1492 E Prospect, Tucson, AZ 85719
- $3,500,000
- 16
- BD
- 16
- BA
- 11,942
- SqFt
- List Price
- $3,500,000
- Status
- ACTIVE
- Days on Market
- 25
- MLS#
- 22621699
- Subtype
- Residential
- Style
- Territorial, Southwestern
- Year Built
- 1956
- Bedrooms
- 16
- Bathrooms
- 16
- Full Baths
- 14
- Half Baths
- 2
- Living Area
- 11,942
- Lot Size
- 112,843
- Acres
- 2.67
- Subdivision
- N/A
- Neighborhood
- N/A
- MLS Area Major
- Central
Property 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. 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.
/u.realgeeks.media/integrityonepropertiesaz/Integrity_One_Properties_logo-removebg-preview.png){kind=logo}
Additional Information
- Interior Features
- High Ceilings, Beamed Ceilings, Walk-In Closet(s), Entrance Foyer
- Exterior Features
- Native Species, Play Equipment, Courtyard
- Taxes
- $12,988
- Property Description
- Territorial, Southwestern
- Zoning
- Tucson - MH1
- Flooring
- Other, Tile, Tile, Stone
- Heating
- Other
- Levels
- One
- Pool
- Yes
- Parking Features
- Detached, Circular Driveway
- Garage Spaces
- 2
- School District
- Amphitheater
- Elementary School
- Rio Vista
- Middle School
- Amphitheater
- High School
- Amphitheater
- View
- Mountain(s)
Listing courtesy of Pete M Torrez PLLC from Griggs's Group Powered by The Altman Brothers.
Mortgage Calculator
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Integrity One Properties are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.