Multifamily

Princeton, MN Multifamily Properties for Sale

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Princeton Mobile Home Park Opportunity
Updated: May 11
Princeton Mobile Home Park Opportunity

1201 12th Street North, Princeton, MN 55371

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Significant rental upside: Increase lot rents to the market average of $589, offering approximately $286 of potential growth per lot.
Stabilized, 23‑unit mobile home park community with 19 occupied lots and a single‑family home generating immediate income.
Three vacant lots with existing infrastructure (full hook‑ups) provide immediate opportunity to increase occupancy and revenue.
Located approximately 50 miles from Minneapolis, providing access to a strong demand base for affordable housing.
Existing operations include 19 lot renters paying $303/month and a single‑family home rented for $825/month, demonstrating current income.
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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 1 Active listings in Princeton, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Up-Down Duplex With Detached Garage
Up-Down Duplex With Detached Garage

151 3rd Avenue, Foley, MN 56329

$175,000
1,465 sqft 0.08 AC lot

Up-down duplex with a 2 bed/1 bath main unit and a 1 bed/1 bath upper unit, separately metered utilities.

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Updated Duplex with Detached Garage
Updated Duplex with Detached Garage

151 3rd Ave, Foley, MN 56329

$175,000
1,465 sqft

Up/down configuration includes separately metered utilities and leases in place through Fall 2026.

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12-Unit Low-Rise Apartment Complex
12-Unit Low-Rise Apartment Complex

25-33 14th Ave. N.E., Saint Cloud, MN 56304

$900,000

Twelve-unit low-rise apartment complex with on-site laundry and large units.

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Turnkey St. Cloud Apartment Building
Turnkey St. Cloud Apartment Building

1226 9th Avenue S, Saint Cloud, MN 56301

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Well-maintained, fully occupied six-unit apartment building near SCSU.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Development Land Parcel
Commercial Development Land Parcel

101 Morris Avenue, Hinckley, MN 55037

$799,000
9.20 AC lot

Approximately 9.2-acre commercial land parcel near highway access in Hinckley, Minnesota.

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Aitkin Lots & Land
Aitkin Lots & Land

L 3&4 B3 London Town, Aitkin, MN 56431

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0.14 AC lot

Double lot in Sherwood Forest with shared amenities.

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Land for Multi-Family Housing
Land for Multi-Family Housing

1610 7th Avenue E, Alexandria, MN 56308

$249,900
2.16 AC lot

2.16 acre lot zoned for multi-family housing development.

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Alexandria Lakeshore Property with Rental Opportunity
Alexandria Lakeshore Property with Rental Opportunity

5950 County Road 8 NW, Alexandria, MN 56308

$798,500
15.62 AC lot

Lakeshore property with rental cabins and RV sites near Alexandria.

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Off-Market Properties in Princeton, MN

Consider similar Off-Market properties in Princeton, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1227 Oak Ln
MOBILE HOME PARK, TRAILER PARK

1227 Oak Ln, Princeton, MN 55371-1017

Value Estimation by Request
1,216 sqft 14.78 AC lot
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1227 Oak Ln
MOBILE HOME PARK, TRAILER PARK

1227 Oak Ln, Princeton, MN 55371-1017

Value Estimation by Request
10.00 AC lot
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12113 317th Ave
MOBILE HOME PARK, TRAILER PARK

12113 317th Ave, Princeton, MN 55371-3313

Value Estimation by Request
1,072 sqft 33.15 AC lot
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Princeton, MN 55371
MOBILE HOME PARK, TRAILER PARK

Princeton, MN 55371

Value Estimation by Request
5.00 AC lot
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Princeton, MN Multifamily Properties Market Trends and Statistics

Explore 5 multifamily properties for sale in Princeton, MN on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Mobile home & RV parks 1

Demographics Overview

Population 17K
Population Growth (5Y) +2.4%
Median Household Income $89,674
College Educated 25.1%

High-Yield Neighborhoods for Investment

Identify Princeton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
55371 $529.5K

Taxes & Financing

Tax Rate (average for all types) 2.42%
Property Tax per SF $39.48 per SF
Tax Rate vs County Average 0.30 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Mille Lacs County

New Delisted

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