Welcome to 1301 S 8th Street in Alva, Oklahoma — a rare in-town acreage property offering space, flexibility, and an exceptional opportunity priced well below appraised value of $465,000 for immediate equity and value. Offered together with 1421 Young Street, Alva, OK, this combined 3.13-acre MOL package sits just steps from Northwestern Oklahoma State University's campus, ball fields, restaurants, and elementary school. The Main Home features 4–5 bedrooms, 2.5 bathrooms, and 3,017 square feet of living space. The ranch-style, one-story layout includes a formal dining room, family room, woodburning fireplace, and generous storage and closet space throughout. The master bedroom can be divided into two rooms, allowing for up to six bedrooms total. The home has a metal roof with central gas heat and central electric cooling. A 2-car attached garage and 2-car carport provide ample covered parking. The unfinished basement serves as both a storm shelter and mechanical room. Multiple outdoor living areas include covered patios off the master bedroom, living room, garage, and shop — ideal for entertaining. Included appliances and mechanicals: Oven/Range, Microwave, Dishwasher, Garbage Disposal, Water Softener, Reverse Osmosis, Sump Pump, Central Heat & Air, Tankless Water Heater. New Shop — 40x90 Metal Frame (Built 2023): This impressive structure offers 2,800 sq ft enclosed, with 2000 SF shop area & 800 SF unfinished living quarters framed for 3 bedrooms/offices and 1 bathroom, plus a 40x20 covered porch. The living quarters section is insulated, plumbed, wired, and equipped with HVAC — nearly move-in ready. Finishing materials including drywall and doors are included with the purchase. Automatic overhead doors. North Shop — 40x30 Wood Frame (Built 2012): 1,200 sq ft with concrete floors and manual overhead doors. The property features a huge yard, multiple patios, outbuildings, guttering, fencing, city water, and city sewer — all on a quiet dead-end street.