716 Sonia Drive presents a rare opportunity to develop multifamily real estate on the edge of the University of Oklahoma campus. The 1.25-acre tract was recently rezoned to RM-6, Medium-Density Apartment District, allowing for student housing developments. The site previously had three single-family houses, which have now been demolished, leaving the land in shovel-ready condition. 716 Sonia Drive is surrounded by several other housing options, including the VUE and Avalon, two of the top-rated communities serving OU per Apartments.com, establishing this location as a preferred destination for students. Located diagonally across from the OU Rugby Field and the university’s indoor arena is behind the field, this is one of the closest development sites to the campus. Students can walk to a Campus Area Rapid Transit Stop (CART) in five minutes, providing an even quicker route to all school facilities. Monthly student rents were reportedly $241 higher on average compared to multifamily rents in the area as of Q1 2025, and that figure typically rises the closer the property is to campus.