1492 E Prospect, Tucson, AZ 85719
$3,500,000
Property Type:
Residential
Bedrooms:
16
Baths:
16
Square Footage:
11,942
Lot Size (sq. ft.):
112,843
Status:
Active
Current Price:
$3,500,000
List Date:
9/05/2026
Last Modified:
9/05/2026
Description
An extraordinary opportunity to own one of Tucson's most distinctive historic income-producing compounds, generating approximately **$246,000 in annual rental income** with significant additional upside.
Behind gated entrances from both Prospect Lane and Limberlost, this unique property features **9 separate residences**, a resort-style pool, mature landscaping, fruit orchards, gardens and approximately **½ acre of undeveloped land with the potential to add up to 12 additional units**.
The property offers a diversified income stream through a mix of long-term rentals, short-term rentals and owner-occupied space, while providing exceptional flexibility for a future owner.
Supplements: Continue the current income strategy, expand the existing residential footprint, create a multi-generational family compound, corporate or executive housing destination, boutique retreat, or explore other potential uses. Unlike a typical multi-unit investment, this is an irreplaceable historic compound where each residence has its own character and identity. Extensive improvements have modernized the property while preserving its historic charm, including central A/C throughout, renovated bathrooms, restored fireplaces, updated roofs, plumbing, electrical, windows and appliances, plus upgraded gates, fencing, parking and the addition of a resort-style pool. With approximately $250,000 in current annualized income, 9 residences, potential for 12 additional units, and a rare combination of historic character, privacy and flexibility**, this is far more than an income property--it is a one-of-a-kind compound with immediate cash flow and exceptional future potential.
More Information MLS# 22621699
Address Information
Street #: 1492
Direction: E
Street Name: Prospect
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 10821021H
Area: Central
Subdivision: N/A
Contract Information
Current Price: $3,500,000
List Price: $3,500,000
Listing Date: 2026-09-05
Status: Active
Method of Title: Fee (Simple)
Distressed Info: None
General Property Information
Dwelling Type: Single Family Residence
Construction Status: Existing
Lot Dimensions: Irr
Lot Acres: 2.67
Lot Sqft: 112843
Lot Size Source: Assessor
Combined SqFt: 11942
Main House SqFt: 11942
Source of SqFt: Assessor
# of Garage Spaces: 2
# of Carport Spaces: 5
# of Covered Prkng: 7
Bedrooms: 16
Full Baths: 14
1/2 Baths: 2
Total Baths: 16
Basement: No
# of Fireplaces: 12
Year Built: 1956
School District: Amphitheater
Elementary School: Rio Vista
Middle School: Amphitheater
High School: Amphitheater
Horse Property: No
Horse Facilities: No
List Price/SqFt: 293.08
Lot Size Price/SqFt: 31.02
Remarks Misc
Geo Lat: 32.284502
Geo Lon: -110.949877
Showing Information
Directions: Enter from west side of 1453 E Limberlost, meet at gate.
Roof
Other: multiple types
Living Areas
Other: multiple units
Dining Areas
Other: multiple units
Kitchen Features
Other: multiple units
Primary Bathroom Features
Other: multiple units
Additional Bathroom Features
Other: multiple units
Laundry
Other: multiple units
Extra Room
Other: multiple units
Guest Facilities
Other: multiple units
Interior Features
Interior Steps Y/N: N
Fireplace Location
Other: multiple units
Floor Covering
Other: multiple units
Main Cooling
Other: multiple units
Main Heating
Other: multiple units
Water Heater
None: multiple units
Electric
Electric Company: TEP
GarageCarport Feat
Attached Garage: 1
Pool
Conventional: Yes
Exterior Features
Front Faces: North
Subdivision Restrict
Age Restrictions: No
CC&Rs: No
Deed Restrictions: Yes
Home Protection
Offered: No
Property Features
Stories: One
Construction: Burnt Adobe; Stucco Finish
Style: Southwestern; Territorial
Living Areas: Family Room; Living Room; Off Kitchen
Dining Areas: Breakfast Bar; Breakfast Nook; Dining Area; Formal Dining Room
Guest Facilities: House
Interior Features: Beamed Ceilings; Entrance Foyer; High Ceilings; Split Bedroom Plan; Storage; Walk-In Closet(s)
Fireplace: Wood Burning Stove
Floor Covering: Ceramic Tile; Mexican Tile; Stone
Window Covering: Some
Technology: High Speed Internet
Gas: Natural
Sewer: Connected; Septic
Water: Private Well; Public
Accessibility Option: None
Security: Security Gate
Pool: Heated
Spa: Conventional
Fence: Wrought Iron
Landscape - Front: Desert Plantings; Flower Beds; Natural Desert; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear: Desert Plantings; Flower Beds; Natural Desert; Shrubs; Trees
View: Mountain(s)
Road Type: Paved
Driveway: Circular
RV Parking: Space Available
Exterior Features: Courtyard; Kennel/Dog Run; Native Plants; Play Equipment; Shed(s); Workshop
Lot Features: North/South Exposure
Neighborhood Feature: Walking Trail
Terms: Cash; Conventional
Submit With Offer: Domestic Well Addendum; Lead Based Paint Disclosure; On-site Wastewater
Property Disclosures: Lead-Based Paint; Seller Prop Disclosure
Special Conditions: None
Documents
Lead Paint Discl ›Listing Office: Griggs's Group Powered by The Altman Brothers
Last Updated: September - 05 - 2026
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