Residential Land with Home for Sale in Alva, Oklahoma

Welcome to 1301 S 8th Street in Alva, Oklahoma (2.22 Acres MOL), offered together with 1421 Young Street (.91 Acres MOL), for a combined 3.13 acres (MOL) right in town. This rare in-town acreage property provides space, flexibility, and extensive upgrades -- located just steps from Northwestern Oklahoma State University's campus, baseball and football fields, and close to restaurants and elementary school. With over 3,000 square feet of living space in the home, two shop buildings, and abundant outdoor areas, this property fits a wide variety of lifestyles -- from families and university staff to hobbyists and those needing extra room for equipment, vehicles, or recreation. The spacious home features 4 bedrooms plus an office (or optional 5th bedroom), 2.5 bathrooms, and 3,017 square feet of living area. The layout provides flexibility -- the master bedroom could easily be divided into two rooms, allowing for up to six bedrooms total. Throughout the home, you'll find ample storage and closet space, updated systems, and windows. The home's basement doubles as a storm shelter and houses the mechanicals, including a tankless water heater, water softener and reverse osmosis system. A 2-car attached garage and 2-car carport provide convenient covered parking, plus two shop buildings allowing for and abundance of parking space for vehicles, trailers, RV's and more. The home offers multiple outdoor living areas -- a patio off the master bedroom, a patio off the living room, and covered patios off both the garage and the shop -- creating ideal spots for entertaining or enjoying evenings outside. Enjoy the 2,800 sq. ft. newly built metal-frame shop (built in 2023), framed for three offices or bedrooms and a bath, which has been insulated, plumbed, wired, and equipped with HVAC. This massive shop building's living quarters is nearly completed. The seller has some of the finishing materials which are included with the purchase. You'll also enjoy an additional 1,200 sq. ft. wood-frame shop (built 2012). With a 2025 appraisal of $465,000, and a list price of $399,000, this property combines comfort, versatility, and value--perfect for families, university staff, or anyone needing space to live, work, and play in the heart of Alva.