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Explore Similar Condos Within 25 Miles of New Madrid, MO

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    $175,000

    • 8 Beds
    • 3 Baths
    • 3,916 Sq Ft

    301 S Madison St, Clarkton, MO 63837

    JUST LISTED!! Great Investment Opportunity!! This Property Is A Duplex Of Large Living Space. Each Unit Has 4 Bedrooms, Kitchen/Dining, Living Room & Laundry Area. The Front Unit Has 2 Baths & The Back Unit Has 1 Bath. One Unit Currently Rented. This Property Has Updates & Is A Turn Key Investment. The Property Could Serve As Your Home & A Rental Income On The Side. Either Way This Would Be A

    Gina Miller The Gina Miller Realty Company

    301 S Madison St, Clarkton, MO 63837

Why Live in New Madrid

New Madrid, Missouri, a historic river town founded in 1780, is one of the oldest cities on the Mississippi River. The city, home to nearly 2,800 residents, has a rich history marked by its role as a Spanish trading post and its resilience through earthquakes, floods, and industrial changes. The New Madrid Power Plant is a significant local employer, alongside rice mills and grain elevators. The downtown area, though small, features historic buildings like a large courthouse and a museum dedicated to the 1811 earthquake. Dining options are varied, with M&M Deli offering brunch foods, El Bracero Mexican Restaurant serving Mexican cuisine, and Pro Pizza 2 providing a traditional pizzeria experience with arcade games. Grocery shopping is available at Dollar General, Family Dollar, and Price Cutter. The city’s residential areas are characterized by ranch-style homes from the 1960s to the 2000s, with prices ranging from $70,000 to $320,000. Recreational features include the Mississippi River Walk, the New Madrid Dam Fishing Area, Hunter Field, and the New Madrid Skate Park. The New Madrid Country Club offers a nine-hole golf course, swimming pool, and clubhouse. Interstate 55 provides access to larger cities like Sikeston, 20 miles away, and Cape Girardeau, 50 miles away. The local school system includes New Madrid Elementary, Central Middle, and Central High School, with the high school offering leadership programs such as Future Business Leaders of America and Future Farmers of America.

Home Trends in New Madrid, MO

Housing Trends

Median Sale Price
$95,000
Median Single Family Sale Price
$114,137
Average Price Per Sq Ft
$80
Number of Homes for Sale
6
Last 12 months Home Sales
12
Months of Supply
6.00
Median List Price
$169,950
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
19%
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