Princeton Homes under $400,000

Welcome to Princeton, Minnesota – a charming city that beautifully blends small-town charm with modern conveniences. Nestled in the heart of Mille Lacs County, Princeton offers a vibrant community atmosphere, making it an ideal place for families, young professionals, and retirees alike. With its rich history, scenic parks, and a variety of local shops and dining options, Princeton is a place where you can truly feel at home.

One of the standout features of Princeton is its affordability. For those looking to invest in their dream home without breaking the bank, the city boasts an impressive selection of homes available for under $400,000. Whether you’re searching for a cozy starter home, a spacious family residence, or a charming property with character, Princeton has something to suit every taste and budget.

Imagine waking up in a beautiful home surrounded by the serene landscapes of Minnesota, with easy access to outdoor activities like hiking, fishing, and biking. The community is also home to excellent schools, making it a great choice for families looking to settle down.

Princeton's friendly residents and welcoming atmosphere create a sense of belonging that is hard to find elsewhere. With its affordable housing market, stunning natural beauty, and a strong sense of community, Princeton, MN, is not just a place to live; it’s a place to thrive. Discover your perfect home in Princeton today, and experience all the wonderful opportunities this delightful city has to offer!

Newest Princeton Homes under $400,000

$240,000

3 Beds ⋅ 1 Baths ⋅ 7159887 MLS

Move right in! Complete kitchen remodel. New flooring throughout., Shiplap ceilings, Updated electrical panel, Remodeled bathroom complete with shower surround and tiled floor. AC is only 2 yrs, Furnace approx.7 yrs. Roof btwn 7-9 yrs. Fresh paint inside and out. Truly turnkey!

901 S 6th Street, Princeton

Listing courtesy of eXp Realty.

$299,900

2 Beds ⋅ 1 Baths ⋅ 7158787 MLS

Beautiful Country Setting on a blacktop road but no close neighbors, just farm fields. Home has original part and an addition that is not complete. Home is heated mainly with a wood stove on the main level but does have a forced air furnace for back up. Addition will allow for more living space which can be determined by the new buyer. There is a concrete block garage and a machine shed style outbuilding, all on 5 acres. Come and enjoy the country and bring your ideas to finish this vintage country home.

8419 373rd Avenue NW, Princeton

Listing courtesy of Princeton Realty.

$399,900

4 Beds ⋅ 3 Baths ⋅ 7159298 MLS

Don't miss this opportunity to own a spacious and well-maintained 4-bedroom, 3-bath home set on a beautiful 1-acre lot in Princeton. Offering a functional layout, quality finishes, and the privacy buyers are looking for, this property stands out from the rest. The bright and inviting main level features vaulted ceilings, quality Andersen windows that bring in abundant natural light, classic 6-panel doors, and comfortable gathering spaces designed for everyday living. The spacious kitchen offers an abundance of counter space, ample cabinetry, and durable quartz countertops, creating both style and function at the heart of the home. The private primary suite includes a walk-in closet and attached bath, while the finished lower level provides exceptional flexibility with additional bedrooms, a large family room, full bath, and extra space ideal for entertaining, hobbies, work-from-home needs, or multi-purpose living. Whether you need room to grow, host guests, or simply spread out, this home delivers. Step outside and enjoy the open 1-acre setting with plenty of room for pets, play, gardening, or outdoor entertaining. Relax on the front porch, take in the peaceful surroundings, and enjoy the convenience of the oversized 3-stall garage offering valuable storage, workspace, and room for all the extras. Combining space, quality construction, comfort, and a sought-after setting, this is the kind of property buyers wait for-schedule your showing before it's gone.

14320 314th Avenue NW, Princeton

Listing courtesy of Ashworth Real Estate.

$369,900

4 Beds ⋅ 2 Baths ⋅ 7156418 MLS

Looking for a little more land without giving up convenience? Situated on nearly 3 acres, this Princeton home offers plenty of outdoor space, a 3 car heated and insulated garage, plus a 16X16 matching shed. The lower level provides additional finished living space with flexibility for a variety of uses. Enjoy being close to Elk Lake and Sherburne National Wildlife Refuge while still having easy access to HWY 169 for commuting. With nearly 3 acres to make your own, there's plenty of opportunity here to settle in and make this property yours!

14043 294th Avenue, Princeton

Listing courtesy of Real Broker, LLC.

$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..

$365,000

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. This community has 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 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.

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Princeton Homes under $400,000

Newest Princeton Homes under $400,000

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