot - Mille Lacs County Historical Museum and a community garden. Walk to community events all year long, and be centrally located for restaurants, specialty shops, and big box stores for shopping convenience and entertainment. Close to Hwy 95 and Hwy 169 for a quick commute in any direction.

230 11th Avenue S, Princeton

Listing courtesy of Re/Max Reliance, Inc..

$287,700

5 Beds ⋅ 3 Baths ⋅ 7121000 MLS

Investors and those looking for sweat equity, this property is a diamond in the making. 5acre mostly wooded lot, large 5BR/3BA rambler offers space to grow. Sold in AS-IS condition, sellers and sellers POA cannot and will not be able to do any work nor take charge for any repairs. Any and all services will be responsible for the buyers and buyers agents. Back on market due to finding out we would need to potentially pursue Short sale, current price reflects what is owed on reverse mortgage.

6369 325th Avenue NW, Princeton

Listing courtesy of RE/MAX Advantage Plus.

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