Rare equine investment property in Alva on 1.3 acres featuring a two-unit duplex paired with a complete horse facility. This is a well-known, high-demand rental in the NWOSU rodeo community that rarely changes ownership— and it's easy to see why. The duplex offers 1,904 sq ft of total living area with each unit containing 952 SF, 2 bedrooms, 1 bathroom, and a 1-car attached garage. Both units feature central heat and air, all-electric utilities, vinyl flooring, some carpet, and kitchen appliances included. The duplex is on rural water and a septic system. The horse facility includes eight barn-covered horse runs plus two additional spacious horse turnout pens. The barn features two tack rooms, an open hay storage area, and water hydrants. Mostly pipe fencing throughout the property. Horse trailer plug-in on site with ample room to park multiple trailers. A lean-to structure on the property is currently used for additional storage. Both duplex units are currently leased through June 1, 2027. Claim this property now — secure your investment today and step into full owner use or continue generating rental income when the lease concludes. Whether you're looking for a turnkey investment, an owner-occupancy opportunity with built-in rental income, or simply a place to house your horses while your tenants help pay the mortgage, this property checks every box. Located just minutes from Alva, NWOSU Rodeo facilities, and the brand- new Salt Fork Event Center — soon to bring regular rodeos and equine events to the area. Properties like this one don't come available often. Don't wait.