Properties

Tucson, AZ 85719 1492 E Prospect

1492 E Prospect Tucson, AZ - Image 11492 E Prospect Tucson, AZ - Image 21492 E Prospect Tucson, AZ - Image 3
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Presented By: Pete M Torrez PLLC with Griggs's Group Powered by The Altman Brothers.
  • MLS# 22621699
  • 09/05/2026
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  • Beds • 16
  • Full/Half Baths • 16 / 2
  • SQFT • 11,942
  • Garage • 2

Home Details

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 **ยฝ 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.
Presented By: Pete M Torrez PLLC with Griggs's Group Powered by The Altman Brothers.

Interior Features for 1492 E Prospect

Bedrooms

Total Bedrooms16

Bathrooms

Half Baths2
Total Baths16

Other Interior Features

LivingAreaSourceAssessor
Basement (Y/N)No
Fireplace FeaturesOther, Wood Burning Stove
Fireplace Y/NYes
FlooringOther, Mexican Tile, Ceramic Tile, Stone
Heating Y/NYes
Interior AmenitiesHigh Ceilings, Beamed Ceilings, Walk-In Closet(s), Entrance Foyer
Laundry FeaturesOther
Total Fireplaces12

General for 1492 E Prospect

AccessibilityNone
Additional Parcels Y/NNo
Architectural StyleTerritorial, Southwestern
Attached Garage Yes
Carport Spaces5.0
Carport Y/NNo
CityTucson
Community FeaturesWalking Trail
Construction MaterialsBurnt Adobe, Stucco Finish
CountyPima
DirectionsEnter from west side of 1453 E Limberlost, meet at gate.
DisclosuresSeller Prop Disclosure, Lead-Based Paint
Elementary SchoolRio Vista
Facing DirectionNorth
Full Baths14
Garage Spaces2.0
Garage Y/NNo
HOANo
HeatingOther
High SchoolAmphitheater
High School DistrictAmphitheater
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSee Attached Document
LevelsOne
Living Area11942.0
Lot Size Square Feet112843.0
Lot Size UnitsAcres
MLS AreaCentral
MLS Area MinorCentral
Middle/Junior High SchoolAmphitheater
MobileHomeRemainsYNNo
New Construction None
Other StructuresWorkshop, Shed(s), Kennel/Dog Run
Parcel Number10821021H
Patio/Porch FeaturesCovered
Pool FeaturesConventional, Heated
Property SubtypeSingle Family Residence
Property TypeResidential
Rent Control Y/NNo
Security FeaturesSecurity Gate
SewerSeptic Tank
Spa FeaturesConventional
Standard StatusActive
StatusActive
Subdivision NameN/A
Tax Annual Amount12988.0
Tax Year2025
Township13
UtilitiesSewer Connected
ViewMountain(s)
Water Body Access Y/NNone
Year Built1956
ZoningTucson - MH1

Exterior for 1492 E Prospect

Building Area Total11942.0
Covered Spaces7.0
Crops Included Y/NNo
Exterior AmenitiesNative Plants, Play Equipment, Courtyard
FencingWrought Iron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot DimensionsIrr
Lot FeaturesFlower Beds, Shrubs, Sprinkler/Drip, Sprinklers In Front, North/South Exposure
Lot Size Acres2.67
Lot Size Area2.67
Lot Size SourceAssessor
Parking FeaturesDetached, Circular Driveway
Road ResponsibilityCity
Road Surface TypePaved
SpaNo
Water SourcePublic, Private, Well

Additional Details

Price History

Schools

High School Amphitheater High School
Elementary School Rio Vista Elementary School
Middle School Amphitheater Middle School

Connect Realty

Price $3,500,000
MLS#22621699
List Date 09/05/2026
Property Type Single Family
Phone 888.795.6274
Get pre-approved
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Request Info
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