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

Contact for pricing
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 9 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

Opportunities in Nearby Cities

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

Two-Unit Duplex
Two-Unit Duplex

345 2nd Avenue SW, Milaca, MN 56353

$320,000
2,076 sqft 0.41 AC lot

A three-bedroom main-floor apartment and a two-bedroom upper residence create a distinct up-and-down layout.

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8-Unit One-Level Apartment Community
8-Unit One-Level Apartment Community

11024-11038 183rd Cir NW, Elk River, MN 55330

$2,400,000
1,442 sqft

A 55+ rental community completed in 2020, arranged near shopping and the Hwy 101/169 corridor.

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Mixed-Use Property with 6 Apartments
Mixed-Use Property with 6 Apartments

105 1st Street W, Milaca, MN 56353

$499,900
0.04 AC lot

Main-level commercial space accompanies fully leased residential units in a corner property with on-street parking.

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55+ Community Investment Opportunity
55+ Community Investment Opportunity

11038 183rd Cir NW, Elk River, MN 55330

Contact for pricing
11,536 sqft

Eight-unit, 55+ community built in 2020, great location.

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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

Estimated value:
$250,000
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

Estimated value:
$250,000
10.00 AC lot
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12113 317th Ave
MOBILE HOME PARK, TRAILER PARK

12113 317th Ave, Princeton, MN 55371-3313

Estimated value:
$240,000
1,072 sqft 33.15 AC lot
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Princeton, MN 55371
MOBILE HOME PARK, TRAILER PARK

Princeton, MN 55371

Estimated value:
$250,000
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%

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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