1492 E Prospect, Tucson, AZ 85719

New Listing
$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

Overview

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 ...

Listing Details 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

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
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

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

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

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
Yes

Pool

Conventional
Yes

Exterior Features

Front Faces
North

Subdivision Restrict

Age Restrictions
No
CC&Rs
No
Deed Restrictions
Yes

Home Protection

Offered
No
IDX
Listing Office: Griggs's Group Powered by The Altman Brothers
Last Updated: September - 05 - 2026
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 the listing brokerage here 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.